Drivers in Texas all have one thing in common, they are all in need of car insurance. By law, all motorists must possess a minimum amount of liability coverage that helps protect against both bodily injury and property damage in the event of an accident. For those looking for additional protection, there are a variety of auto insurance options available. One of the most attractive options providing an extra layer of protection is full coverage car insurance. While the term “full coverage” is less of a product and more of an idea, drivers who receive such protection are actually combining their liability coverages with collision and comprehensive coverage.
When you are in an accident and at fault, your liability coverage will help pay to restore the loss of another party’s property as well as their medical expenses. Your coverage will not, however, restore losses incurred by you. You’ll need to either pay out of pocket or rely on another form of coverage. A collision policy will pay for repairs to your vehicle regardless of fault and comprehensive auto coverage is protection against the unexpected such as hitting an animal or a tree branch falling on your car. Both collision and comprehensive policies come with deductibles that must be met before reimbursement will be issued.
Who Has The Cheapest Full Coverage Car Insurance?
Finding the cheapest full coverage provider can be complicated. Every driver is different and every insurance provider has their differences as well. The way your car insurance premium is created is by assessing risk. Your insurance provider will determine how much risk you pose as a client and create a premium based on enrolling you as a client. Here are a few of the most common factors auto insurance brands will look at in the state of Texas:
- Your age and gender.
- Your driving record and your claims history.
- Where you live and drive.
- The type of vehicle you drive and how it is used.
- Your marital status.
- The number of insurance coverages you enroll in.
- Your insurance score is comprised of various measures such as your credit score.
Of course, there are more examples, but these are some of the core factors that will affect your insurance rate. Some of these rates you can affect and other factors are outside of your control. Together, any insurance provider will assess these risks and create a premium that reflects the risk involved.
Unfortunately for drivers, this is only the beginning of the complications because while each insurance agency will assess your risk, they also all do it differently. Various proprietary calculations and algorithms are applied to your personal factors creating a range of rates for coverage. This is why different insurance companies will deliver different quotes for the same driver.
To sum things up, the cheapest full coverage car insurance you can find will vary. That’s why we always advocate for comparison shopping. By looking around and assessing the range of premium rates you can receive for your protection, you’ll be able to find the lowest price on the market for the exact coverage you require.
Saving On Full Coverage for Young Drivers
Above all else, age is the largest factor that will determine how much you’ll pay for auto insurance. Younger drivers are involved in more car accidents than any other demographic. There are many reasons for this with one of the biggest simply being inexperience. A driver who has only been on the road for a year or two is bound to have less experience than a seasoned veteran who has been driving for 20-30 years.
Full coverage for young drivers can be a costly endeavor because it is combining a variety of policies all for the most expensive demographic to insure. With that said, it doesn’t mean that there aren’t options. If anything, you can make a case that younger drivers are some of the motorists that can benefit from full coverage auto policies the most, and saving on good protection is possible. Take a look at some of the ways younger drivers can help keep their premiums lower:
- Good Student Discount- Getting good grades can help young drivers do more than excel academically. If your child is enrolled in school and is doing well in their education, they may be eligible for a discount.
- Safe Driving Discount- Driving safe is good for everyone on the road. Safe driving helps you avoid accidents, moving violations, etc. Insurance providers often discount drivers for driving safely as they are less likely to be involved in an accident and submit a claim.
- Multi-policy Discount- Many young drivers are also on policies with other members of their families. Having multiple vehicles under the same insurance brand can help you receive a lower rate, overall.
- Discounts From Bundling- Aside from comparison shopping, bundling is one of the most powerful tools drivers have for lowering their bills. Whether you are a homeowner or a renter, you can bundle your home insurance or renters insurance policies with your auto policy to save more.
- Military Discount- Serving the United States is an honorable path and many insurance providers provide discounts for those in the military. Young drivers who are in the armed forces may save money depending on the insurance provider they enroll with.
Though not everyone may qualify for every discount, there are many different options available. Knowing how to save is the first step towards achieving affordable full coverage for young drivers.
Drivers Who Can Benefit From Full Coverage Auto Insurance
Texas doesn’t make drivers carry full coverage auto insurance, but there are many benefits to holding this protection. If you are accident-prone or live in an area where your vehicle could be exposed to weather-related damage, full coverage can be an attractive option. Young drivers who are inexperienced and more likely to get in an accident can benefit from full coverage as well.
If you are leasing a vehicle or purchasing one through financing, you may also be required to hold full coverage as a condition of the lease or loan. Reviewing your needs and risks with a licensed insurance agent can help you best understand if full coverage is the right protection for your needs.
Can You Get Full Coverage Insurance Without a Car?
Yes, drivers can receive insurance without owning a car, but the terms and conditions will vary. Some insurance providers may require that no one else in your household own a vehicle. You’ll also need to show that although you do not own a car, you are a licensed driver. If you are seeking non-owner car insurance, however, full coverage may not be necessary. Your best course of action is to ask an agent to go over your coverage needs and discover the best type of coverage to keep your risks minimized.
Purchase Your Full Coverage Car Insurance for Less
We believe in comparison shopping because it works. However, we understand that this can be a time-consuming endeavor for most drivers. This is why we’ve partnered with more than 25 top-rated insurance providers to help streamline the process for our clients.
Freedom Insurance Group prides itself on providing excellent customer service and delivering quick results. We help our clients save an average of 40% by shopping their coverage among our insurance partners who are all strongly rated and capable of providing top-notch financial protection. Since 2005, we’ve been helping Texans stay protected on the road. Our agents can instantly shop among our providers to deliver personalized coverage at the lowest price available.
Full coverage will cost more than the state minimum but provides far more coverage. Contact us today and receive cheap full coverage car insurance that won’t have you overpaying for protection. You can also use our free auto insurance quote tool for a quick, accurate estimate of your vehicle’s coverage.