Auto Insurance

Auto Insurance

How does your auto insurance compare

Tags: , Auto Insurance, Dallas Insurance Rates
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How does your auto insurance compare to the what’s available?  Let’s face it, if you’re like most people, you want great rates; right?  The problem is that reality is far different in many cases.  In order to make sure you get the right rates, and the best protection,  we explore your options and compare your policy to the competition.

The Office of Public Insurance Counsel has a comparison tool to help you understand the categories you should consider.  This tool will help you understand why company X can advertise with a cartoon character and offer low rates.  Coverage matters most.  Let’s look at a few differences, that way you understand why this is true.

Bodily Injury and Property Damage Liability

Coverage under liability applies to injuries and damage to property caused by you or another covered driver.  In this case, you are legally liability for causing an accident.  It may surprise you to find that there are a few noticeable differences between covered drivers on Texas Auto policies.

A good example is the way insurance companies handle liability claims on Temporary Substitute Vehicles.  This could be a rental car, or it could be a car borrowed from a friend while on a trip. Some companies cover a temporary substitute auto for any reason in which you are liability.  Other companies limit this coverage to cases involving breakdowns, repair, loss, or destruction.  So no coverage on the trip.

Liability Permissive Drivers

Coverage for drivers that have permission is another place in which some insurance policies differ.  Odds are, if you purchased your car insurance from a place that offers a 1 month or 3 month auto insurance policy, you could have a coverage gap.  Some insurance policies only cover drivers that are listed in the policy; while unlisted drivers have no coverage, even in emergency cases.

How can you tell if you have exclusions or reduced coverage for unlisted drivers?  Get your ID card and look for the wording that doesn’t look right.  Texas insurance companies are required to list excluded drivers on your ID Card.

Uninsured Motorist and Personal Injury Protection

Uninsured motorist (UM) coverage will reimburse you, or a covered driver if hit by an uninsured or hit-and-run driver. Personal Injury Protection (PIP) pays for reasonable medical related expenses as well as lost income.  These protect you, personally.  Quite frankly, this is where many consumers cut corners. Before, you get worried, check your most recent declarations page or renewal.

If you notice the words “rejected”, “refused”, or “not covered”, then you probably signed or initialed something in writing.  That’s the only way to remove UM and PIP.  Now you have to ask yourself, “If I am injured in an accident, how much cash do I have saved?”  Without UM and PIP, you could wind up paying the first $5000 in medical expenses out of pocket.  Ahem, remember your Obamacare deductible?

In the end, the lowest rate is not always the best rate.  Coverage matters most. Financial protection should is more than just getting it cheap and fast.  If you’re like most people, you want coverage when it matters.  Regardless of the type of car insurance, the pennies you save on the month premium, could cost you thousands after a claim.  30 days prior to your next renewal, review your coverage and your company.  If you’re paying for car insurance, get the biggest bang for your buck and with the coverage you need and deserve.

What if I cancel my insurance policy early?

Auto Insurance, Business Insurance
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Inevitably, not all insurance policies remain in force for the entire policy period.  Let’s face it, insurance policies are cancelled early by the consumer for all sorts of reasons.  Due to economic conditions, a small business could be forced to close its doors.  An individual family could find a cheaper alternative to an existing auto or home policy.  Whatever your reason for cancelling a policy here are a few tips to ensure your voluntary cancellation is in your best interest.

Never cancel an insurance policy when you still need policy

Cancelling a policy while the need still exists can be very dangerous; especially for auto policies.  Recently, we had a new client call and ask to remove a child’s vehicle from the policy.  However, this vehicle titled in dad’s name.  We asked if his daughter obtained insurance and whether he could prove the existence of a replacement policy. Once he stated he could provide proof of new coverage for his daughter’s car, we processed the removal of the extra vehicle and documented the details of the call in our system.

This can also happen in the case of divorce-separations.  Once a divorce is finalized, the first named insured may request to removal of a  spouse.  In cases like these, insurance requires the agent (with good reason) to obtain some type of documentation confirming that we’ve spoken to both parties. In this case we must either write the former spouse a new policy or confirm the existence of insurance coverage elsewhere.

In both cases, this  prevents us from pulling the proverbial rug from underneath a client.  If the spouse being removed has neglected purchasing a replacement policy, removing them prematurely could cause an unnecessary gap in coverage.  What would happen if that spouse had an accident?  In the case of the daughter, if dad still has a car titled in his name, he could still be considered liability if a car titled in his name is improperly covered or uninsured.  What would happen if this case?

