Saving Money on Auto Insurance in Texas

People don’t usually say, “I want to spend as much as I possibly can on my auto insurance.” Instead, drivers are concerned about saving money on their auto insurance premiums, especially since auto insurance is required by law and people have no choice but to buy it. Insurance companies offer discounts to help lower drivers’ premiums. While the discounts vary from company-to-company, many offer discounts for policyholders who have the following:

  • Airbags
  • Antilock brakes
  • Antitheft devices on their vehicles
  • Two or more cars on a policy
  • Additional policies with the same insurer
  • A good driving record
  • No claims

Start By Shopping Around

Since premiums can vary by hundreds of dollars each year between insurance companies for the same coverage, it’s critical that you shop around for the best deal. If you’re a good driver with good credit, you could save at least $100 a month if you look around and find a cheaper insurance company instead of sticking with the most expensive one in Texas.

If you’re a driver with a recent at-fault accident or poor credit, you may save even more money. Such drivers may be able to lower their car insurance payments by as much as $200 each month, if not more. However, the company that offers you the lowest rates in Texas could offer you the highest rates in another state. And, the cheapest insurance company for someone with good credit and a good driving record may not be the best for someone else who has poor credit and a recent crash on their record.

Next: What Does My Auto Insurance Policy Cover?

The four largest auto insurance companies include Allstate, Geico, Progressive, and State Farm. Our advice is to compare rates and discounts with each one of the BIG 4. You can also ask your insurance agent to review your possible savings to make sure you’re getting the best rate.

To learn more about saving on your car insurance, read this article by NerdWallet.

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