The rates you will pay for auto insurance in Texas depend primarily on your personal profile and the risk category that fits you best. If you are on a tight budget and need to buy car insurance in Texas, the following are a few tips and things to know about getting the most mileage out of Texas car insurance.
Profiling for Risk
When a car insurance company in Texas assesses the risk to insure an individual, they look at a number of different categories and how well you fit into each. You are judged based on age, gender, where you live, the type of car you drive, your marital status, accident history, overall driving record, how many miles you drive each year and even your credit score.
The Best Rates
To understand how premiums are determined, it is helpful to identify the situation in which one would pay the lowest premium. Typically, the ideal candidate for the best rates and coverage would be a female that is married, over 25 and living in a rural area. She would drive an older, not very expensive car and not drive more than 10,000 miles per year. She would have an impeccable driving record with no moving violations and have no chargeable accidents on her record. To complete the profile, the applicant would have an excellent credit or FICO score of 700 or more.
How Can the Average Guy Get a Better Rate?
Suppose you do not fit neatly into the above categories? Can you still get a lower premium on your Texas auto insurance? You can always choose a higher deductible on your comprehensive and collision coverage to shave a few dollars off your monthly premium. Paying your premium in full will save you the extra installment charges and sometimes give you an additional discount. Lowering your high limit coverage may also be an option to explore. Sometimes you can get discounts for driving a car with extra safety and anti-theft features like airbags, ABS brakes and an alarm. If you bundle two or more policies or insure two or more cars with the same insurance company, you may also get a discount. Finally, insurance companies like to reward loyal customers. As long as your insurance company has competitive rates, it pays to stay with them over the years and not switch back and forth among different insurers.