Make sure replacement policies cover the same exposures

Many times, consumers look a lower rates only.  As a result, as a result, some companies or agents will provide lower rates by reducing or removing coverage on auto and home policies.   As a result, the reduction of premium could open exposures to loss that one had not consider.  This can also be very costly.

Imagine having an auto insurance policy that has everything you could possibly ask for.  Imagine having a policy with high liability limits, personal injury protection, uninsured motorists, physical damage for the car, towing, rental reimbursement, death and indemnity coverages included.  After having this policy, you see a commercial for “no-credit check insurance policy” that will save your $30 per month.  In purchasing that policy, you’re convinced that you only need state minimum liability and physical damage coverage with a $500 deductible.

After switching policies, you have an accident in which you’re severely injured.  Aside from missing time from work,  you’re left with paying your deductibles for both auto insurance, and health insurance while living on less money due to unpaid sick or lost business time.  In this case, was $30 per month or $360 per year worth removing the personal injury protection?  What if this was a claim with an uninsured driver.  Was it worth the lost uninsured motorist bodily injury coverage?  After a claim is the worst time to find out that you purchased a worthless policy.

Policy and agency fees are generally non-refundable.

If the insurance company charges you a fee and you cancel before the end of a policy period, you will not get the fees back.  That includes my agency as well.  This is especially important when it comes to business policies.  As an insurance agent, I am very careful in charging fees.  I understand that there are a number of people that would love to do business with you.  So, we only charge fees when it is absolutely necessary.

We charge fees for specialty cases that require a high deal of special handling or manual processing.  Since the insurance agency has to refund commissions to the insurance company if your policy cancels for any reason, we charge fees to offset early cancellations on specialty policies.  This helps ensure that we remain profitable in our agency.

You may be required to provide other documentation or signatures.

Our insurance providers require a signed cancellation letter on all early cancellations.  In personal auto and home insurance, we also require a copy of the replacement declarations on filed along with the signed cancellation letter.  This ensures that we help prevent causing an unnecessary gap in insurance coverage.

Some policies have portions which are non-refundable.  (Minimum earned requirement)

Because some commercial insurance policies require that we apply for coverage in residual (high risk/surplus) markets, we come across strange policy requirements.  For business policies, we see a 25% minimum earned requirement.  This means even if your policy one day after your policy starts, you are still liability for 25% of the policy’s annual premium along with any fees associated with the policy.

Policies with regulatory filings may have different cancellation requirements.

One thing that makes it difficult to cancel a policy is the presence of state or federal filings.  This is most common with transportation (trucking) policies which require Form E filings.  Even if you stop paying for a transportation policy, having filings requires the insurance company to cover you for an additional 30 days or so.  As a result, you continue to incur charges that can be sent to a collections department.

In cases like these, in order to immediately cancel a transportation policy, you will have to completely shutdown your business and provide that proof along with a signed cancellation letter for the insurance company to cancel your insurance policy.

Cancelling insurance is serious business

In the end, cancelling an insurance policy is serious business.  We understand that stuff happens.  If you have to cancel a policy, make sure that you’re doing for all the right reasons.  When replacing a policy, make you understand the differences in coverage.  If you’re a business, keep in mind that there may be other requirements prior to completing your cancellation request.  In all cases, understand we will require details regarding your new insurance along with a signed statement requesting your cancellation.

 

Back to the basics of Personal Insurance

Auto Insurance, Homeowners Insurance

In 19 years as an insurance agent, I’ve forgotten more about car insurance than most people know.  As a result, I over think topics for the blog.  In reality, we all need to get back to the basics when it comes to insurance.  As a result, my next few blog posts will cover will help you in building a foundation to help your family remain safe and secure through out your life.

A Holistic Approach to Personal Insurance

Generally, we look at our insurance in silos.  It goes something like this.  Get the auto insurance bill, check that rate.  If it increases, shop for another one or look around for better car insurance.  Need renters insurance, go to the people that gave you a flyer at the leasing office.  You need homeowners insurance, ask your mortgage broker.  While you may have cheap insurance, beware of  gaps in coverage.

