Affordable Lewisville Auto Insurance Quotes

It’s safe to conclude that auto insurance companies don’t want you to compare rates. Insureds who shop around for cheaper rates are likely to move their business because there is a good probability of finding good coverage at a lower price. A recent survey found that drivers who shopped around annually saved as much as $865 a year compared to drivers who never compared rates.

If finding budget-friendly rates on insurance in Lewisville is your objective, then having a good understanding how to find and compare coverages can help make the process easier and more efficient.

The recommended way to get budget car insurance rates in Lewisville is to start comparing rates regularly from insurers who sell auto insurance in Texas.

1. Take a few minutes and learn about how insurance works and the things you can control to prevent expensive coverage. Many factors that result in higher prices such as traffic violations and an imperfect credit rating can be eliminated by making minor changes in your lifestyle. Later in this article we will cover the details to help reduce prices and find additional discounts.
2. Quote rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give prices from a single company like GEICO or Allstate, while agents who are independent can quote prices for a wide range of insurance providers. Compare rates
3. Compare the new rate quotes to your existing coverage to determine if switching companies saves money. If you find better rates and switch companies, verify that coverage does not lapse between policies.
4. Give notification to your agent or company of your intent to cancel the current policy. Submit payment and a signed application for your new coverage. Once coverage is bound, place your new certificate of insurance with your vehicle’s registration.

An important part of this process is to try to compare the same amount of coverage on each quote request and and to compare as many companies as you can. Doing this enables a fair rate comparison and the best price quote selection.

If you already have coverage, you stand a good chance to be able to get lower rates using the ideas you’re about to read. Buying the cheapest insurance in Lewisville is quite easy if you know the best way to do it. But Texas vehicle owners can benefit by having an understanding of how big insurance companies calculate their prices and use this information to your advantage.

Discounts can help to save on insurance

Insurance can cost an arm and a leg, but there are discounts available that could drop your premiums quite a bit. Many discounts should be triggered at the time you complete a quote, but a few need to be asked about prior to receiving the credit.

• Military Rewards – Having an actively deployed family member could qualify you for better prices.
• Early Switch Discount – Some insurance companies reward drivers for buying a policy before your current policy expires. You could save around 10% when you buy Lewisville car insurance online.
• Driver’s Education for Students – Cut your cost by having your teen driver successfully complete driver’s ed class if offered at their school.
• Home Ownership Discount – Just being a homeowner may trigger a policy discount on insurance because owning a home is proof of financial responsibility.
• Pay Early and Save – If you can afford to pay the entire bill rather than spreading payments over time you can actually save on your bill.
• Theft Deterrent System – Cars and trucks optioned with advanced anti-theft systems are stolen less frequently and will qualify for a discount on a Lewisville car insurance quote.

You can save money using discounts, but many deductions do not apply to the entire cost. Some only reduce individual premiums such as comp or med pay. Despite the appearance that you would end up receiving a 100% discount, it doesn’t quite work that way.

A list of companies and a partial list of their discounts are included below.

• The Hartford may have discounts that include air bag, vehicle fuel type, bundle, defensive driver, and driver training.
• American Family offers discounts including TimeAway discount, multi-vehicle, Steer into Savings, mySafetyValet, early bird, good driver, and defensive driver.
• Progressive offers premium reductions for multi-policy, online quote discount, online signing, homeowner, good student, and continuous coverage.
• Travelers policyholders can earn discounts including multi-car, early quote, hybrid/electric vehicle, payment discounts, and continuous insurance.
• Farmers Insurance includes discounts for business and professional, teen driver, homeowner, multi-car, and early shopping.
• USAA offers discounts for multi-policy, loyalty savings, defensive driver, military installation, new vehicle, and multi-vehicle.
• Liberty Mutual discounts include hybrid vehicle, newly retired, multi-car, preferred payment discount, new graduate, and exclusive group savings.

Before purchasing a policy, check with each insurance company how you can save money. Depending on the company, some discounts might not be offered in Lewisville.

Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Rate information does not factor in vehicle location which can change rates considerably.

The quickest method to compare insurance rates from multiple companies is to know the trick most of the larger companies allow for online access to give free rates quotes. To get started, all you need to do is provide a small amount of information like types of safety features, the year, make and model of vehicles, if a SR-22 is needed, and if you have a valid license. That information is submitted instantly to multiple different insurance companies and they respond with quotes very quickly.

To find the cheapest car insurance rates, click here and complete the quick form.

The companies shown below provide price quotes in Lewisville, TX. If multiple companies are shown, we suggest you compare several of them in order to find the lowest rates.

Can’t I get rate quotes from local Lewisville car insurance agents?

Many drivers would prefer to get professional advice from a licensed agent and that can be a great decision An additional benefit of comparing insurance prices online is you may find lower premium rates and still buy from a local agent.

To find an agent, once you fill out this form (opens in new window), your insurance data is instantly submitted to local insurance agents in Lewisville who want to provide quotes for your auto insurance coverage. There is no reason to find an agent since rate quotes are delivered to you directly. You can find the lowest rates without a big time investment. If you wish to quote rates from one company in particular, you just need to jump over to their website and submit a quote form there.

