Auto Insurance for East Texas
What is auto insurance?
A key reason for having auto insurance is that it protects you against financial loss in an accident. It is a contract between you and the insurance company. In other words, you agree to pay a policy premium and the insurance company agrees to pay your losses. Of course, reimbursement for your losses varies according to the type of policy you have. And, as a premier provider of auto insurance for East Texas, East Texas Insurance has you covered so you can rest easy.
Auto insurance provides property, liability and medical coverage:
- Property coverage pays for damage to or theft of your car.
- Liability coverage pays for your legal responsibility to others for bodily injury or property damage.
- Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.
Am I required to have auto insurance?
For the most part, an auto insurance policy is made up of six kinds of coverage. Most states require you to buy some, but not all, of these coverages. In addition, other circumstances may require proof of insurance. So, if you’re financing a car, your lender may also have insurance requirements, for example.
Most auto policies are for six months or a year. But, a reputable and dependable insurance company should notify you by mail when it’s time to renew the policy and to pay your premium.
Why do you need auto insurance?
Above all, it’s really all about protecting yourself financially.
- If you’re in an accident or your car is stolen it can cost a lot of money to fix or replace it.
- Injuries to yourself, or any passengers in an auto accident, can be extremely expensive in terms of medical costs.
- If you or your car causes damage or injury to others, you may be sued for much more than you’re worth.
- Not only is having insurance a good financial decision, many states require you to have at least some coverage.
Questions to ask your agent
A good agent will work hard to find an auto insurance policy that meets your specific needs. Here are just a few things to consider in your discussion:
- How much can you afford to pay if you get in an accident? To keep premiums low, you may want to have a higher deductible and be willing to pay more for repairs.
- What is the insurance company’s level of service and ability to pay claims?
- Are additional discounts available? For example, ask about good driver, multiple policy and student discounts.
- In all cases, what’s the procedure for filing and settling a claim? (Ask who to call and what happens after you file a claim.)