In 2014, Take a more holistic approach to your insurance and get to know an agent that understands you.  Think of your insurance portfolio as a puzzle.  How do you put that puzzle together so that the picture makes sense when you file a claim?  Will your personal injury protection cover out of pocket medical expenses after an accident?  Can you confirm that type of information by rate sniping  your insurance?

Auto Insurance is more than you think.

I officially declare war against all insurance agencies in Texas that specialize in nothing but minimum non-standard liability only policies.  From there, I’ll just bite my tongue.  If you bought your car insurance from a store front that has a sign in the window stating something like the following:

Liability starting at $39 per month… No License, No Problem… 

The policy that many of these  non-standard specialists sell is an inferior policy to one you would have gotten from Travelers, The Hartford, Safeco, Progressive; the list goes on.  So when that guy comes on TV and scares you into thinking your credit is too bad to get a preferred rate, remember the U.S. Government has shaky credit too.

Seriously, your auto insurance has more than just the limits listed on the declarations page.  Your standard auto insurance policy has lots of hidden goodies their non-standard companions change, reduce, or remove altogether.  Two examples include coverage extending to rental vehicles, and having automatic coverage on newly acquired vehicles.   So the next time you’re shopping for auto insurance, ask a few questions about the coverage you might be missing.  If the agent can’t answer your questions, find one that can.

The Foundation Endorsement is a must.

Millions of Texas homeowners are unknowingly exposed to major loss due to a slab leak.  Imagine this, after 10 years in your home, you’ve consistently gotten water bill ranging from $30-$50 per month.  Then all of a sudden, poof!  You get a $500 water bill.  When you call the plumber, he says that you have a broken pipe underneath or inside your home’s foundation.

The costs of accessing and repairing damage of this nature can range from $1000 for a bare floor with stained concrete to thousands if you have hardwoods, or tile, or any other special flooring.  The harsh reality that many Homeowners in Texas have had this experience but purchased insurance without this coverage is almost criminal.

So, if you’re like most Texas homeowners with a slab foundation on a ground, get a quote for the foundation coverage.  The $100 a year over 50 years in your home will save you thousands if you ever use it.

You mean Obamacare doesn’t cover life insurance?

I just said the L word; no pun intended.   First off, the federal government only pays $255 in survivor’s benefits. If you love your family and you want to be buried somewhere other than the backyard, get life insurance.  I’m not referring to the old kind where the guy drives by your house and picks up your cash payment and pays out $5000 when you die.  I’m talking about the new kind, that term life insurance that’s cheap, it’s got all kinds of riders and attachments.  I’m talking about the new kind that helps build up tax free cash and gain stock market like interest.

Regardless of what kind suits you, that should be a part of everyone’s portfolio.  The life insurance industry has evolved from the old debit agent to online life quotes, purchasing through e-signature.  With the cost availability of medical and policy requiring no medical, life insurance is a no-brainer.  Thank modern medicine for helping us live longer.

Put it all together – Insurance is a no-brainer right?

Now all you have to do is take the auto, homeowners, life and health insurance and put them all together and make that puzzle fit together.  You have two options, you can call GEICO for your car insurance or call their insurance agents that help them with their auto, home, life, and health insurance.  Odd are, if you a that agent needs help on his life insurance or homeowners insurance, he’s probably going to call me.

Will New Texas law limit the use of limited auto insurance policies

Auto Insurance
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Unless you’ve been living under a rock of the past few years, you’ve probably come across an insurance company that offers “named-driver” auto insurance policies.  Just in case you have been residing in the West Texas desert, let me explain what a named-driver policy is.  A named driver auto insurance policy is a policy that restricts coverage to only drivers listed on a policy.

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As I’ve previously written, all auto insurance policies are not created equally in Texas.   In most standard and preferred policies, offer coverage for “permissive use” as long as a driver operates within the scope of permission has been a way of life.  Suppose you have a relative that moves into your household and you give them permission to drive your car.  If that driver has a wreck, that driver is covered by your insurance company.

This is where policies in Texas diverge.  There are a number of companies that have a provision in their policy that every household driver must be rated on a policy or excluded from coverage.  That means, the relative that moves in must be added to your policy or they stand the risk of not having coverage if they have an accident in your car.  Aside from not providing coverage for unlisted drivers, these limited Texas auto policies also reduce additional features that are too long to list in this post.

