Automobile Insurance Texas TX

Reader’s Question:

I heard from one of my colleagues when I moved in here in Texas that there is a difference in the car insurance requirement here and the other states. Can you please enlighten me with these requirements here in Texas with regards to car insurance?

Kendra

Austin, TX

Texas has a different requirement with their car insurances if you came from a No-Fault state. The difference here in Texas is that the driver who had caused the accident should be able to pay the injuries of the person or the damages that have been incurred on the car. And with this situation it only needs a simple solution.

Drivers in Texas usually avail Liability Insurance in which it covers the payment for the repair or replacement of the car of the other driver together with the medical expenses of the other driver though it will not include your own medical expenses and payment for the repair or replacement of your own car. You must have at least the minimum amount of Liability Coverage in your car insurance that the State of Texas has required, for if you will not be able to pay everything that you have incurred to the other driver, you might be sued and could ask for more than it is intended. With everything around us going high, you would expect that medical bills and repairs are still low. Thus, it is highly recommended to everyone to avail higher than the minimum coverage to make things easier in case of accidents.

Tags: auto insurance, no-fault insurance

Classic Car Insurance Texas TX

Reader’s Question:

I’m looking at the market for my classic car insurance here in Texas. What are the things that I have to take into consideration when buying my classic car insurance?

Marcus

Laredo, TX

Since you drive a classic car in Texas, you should give extra considerations on a number of things when buying car insurance. These include:

Vehicle Usage
Generally, classic cars are hardly driven on the road. The yearly driven miles for these kinds of automobiles normally scale from 1,000 to 5,000 miles so the car insurance coverage must show that limited operation.

Vehicle Storage
Classic car insurance providers usually persist that these types of automobiles should be put in storage in completely covered, protected garage if it is not in use.

Vehicle valuation
An “agreed-value” policy would be better than “stated-value” policy. Agreed-value policy gives assurance that the car insurance provider would pay the policyholder the whole amount reflected in the policy, minus the deductible, in case the classic car is totaled. On the other hand, stated-value policy is likely amenable to analysis of the value of the car in case of an insurance claim.

Vehicle condition
Car insurance providers rather give coverage to automobiles that are in outstanding form and classic car insurance providers could refuse to insure vehicles that seem to be worn or that have suffered damage.

A number of classic car insurance providers would like to be aware if there are spare parts available in case the classic vehicle is damaged and if there are car repair shops capable of fixing older automobiles in your area.

Tags: car insurance, classic car

Senior Car Insurance Texas TX

Reader’s Question:

I have been arguing with my father, who is a senior citizen, when he asks his car insurance agent to drop his collision and comprehensive coverage. Is my father still going to be protected here in Texas without it? And isn’t it as a senior citizen, he should get discount in any coverage he would be including?

Laura

Brazosport, TX

Senior Citizens have the right to have discounts which includes car insurance policies, but something you should is that most Car Insurance Companies increase car insurance rates when the senior citizen becomes 70 years of age since when a man becomes older and older their physical, hearing, eyesight, and reflexes starts to weaken. This makes the driver risky and car insurance rates higher even if the driver is privileged to have discounts.

As for the Collision and Comprehensive Coverage, once a driver dropped this coverage, he should have enough money to buy for a new car in case an accident occurs for if you drop this coverage you will not have the coverage to have your car fixed. Having only liability insurance might not be enough in case of any accident that my cause you a lawsuit and the petitioner might come after your asset. That it is why it is advisable for a senior citizen to get a high limit of liability here in Texas. You should know that even if the senior citizen is too old to drive but still driving carefully, the insurer are not going to take the risk for statistically speaking too old senior citizens are most likely to get an accident.

Tags: car insurance, collision coverage, comprehensive coverage, senior car insurance

Auto Insurance Claims Texas TX

Reader’s Question:

I have collision coverage for my auto insurance here in Texas so I’d just file a claim to my own insurance provider to cover the damages on my car since the at-fault driver’s insurer denied my claim. They are saying that the accident wasn’t the other driver’s fault, what can my insurer do about that? Also, will my premiums go up even though the accident was not my fault?

Pablo

College Station, TX

You still need to pay the deductible on your collision coverage in case you have gotten into a vehicular accident that you did not cause which involves another car and you file a claim on your auto insurance policy to cover the damages on your car. However, if the other driver was really the one who caused the accident, your auto insurance provider in Texas would go after the other driver’s insurance company to recover their payment for the damages on your car as well as for the deductible that you paid. Your auto insurance provider will also let you file a claim under your uninsured motorist coverage provided that you have this in your policy. But in most states, uninsured motorist coverage would only cover the payment for injuries.

Your auto insurance rates will not essentially go up during the renewal period once you file a claim under your insurance policy because of an accident that you did not cause. Most state insurance regulations forbid car insurance providers from adding on charges or increasing their premiums for accidents wherein they were not at-fault. But these regulations don’t prevent your car insurance provider to drop your policy once it’s up for renewal in case you have filed so many recent claims. Also, if you drive in a high risk neighbourhood and are prone to being hit, even if you were not the one who caused it, your car insurance provider may find you so risky to insure.

Tags: auto insurance, auto insurance claims