The Facts About Texas Auto Insurance
Auto Insurance can be frustrating especially when trying to decide coverage levels and deductibles. At Dormer Insurance Services we make the process as easy as possible by explaining options and coverage to help you design the policy that fits your needs and desires.
Factors Affecting Your Auto Insurance Premium
Insurance companies will generally use some or all of the following factors to determine the insurance premium.
- Safety features such as anti-lock brakes
- Anti-theft device on your vehicle.
- Driving record of all operators which includes traffic violations and accidents.
- Coverage levels and deductibles selected
- Multi Policy discounts for having additional insurance coverage with the same carrier
- Claims history and Insurance Score
- Age of driver (under 21, under 25, over 55, retired), Driver Training Courses
- How the car is used (Pleasure, Driving to Work, Used in Business)
Coverage Definitions in Texas Auto Insurance
Bodily Injury & Property Damage Liability
When you are at fault in an accident, this coverage pays for injuries to the other parties and damage to their property. Coverage levels are generally expressed as “split limits”, such as 100/300/100. In this example up to $100,000 bodily injury coverage per person, up to $300,000 bodily injury for all persons, and up to $100,000 for property damage. There is a choice of limits you can select; we’ll review and help you determine these limits.
Uninsured & Underinsured Motorist
If you are in an accident where an uninsured person is at fault, this coverage will pay for your injury and damage to your automobile. It also will pay excess over a fault party’s coverage that is inadequate to cover your injuries. Let us further explain this often misunderstood and overlooked coverage. Uninsured Motorists also will repair your car if parked and hit by an unknown vehicle, a "hit run".
Covers the cost of repairing or replacing your vehicle subject to your deductible if the accident is your fault. The premium for Collision varies depending upon your deductible limits. Let’s look at different deductible levels.
Remember, if someone else is at fault for the accident, their Bodily Injury and Property Damage Liability pays for your injury and repairs your auto. Generally you would file a claim on their insurance.
Covers damage to your vehicle such as: broken glass, vandalism, theft, wind, hail, falling objects, and flood. Just like collision, you have a choice of deductibles.
Pays for a rental car when your car is being repaired under collision coverage due to a fault accident. Towing coverage is also available.