Subsequently, you should beware of the policy that asks you to exclude drivers, reject coverage initial your life away.  In fact, here’s a novel thought.  Read everything and question the agent before signing everything on your application.  Hopefully, like most people, you purchase insurance to protect you and your family.  If your agent cannot or will not explain the level of coverage, then run fast!

With all that said, the Texas Legislature recently passed a new regulation targeting these limited policies.  Effective January 1, 2013, insurance companies that write limited insurance policies must specify that the policy is of the “limited variety”.  According to the Dallas Morning News, “a measure that the Legislature enacted and Gov. Rick Perry signed into law this year requires that insurers who sell “named driver” auto policies disclose the limits of the coverage to drivers. They must also list the names of covered drivers on insurance ID cards they issue to customers.”

So the next time you’re looking for auto insurance, keep this post in mind.  Comparing rates is not the only means by which you should compare your auto insurance.  Now more than ever, your level of coverage should be the most important feature.  At the time of a claim, if you could have paid $10 more, would it have been worth it to add your relative or more coverage to your policy?  Hopefully this post makes you think.

Celebrate Independence day with sober driving

Auto Insurance
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Whether you’re traveling for the July 4th holidays or simply remaining around home, TXINSURANCEPRO.COM wants to remind you to that “Buzzed driving is just as bad as drunk driving.
⦁ According to the National Highway Traffic Safety Administration, 32,885 people were killed in motor vehicle traffic crashes in 2010. Thirty-one percent (10,228) of those fatalities involved alcohol-impaired drivers.⦁ Data also shows that 70 percent of alcohol-impaired driving fatalities occurred when the driver’s blood alcohol concentration was .15 grams per deciliter or higher.  The holiday travel continues to be particularly dangerous.  Along with local highway patrols, we could like to remind you that drinking and driving don’t mix.
Auto Insurance is the last thing you’ll want to worry about if you drive drunk.  If you are caught driving while impaired, the consequences could be far reaching.  Aside from being arrested and losing your driving privileges, your insurance rates could increase due to surcharges, court costs, fines, attorney fees, and even job loss for many.
You Can Prevent a Tragedy
⦁ Plan ahead; be sure to designate a sober driver before the party begins.
⦁ If you will be drinking, do not plan on driving.  Even one too many drinks increases the risk of a crash while driving a motor vehicle. Remember that, Buzzed Driving is Drunk Driving.
⦁ If you are impaired, find another way home.  Use a taxi, call a sober friend or family member, use public transportation or [insert your local sober ride program specifics here].
⦁ Be responsible.  If someone you know is drinking, do not let that person get behind the wheel. If you see an impaired driver on the road, contact law enforcement. Your actions may save someone’s life, and inaction could cost a life.
⦁ For more information on Buzzed Driving is Drunk Driving, please visit ⦁ www.TrafficSafetyMarketing.gov.
Remember to be safe while your traveling this July 4th.

Texas Insurance Policy and Pricing changes resulting from hail losses

Auto Insurance, Dallas Insurance Rates, Homeowners Insurance

If you are like most Texans, then your homeowners and auto insurance rates have probably increased recently; leaving you to wonder why.  If you want a scapegoat, then look no further than our wonderful Texas weather.  According to a recent article published in PropertyCasualty360, “…hail storms frequently cause severe property damage…every state is susceptible to hail…”   In fact, the State Farm, one of the nation’s largest auto and home insurers reported paid losses of more than $3.9 billion to its policyholders in 2012 alone. 

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Texas leads all states with 47,000 hail claims in 2012. Now take State Farm’s alarming statistics and combine them with the Texas Department of Insurance statistics and you will notice an alarming trend.

[note style=”white”] According to the Texas department of Insurance, hailstorms accounted for $1.7 billion in statewide-insured losses in 2011. For residents in the Dallas Forth Worth Metroplex, the number are even more shocking. The Dallas-Fort Worth area accounts for $1.2 billion of the state’s total hail losses. [/note]

For those of you living in Dallas and Fort Worth, you may find your home insurance rates going up at a faster rate.  Due to their sheer size and market share, larger companies like State Farm, Allstate, and Farmers will more than likely continue their trends of rate increases coupled with policy limitations.

