Do you want an efficient way to compare more affordable insurance rates in Richardson, TX? Richardson shoppers have lots of choices when shopping for the best price on car insurance. They can either spend hours contacting agents to get rate comparisons or save time using the internet to make rate comparisons.
There is a right way and a wrong way to shop for insurance and we’ll show you the quickest way to get price quotes for a new or used and locate the lowest price.
It’s an obvious conclusion that insurance companies want to keep your business as long as possible. Drivers who shop around for the cheapest price will probably buy a new policy because they have good chances of finding a lower-priced policy. A recent survey found that people who compared prices once a year saved an average of $865 annually as compared to drivers who never shopped for cheaper rates.
If finding the most affordable auto insurance is your ultimate goal, then having an understanding of the best way to shop and compare insurance rates can make it easier to find better rates.
Consumers should take time to do rate comparisons periodically because insurance prices are usually higher with each renewal. Even if you got the lowest rates on insurance a year ago you can probably find a better rate quote now. Block out anything you think you know about insurance because you’re going to learn how to quote online to save money, get proper coverage and the best rates.
| Make, Model, and Trim Level | Annual Policy Premium | 6-month Policy Premium | Monthly Premium |
|---|---|---|---|
| Chevrolet Silverado LT Crew Cab 4WD | $1,058 | $529 | $88 |
| Dodge Ram Crew Cab Sport 2WD | $1,148 | $574 | $96 |
| Ford Edge SEL AWD | $966 | $483 | $81 |
| Ford Escape XLS 2WD | $834 | $417 | $70 |
| Ford F-150 XL Crew Cab 4WD | $956 | $478 | $80 |
| Ford Focus SE 4-Dr Sedan | $966 | $483 | $81 |
| Honda Accord LX 4-Dr Sedan | $834 | $417 | $70 |
| Honda CR-V LX 2WD | $834 | $417 | $70 |
| Honda Civic EX 2-Dr Coupe | $1,222 | $611 | $102 |
| Jeep Grand Cherokee SRT-8 4WD | $1,058 | $529 | $88 |
| Jeep Wrangler Unlimited Sport 4WD 4-Dr | $1,016 | $508 | $85 |
| Kia Optima LX | $1,056 | $528 | $88 |
| Nissan Altima 2.5 4-Dr Sedan | $988 | $494 | $82 |
| Toyota Camry XLE | $1,038 | $519 | $87 |
| Toyota Corolla XRS | $1,058 | $529 | $88 |
| Toyota Prius | $928 | $464 | $77 |
| Get Rate Quotes for Your Vehicle Go | |||
Cost estimates assume married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Rates do not factor in vehicle location which can increase or decrease price quotes significantly.
Insurance coverages explained
Having a good grasp of your policy can help you determine the right coverages and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording.
Collision protection
Collision insurance will pay to fix damage to your vehicle resulting from a collision with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.
Collision insurance covers claims such as sustaining damage from a pot hole, damaging your car on a curb, crashing into a ditch and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Another option is to bump up the deductible in order to get cheaper collision rates.
Protection from uninsured/underinsured drivers
Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your vehicle.
Due to the fact that many Texas drivers only purchase the least amount of liability that is required (Texas limits are 30/60/25), it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked. Frequently the UM/UIM limits do not exceed the liability coverage limits.
Liability coverages
This coverage can cover injuries or damage you cause to other people or property in an accident. This insurance protects YOU from claims by other people, and doesn’t cover your injuries or vehicle damage.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 30/60/25 which means a limit of $30,000 per injured person, a total of $60,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Another option is one number which is a combined single limit which provides one coverage limit without having the split limit caps.
Liability coverage pays for claims such as medical services, legal defense fees and loss of income. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford. Texas requires minimum liability limits of 30/60/25 but you should consider buying better liability coverage.
The next chart demonstrates why the minimum limit may not be enough coverage.
Comprehensive (Other than Collision)
Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things like damage from flooding, theft, hitting a deer, hail damage and falling objects. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Medical expense insurance
Coverage for medical payments and/or PIP pay for immediate expenses for things like doctor visits, surgery, dental work, funeral costs and pain medications. The coverages can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is not universally available and may carry a deductible
Compare auto insurance rates regularly to save
Insureds who switch companies do it for any number of reasons including extreme rates for teen drivers, delays in paying claims, high prices or denial of a claim. Whatever your reason, switching companies can be less work than you think.
Lower-priced auto insurance in Richardson can be bought from both online companies in addition to many Richardson insurance agents, so you should compare both in order to have the best chance of saving money. Some insurance companies may not offer rate quotes online and these regional carriers prefer to sell through independent agents.
We just covered many tips how you can reduce auto insurance prices online in Richardson. It’s most important to understand that the more companies you get rates for, the better likelihood of getting the cheapest Richardson car insurance quotes. Consumers could even find that the best prices are with some of the lesser-known companies.
Steps to finding better rates for auto insurance in Richardson
If saving the most money is your goal, then the best way to get discount auto insurance rates in Richardson is to compare prices at least once a year from different companies that insure vehicles in Texas. You can compare prices by following these steps.
- Step 1: Read and learn about the coverage provided by your policy and the things you can control to lower rates. Many risk factors that result in higher prices such as accidents, careless driving, and an imperfect credit rating can be improved by making lifestyle changes or driving safer.
- Step 2: Obtain price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only quote rates from a single company like Progressive or Allstate, while independent agencies can provide rate quotes for a wide range of insurance providers. Start a quote
- Step 3: Compare the new rates to your existing policy to determine if switching companies saves money. If you can save some money and decide to switch, make sure there is no lapse between the expiration of your current policy and the new one.
- Step 4: Give proper notification to your current agent or company of your intent to cancel your existing policy and submit the application along with any required down payment to the new company. When you receive it, put the certificate of insurance in an accessible location in your vehicle.
One bit of advice is to make sure you enter similar deductibles and liability limits on every quote and and to get rate quotes from as many auto insurance providers as possible. This ensures the most accurate price comparison and a thorough selection of prices.
More articles
- Understanding Limits and Deductibles (Allstate)
- Who Has Cheap Auto Insurance for Teenagers in Dallas? (FAQ)
- Your Car has been Stolen: Now What? (Allstate)
- Auto Insurance for Teen Drivers (Insurance Information Institute)
- Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)