Buying a car is a big purchase and it’s important that you protect your investment by having the proper insurance. The law requires that drivers carry insurance on their vehicles and if you fail to maintain current automobile insurance you can be pulled over and given a very expensive ticket. If you get several no insurance tickets your license can be taken away or suspended. In the event of an accident or vehicle theft, you will be glad you have insurance on your vehicle. 

Liability Insurance

If you don’t owe any money on your car you can carry just liability insurance. Liability insurance will cover any damages to any vehicles that are involved in an accident where you are at fault. However, liability coverage will not cover any damages to your vehicle. It also doesn’t cover vehicle theft, so if you only have liability insurance and your vehicle is stolen then you will not receive any money for a new vehicle. 

Full coverage insurance cover theft and any damages to your car whether you are at fault or not. If your vehicle is financed and you are still making payments then your finance will require you to carry full coverage on your vehicle. To make sure that you have the best coverage you might also want to consider adding uninsured motorist to your policy. This will make sure you are covered if you are hit by someone who doesn’t have insurance.

Auto Insurance Cost

Auto insurance cost can get pricey depending on your deductible, driving history, credit and coverage. If you have a low deductible amount your premium will go up. A deductible is the amount of money you are going to have to pay out of pocket in the event that you make a claim. For example, if you are in an accident and the repair bill is $2,500 and your deductible is $500 then you will have to pay the $500 up front and the insurance company will cover the rest. The higher your deductible the lower your premium will be. 

You can also add things like rental car reimbursement and towing services to your policy but all of these things will increase your premium. If you have multiple cars and multiple drivers then you will qualify for a discount that will help lower your premium. A good driving record that is clear of any accidents will also help keep your cost down. Most people don’t realize that their credit score can also affect the cost of their auto insurance policy too.

Choosing the Right Car Insurance

Choosing the right auto insurance company is important too. You want to pick a company that is reputable and that has been in business for a while. An interactive website that is user friendly is something that you should require out of your auto insurance provider. It’s always a good idea to run a quick search on the internet and see if your insurance company has any complaints against them. 

Customer service is always another key element to look for because if you ever have to make a claim you will want to be able to get a live person on the phone no matter what time of day or night it is. There are several great Dallas insurance companies available to help you with all of your insurance needs and you can find a detailed list of all the insurance companies in your area by searching the term “insurance companies near me” on the internet.