Expect continued rate actions

As of 2013, Texas insurance consumers should expect a trend of rate increases and policy changes from home insurance providers.  In fact, a number of current and former Farmers policyholders have provided us with copies of their new policies.  We noticed rate increases on many policies and increased wind and hail deductibles on most.  In the cases we examined, Farmers wind & hail deductibles increased from 1% to 1.5% on some and 2.0% on others.  That means for a home with $100,000 dwelling protection limit, their wind & hail deductible increased from $1,000.00 (1%) to 1,500.00 or $2,000.00.

Following weather trends, State Farm has also taken rate increases in excess of 20% for many Dallas and Fort Worth residents.  Citing their profitable 2012 results, consumer advocates continue urging Texas’ largest home insurer to roll back their rate increases from December 2012.   While advocates make valid points about State Farm’s overall profit of 14.4 percent, removing investment returns could paint a different picture of State Farm’s financial position relative to the Texas market.  Look for State Farm to continue their trends of higher rates and renewed focus on making underwriting profits over investment profits.

Rounding out the Texas 3, Allstate had a relatively quiet 2012. The good hands folks continue flying below the radar and out of the site of consumer advocates.  According to PropertyCasulaty360.com, Allstate’s 9.8 percent increase from March 2012 continues to be their most recent and significant change to Texas homeowners.   In 2012, Allstate rolled out their new “House & Home” insurance policy in many states. According the Insurance Journal, Allstate CEO Thomas J. Wilson  stated that their new policy will help the company properly price roofs in particular.  The roll out is scheduled to continue in phases from 2012 to 2014.  When information comes available about changes to their Texas policy, we will post that information online.

Take Control of Your Insurance

As insurance companies step away from their reliance on investment returns and return to their underwriting roots, Texas insurance rate increase could be around for a while.   Texas consumers looking to take control of their insurance policies should begin by looking at insurance holistically rather than in silos.  Shopping for home at one place while shopping for auto protection at another will yield less than desirable rates in most castes.  We compiled these tips to help you get the best rate on homeowners insurance.

Consider Package Pricing

Insurance shoppers will find rate increases more common on policies where no auto discount exists.  When shopping for insurance, shop your auto and home together.  A good home insurance claim history combined with a good driving record could reduce premiums by as much as 30%.  If you are married to Geico or Progressive, expect limited home insurance coverage and options at best.

Maximize Home Discounts

Carrier additional discounts many of the following including: Gated Community, green home, impact resistant roofing, home systems renovations within 10 years, having home alarms and smoke detectors, and remaining claims free.  As companies continue making changes to their policies, expect the discounts to change as well.   Always ask the agent to review coverage discounts.  It helps.

Use Independent Insurance Agents

Using an independent agent or broker can open the door to many insurance carriers that you may have never heard.  A state as large as Texas is home to dozens of home insurance companies that want your business.  Independent agents often have relationships with more than 1 home insurance provider making the job of finding coverage much easier.  Instead of getting one quote per phone call or email, and independent agents can provide you with several quotes from multiple A rated carriers admitted Texas carriers.

Do you have enough auto insurance?

Auto Insurance
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Woman drives through Starbucks window

What do you get when a lady confuses drive for reverse and the gas pedal for the brake pedal?  The result could be damming for your auto insurance.

Quite often I come across people that say they’re safe drivers and they have enough auto insurance.  Even the safest drivers can make mistakes behind the wheel.  Consider my recent trip to a local Dallas coffee shop.  I cannot help but wonder what conversations she had with her insurance agent.

Upon stopping at the coffee shop with I was greeted by a boarded up window.  My first thought was does the driver have enough auto liability?  For this driver, she could potentially have to pay for medical injuries, property damage to the coffee shop, and what else?  Without diving too deep into the business, health, and life insurance ramifications of this claim, let’s just focus on auto insurance.

Getting a cup of coffee

Since driver hopped the curve, and created a new drive through window, the guy sitting in the window probably had injuries.  Luckily for the driver, his injuries were minor scrapes and bruises.  However, how much does it cost to treat his scrapes and bruises?  What if you were the guy hit by the car, would you go to work the next day?  Would you file a claim against your personal health insurance?  Do you have health coverage?

The reality is that driver has no clue what kind of injuries will result from this accident.  If the victim of the accident misses time from work, his lost income will result in a bodily injury liability payout.  In the same accident, the victim’s injuries will add to the bodily injury payout on this accident.  The question remains.  How much liability coverage is enough for this accident?  If this driver has the Texas minimum requirements, she only has $30,000 bodily injury coverage.

