What Is The Difference Between Liability And Full Coverage Auto Insurance?

Liability coverage can be thought of as the minimum amount of coverage that you must purchase to drive legally in the United States. Full coverage, on the other hand, typically includes liability coverage as well as other types of coverage such as comprehensive, medical, and bodily injury coverage. Consult with All-Tex Insurance in Granbury, TX for expert insurance advice.

More on Liability and Full Coverage Auto Insurance 

Liability coverage only protects you from financial responsibility if you cause an accident. Let’s say that if you’re driving to work and rear-end a car at a stoplight, the other driver will likely want to be compensated for the damages to their car. If they’re hurt they may want compensation for medical bills. These expenditures will be partially covered by liability coverage. 

Full coverage protects you against legal responsibility as well as material damage to your vehicle. Your liability insurance will pay for any damages you make to another person or their property, regardless of the person at fault. 

Full coverage or “all hazard” coverage includes liability coverage and often comes with additional cost. It may include things like emergency medical expenses, towing and rental car expenses, or a hotel stay if you’re repairing the car. 

Some full coverage policies include things like trip interruption coverage, or even lost wages if you are unable to work because of an accident. These benefits are often only available if you purchase them as an add-on to your policy. 

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Full coverage auto insurance includes liability coverage, but it also includes coverage for things like towing, rental car, and medical expenses if you are in an accident that wasn’t your fault. 

Many experts recommend that you have at least liability coverage on your policy, but it’s especially important if your car has high value or you have family members riding in it. You can usually increase your liability limits for a small monthly premium. Get expert insurance advice by contacting our agents at All-Tex Insurance in Granbury, TX.

Why You Should Bundle Your Home and Auto Insurance

Most people have multiple insurance policies for the things in their lives. They may have renter’s or homeowner’s insurance. They may have insurance for their vehicle. If they have recreational vehicles, they may have insurance for that. If you have multiple policies, you might want to consider bundling your insurance policies.

It is often cheaper to bundle your different insurances. Many companies will decrease the cost if you bundle more than one type of insurance. Some companies will knock off up to twenty-five percent of the policy in order to get you to do more business with them! 

It is also easier to have one insurance company, instead of having multiples. This will allow you to see your plans, make claims, and pay your fee all in one place! If you would rather have automatic payments, you will have fewer places to store your personal information. 

If you have multiple policies, you will be more likely to be dropped by your insurance company. Most companies will drop those who file a lot of claims. You should only file a claim every few years. More than that, you could get dropped. However, they are less likely to drop you if you have multiple policies with them. 

Many people shop around when they look for insurance for their needs. They consider bundling and going with one company for all of their needs. This is often easier and cheaper! 

If you want to talk about bundling your home and auto insurance (or any other insurance), don’t hesitate to contact us today at All-Tex Insurance in Granbury, TX.

How Much Auto Insurance Should I Buy?

You faithfully renew your car insurance every year, but have you thought about the amount of car insurance you need? Is your auto insurance enough to pay for your SUV’s damage when your teenage son drives it through a garage? Will your car insurance cover you sufficiently if you cause bodily injury to a pedestrian?

If you are unsure about how much auto insurance you need, keep reading as All-Tex Insurance of Granbury, TX sheds more light on the amount of car insurance sufficient for you.

Minimum auto insurance required in Texas

Before going far, let’s first explore the basic auto insurance required by Texas. The state-required auto insurance forms the minimum amount of car insurance you should hold at any given time. In Texas, motorists are required to have auto insurance that meets the below requirements:

  • Bodily injury liability of a minimum of $30,000 per person and twice the amount for accidents involving many victims
  • Property damage liability of $25,000 per accident
  • PIP of $2,500 though you can reject in writing

As you can see, the limits for the state-required auto insurance coverage are limited. It’s for this reason we ask our clients to increase limits.

How much liability insurance should I have?

The amount of liability coverage you should have should assume the worst-case scenario: a severe accident. Though liability insurance doesn’t protect your car, it cushions your finances. We usually advise clients to have a combined bodily injury and property damage liability of at least $500,000. However, should you require additional coverage, we recommend you invest in umbrella insurance.

How much collision or comprehensive coverage should you have?

How many repairs can you handle without insurance in case of an accident or a peril like a hailstorm? But what about a total loss? Can you handle the replacement of your car out-of-pocket? When deciding how much collision and comprehensive coverage you need, think about the work case scenario: a total loss. Then, get coverage that covers you beyond what you can handle from the pocket.

Are you ready for car insurance in Granbury, TX? Don’t hesitate to contact All-Tex Insurance for an affordable quote.

Why basic auto insurance isn’t always the right choice

In the state of Texas, you don’t actually need to have auto insurance; you do however have to prove that you could pay for any damage that you might cause in an accident where you are at fault. For the average person, the easiest way to prove that is to actually have insurance.  At All-Tex Insurance in Granbury, TX, we are locally owned and operated and work with multiple carriers to provide our customers with the most choices at the best prices. 