Choosing an insurer is decision based upon more than just a cheap price. The answers to these questions are important, too.

• If your car is totaled, how to they determine the replacement cost?
• Do clients work directly with the agent or are most inquiries handled by a CSR?
• Which insurance company do they prefer to write with?
• Do they have a Better Business Bureau rating in Lewisville?
• Is the agency covered by Errors and Omissions coverage?
• Are they giving you every discount you deserve?
• What are their preferred companies if they are an independent agency?

If you are wanting to purchase auto insurance from local Lewisville agents, there are a couple of types of agencies and how they differ in how they quote coverages. Auto insurance agents are considered either exclusive or independent agents depending on their company appointments.

Exclusive Agencies

Exclusive insurance agents generally can only insure with one company such as AAA, State Farm, Farmers Insurance, and Allstate. They usually cannot give you multiple price quotes so they are skilled at selling on more than just price. Exclusive agents are trained well on their company’s products which helps offset the inability to provide other markets.

Shown below is a list of exclusive agencies in Lewisville willing to provide price quotes.

More insurance agents

Independent Agents (or Brokers)

Independent insurance agents do not write with just one company so as a result can place your coverage with many different companies and find you cheaper rates. If you want to switch companies, the business is moved internally and the insured can keep the same agent. If you are comparing rate quotes, you need to get rate quotes from a few independent agents to get the most accurate price comparison.

Below is a short list of independent agents in Lewisville who can help you get price quotes.

More insurance agents

Three reasons auto insurance is important

Despite the high cost of buying insurance in Lewisville, insurance serves an important purpose.

First, just about all states have mandatory insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability insurance in order to drive the car legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you took out a loan on your vehicle, it’s most likely the lender will require you to buy insurance to guarantee payment of the loan. If you cancel or allow the policy to lapse, the bank may insure your vehicle for a much higher rate and require you to pay for the expensive policy.

Third, auto insurance protects both your car and your assets. It will also cover medical expenses for both you and anyone you injure as the result of an accident. One of the most valuable coverages, liability insurance, also pays expenses related to your legal defense if you are sued as the result of your driving. If damage is caused by hail or an accident, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.

The benefits of carrying enough insurance definitely exceed the price paid, particularly when you have a large claim. According to a 2015 survey, the average American driver is overpaying over $830 a year so shop around at every renewal to ensure rates are inline.

Information about specific coverages

Understanding the coverages of your policy can help you determine appropriate coverage at the best deductibles and correct limits. Car insurance terms can be confusing and reading a policy is terribly boring. Below you’ll find the normal coverages found on most car insurance policies.

UM/UIM (Uninsured/Underinsured Motorist) coverage – This coverage gives you protection when other motorists either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your vehicle.

Since a lot of drivers only carry the minimum required liability limits (30/60/25), their limits can quickly be used up. So UM/UIM coverage is a good idea.

Collision – This coverage covers damage to your vehicle from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like driving through your garage door, rolling your car, hitting a mailbox, backing into a parked car and hitting a parking meter. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.

Medical payments and PIP coverage – Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses like ambulance fees, hospital visits, prosthetic devices, nursing services and pain medications. They can be used to fill the gap from your health insurance program or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is not an option in every state and gives slightly broader coverage than med pay

Comprehensive auto coverage – This coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as hitting a deer, a broken windshield, a tree branch falling on your vehicle, damage from flooding and vandalism. The maximum payout a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Liability coverages – This protects you from damages or injuries you inflict on people or other property that is your fault. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 30/60/25 that translate to a limit of $30,000 per injured person, a per accident bodily injury limit of $60,000, and a limit of $25,000 paid for damaged property.

Liability coverage protects against claims such as court costs, medical services and emergency aid. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as much as you can afford. Texas state law requires minimum liability limits of 30/60/25 but it’s recommended drivers buy higher limits.

The chart below demonstrates why low liability limits may not be high enough to cover claims.

Car insurance claim statistics

Which vehicles tend to have high claims? The statistics below list the best and worst vehicles for the overall chance of having claims for each type of coverage listed.

Find cheap car insurance rates by comparing often

As you prepare to switch companies, make sure you don’t skimp on coverage in order to save money. There are a lot of situations where an insured dropped comprehensive coverage or liability limits only to discover later that they should have had better coverage. Your strategy should be to buy a smart amount of coverage at the best possible price.

Lower-priced car insurance in Lewisville is possible on the web and from local insurance agents, so you should compare both in order to have the best chance of saving money. Some companies may not provide price quotes online and these smaller companies work with independent insurance agencies.

For more information, feel free to browse the articles below:

• Teen Driving Statistics (GEICO)
• Who Has Affordable Dallas Car Insurance Quotes for Business Use? (FAQ)
• How Much is Dallas Auto Insurance for a GMC Sierra? (FAQ)
• Who Has Cheap Dallas Auto Insurance Quotes for a Dodge Journey? (FAQ)
• What is Gap Insurance? (Insurance Information Institute)
• Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)
• Alcohol Impaired Driving FAQ (iihs.org)
• How Can I Save Money on Auto Insurance? (Insurance Information Institute)