Now that we discussed the bodily injury liability, what about the property damage liability?  As you can tell, making a new drive thru window

Starbucks Drive Thru Window

can be quite costly.  In this case, the driver drove through a plate glass window of a coffee shop.  As a result, she damaged all the furniture, the window, wiring, window decorations, and much more.  If she was carrying the Texas minimum coverage, she only had $25,000 of total property damage coverage.  Not to mention,  if the coffee shop had to close for the day, her insurance may be responsible for lost revenues.  Who pays if she the excess if the driver only carries the state minimum?  You guessed it, the driver and owners are responsible for all damages in this case.  While I’m at it, if the coffee shop closes in order to complete repairs, the driver is responsible for that too.

In the end, an accident like this could result in a driver (with minimum limits) paying damages out of pocket.  While the state of Texas only requires you to carry bodily injury liability limits of $30,000 per person, $60,000 per accident and $25,000 property damage, it’s always wise to look at carrying limits above and beyond the state’s requirements.  You never know if you’ll confuse the gas pedal and brake pedal and drive through the window of a coffee shop.

Best Time to Shop for Insurance

Auto Insurance, Homeowners Insurance
header call to actionWhen shopping for insurance in Dallas, whether it’s auto, home, or umbrella, it’s important to keep in mind the policy effective date.   Once you receive a renewal notice, delaying could cost you money.  As a rule of thumb, shopping at least 8 days ahead of renewal gets you the best rates.  While everyone knows that coverage is coverage, the savvy shopper will get better rates if they shop in advance.
Aside from shopping in advance, there are still additional ways to save money on auto insurance.  Other discounts available include multi-policy discounts, discounts for carrying higher limits of liability, and even discounts for low commuting, carpooling, and even pleasure use.  The key is to make sure you complete a thorough review with your agent.
In a recent case, one of our clients auto insurance rates increased by over a $1000 per year.  Since the rate increased was primarily caused by adding an 18 year old teenager and his brand new car, we couldn’t do very much to lower his rates.  As an independent insurance agent, representing more than one insurance company made it possible for us to reduce his auto insurance premium by approximately $400 per year.  In this case we placed the younger driver on his vehicle on a different policy while keeping the coverage the same.    As a result, the family received an auto insurance rate reduction of 20% on the auto insurance.  In  this case he got the same level of coverage for less money.
Next time you have a renewal, check with an independent insurance agent to determine whether you can save money.  If you call me, perhaps I can help you and your family get the same coverage or more coverage for less money.  If you’re like most people, saving money on their auto insurance is a good thing.

Different types of Auto Insurance Policies

Auto Insurance

In my previous posts regarding car insurance, I mentioned the fact insurance policies are very similar. If you purchase insurance from Geico, their policy is similar to Travelers, and Travelers policy is similar to Safeco’s policy, so forth and so on. Well, guess what, if you’re shopping for car insurance today, you’ll quickly realize that this has changed. Insurance companies now offer different policies for different budgets and customer types. As a consumer, understanding the differences between auto insurance policies are more important than ever. Because, purchasing the lowest priced policy could be tragic during a claim.

The Limited Auto Insurance Policy
Recently, a number of Texas auto insurance carriers have developed a limited auto insurance policy. This auto policy limits all the traditional coverages and leads to more denied claims than any other policy type. Some of the limits to these basic policies include the following:

  • No coverage for rental vehicles and temporary substitute auto policies.
  • Coverage exclusions for household members and drivers not listed on the policy.
  • No 30 day grace period for newly acquired vehicles.
  • No coverage if you loan your car to someone else.

Understanding these differences are extremely important; especially if you have friends or family members in your household with bad driving records. Companies that offer the limited auto policies have one rule: “If you live in the household, you must be rated on the policy, otherwise you are excluded from coverage.” In Dallas, these policies are normally sold through agents or agencies that advertise $29 per month policies. If you’re shopping for the cheapest auto insurance policy, then you’ll probably get a limited policy. Buyer beware!

Standard Auto Insurance Policies
Standard auto insurance policies generally fall into the “been there done that category.” This policy type is the most written policy in Texas. The standard policy provides coverage for the car and driver listed on the policy along with drivers given permission to drive a covered automobile. Purchasing a standard auto policy means you get the coverage normally excluded from the limited versions. Standard policies are sold and offered by agents and agencies of all types. Whether your policy comes from Travelers, Safeco, Allstate, or Geico, policies like this are the most commonly sold policy.

Deluxe Auto Policies
When it comes to purchasing a deluxe policy, no two deluxe policies are the same. To differentiate themselves, companies like Allstate, Safeco, Progressive, and The Hartford now offer deluxe versions of their standard policy. These policies offer the same benefits as their standard counterparts with an added bonus. The added coverages include many of the following:

  • Pet Insurance
  • Accident Forgiveness
  • Vanishing deductibles
  • Free roadside assistance
  • Annual (12 month) policies
  • Dividend payouts for maintaining clean records
  • New car replacement programs
  • Guaranteed renewal regardless of the number of claims or accidents

It’s important to realize that each company’s deluxe (or platinum) plan varies from the other. While some companies’ offer platinum benefits at no additional charge, other companies charge more for the added benefits.

With this information, you are armed extremely powerful information. No two auto insurance policies are created equally. Looking for the lowest price could mean that you purchase a limited auto policy. Is this the right policy for you? The next time you’re shopping for insurance, keep in mind that auto insurance now comes in many different shapes and sizes.

Safeco Insurance

Auto Insurance, Homeowners Insurance, Texas Property Insurance

Safeco Insurance Company

Carrier Details
A.M. Best Rating: A

At TXInsurancePro.com, you can buy with confidence, because we research and select only top companies with a proven record of customer service and financial stability.

Why Safeco Insurance?

Safeco has insured drivers and homeowners through independent agents and brokers since 1923. Headquartered in Seattle, Washington, Safeco is a member of Liberty Mutual Group and offers its personal auto and home insurance programs under the nationally recognized Safeco brand. After adding Safeco to their group, Liberty Mutual Group became the fifth largest property and casualty insurer in the U.S. Liberty Mutual Group ranks 94 on the Fortune 500 list of the largest U.S. corporations based on 2007 revenues.

Excellent Customer Service

Safeco offers 24/7 toll-free service for policyholders as well as online access at Safeco’s My Account where you can:

  • pay your insurance bill
  • track a claim
  • view policy documents
  • print insurance ID cards
  • update your name, address and more

Rated A (Excellent) by A.M. Best for Strength and Stability

Safeco receives an A (Excellent) rating from A.M. Best Company, an independent firm that rates the financial strength and performance of insurance companies. An A is one of the highest ratings and means you can trust the stability and endurance of Safeco.

Innovative Online Services

Safeco Claim Service is available 24/7 toll-free from a national network of claims offices. Last year, Safeco representatives helped approximately 1 million families, individuals and businesses with their claims.

  • Quality damage appraisal is available through claims representatives, drive-in service or PACE shops (Premier Auto Claims Experience). PACE is a partnership program between Safeco and selected collision repair facilities. If you choose to have your vehicle repaired at a PACE facility, the repair shop can handle both your damage estimate and repairs.
  • The Safeco President’s Guarantee™ ensures that all repairs completed through a Direct Repair Program, Drive-In Facility, or Glass Network will meet industry professional standards. This guarantee applies as long as you own the vehicle.
  • Safeco OneStop™ Claim Service allows you to drop your car off at a OneStop™ repair shop, drive off with a rental car (if you’ve purchased this coverage) and your claims representative will monitor your repairs and inspect the completed work for you. Safeco OneStop™ Claim Service is now available in Texas.

Valuable Discounts and Coverage Options

Safeco offers many discounts that reward safe drivers. Your TXInsurancePro.com agent can help you get the best rate on your Safeco quote. You can also get the same great Safeco discounts using our easy online quote process.

You may be eligible for these money-saving Safeco discounts and benefits:

  • Safe Driver Discounts
  • Teensurance™ Discounts
  • Good Student Discounts
  • Multi-Policy Discounts
  • Future Renewal Discounts
  • Education Discounts
  • Anti-Lock Brake Discounts
  • Home Owner Discounts

And, your TXInsurancePro.com agent can explain the valuable, optional coverages Safeco offers, such as:

  • Roadside Assistance
  • Rental Reimbursement
  • Gap Coverage
  • Worldwide Rental Coverage
  • Homeowners Insurance
  • Personal Umbrella Policies
  • Specialty/ Classic Vehicle Insurance

Policyholders can call Safeco toll-free 24 hours a day, 7 days a week for Customer Service or Claims Service. Or, securely access your Safeco policy online.