The basic amount of liability coverage you should have in Texas is 30/60/25. That is $30,000 for injuries sustained by the first injured person in an accident with a max of $60,000 for all injuries and $25,000 for damage to property. Why this might not be the right choice is that with the steep rise in medical costs, it doesn’t take long to blow through $60,000. If the cost of the injuries goes over that, you could be paying out of pocket which might prove to be a hardship. Why put your hard-earned assets at risk? 

While liability coverage protects others from you, what about your vehicle? If it is damaged in an accident where you are at fault, you will need to pay for the repairs or possibly the replacement of your vehicle. If you still owe on your vehicle, you are liable for that as well. If you have collision coverage, it will pay to have your vehicle repaired or replaced so that you can carry on normally. 

What if your vehicle is stolen or damaged by something that is beyond your control. Again, you would be responsible to repair or replace it. Not everyone can afford to do that.  When you count on your vehicle every day, you need to make sure you have more than basic auto insurance. 

Contact All-Tex Insurance in Granbury, TX when you are ready to discuss your auto insurance needs. 

Spring Auto Insurance Facts to Remember While Researching Future Coverage

All-Tex Insurance provides coverage to the Granbury, TX community. We strive to make sure that our clients find the policies they need to be prepared for whatever challenges life throws their way. We assess each of our client’s personal situations so that we can offer them a custom policy. We are confident that we can help you regardless of your individual needs.  

Auto Insurance Facts To Remember in Spring

Auto insurance covers you and your vehicle as you navigate the ever-changing road conditions daily. Driving is unpredictable, as accidents can happen at any time. Auto insurance ensures that you’ll be prepared if something unexpected happens. The policy covers your vehicle if it suffers damage due to a collision. Liability coverage protects you if you are ruled to be at fault for the collision. As you are researching coverage, think about the seasonal adjustments that you’ll have to make, such as during the Fall.

Potential Theft

Research shows that auto theft crimes rise during the Fall. Comprehensive coverage protects you if you are a victim of auto theft.

Potential Animal Collisions

As you drive through Granbury, TX in the Spring, you may see deer and other animals. It’s important to stay alert, as hitting one of those animals can cause significant damage to your vehicle.

Rear-End Collisions

Rear-end collisions are common during the Fall, especially at places like the mall. If you’re heading to a popular mall to do some shopping, make sure that you avoid parking in tight spaces. That will reduce the chances of you being involved in a collision.

All-Tex Insurance Will Help You Find Coverage

Visit our website to learn more information about auto insurance.

Why should I get auto insurance in Texas?

The Granbury, TX area is a great place for anyone to live. At the same time, those who are here will find that they need to have a car to get around town. As you are in the market for a new car, you should also look for insurance. There are many reasons people here need this coverage. 

Insurance is a Legal Requirement

It would be best to get auto insurance when you are in Texas because it is a legal requirement. When you are a car owner and driver in the state, you will have liability rules and regulations that need to be met. When you are looking for a new policy, you need to ensure that you meet these basic requirements. If you do not have this coverage, you could face some serious penalties.

Insurance Protects Your Vehicle

As you are shopping for a car, you will find that the purchase price can be significant. Due to this significant investment and the fact that your car is a necessity, you will want to ensure that you are properly protected with auto insurance. When you get a full policy, it will include coverage that will help you replace or repair the car following an accident, theft, or other forms of damage. 

Getting a new auto insurance policy in Texas is always a good idea. When you are in the market for your next policy, it would be a good idea for you to call the team at All-Tex Insurance. Those in the Granbury, TX area and work with All-Tex Insurance will get the support needed to choose the best policy for their personal situation. 

How Much Liability Coverage Do I Need

Every state – except for New Hampshire – requires that motorists carry liability insurance. For those that aren’t in the know, liability auto coverage helps pay for damage that you cause to another person or property. Your auto insurance policy will distinguish between both bodily injury liability – the amount paid to a third party for any medical bills or damages related to an injury – and property damage liability. Keep in mind that when you purchase an auto insurance policy, you will be able to choose how much liability coverage you want with the general rule of thumb of the more, the better. If your maximum bodily injury liability coverage is $100,000, then any amount over that becomes your responsibility to pay.

Since liability insurance is designed to protect your finances when you are responsible for an accident, it is imperative to have enough to cover your net worth. Therefore, start by determining your net worth, which includes any property you own, investment accounts, retirement savings, college savings, savings accounts, and more. Once you total those figures, you’ll have a better idea of how much money you are worth on paper, which is what you stand to lose if you are ever sued in an accident. While it can be tempting to choose the minimum required liability coverage because this will be the cheapest option, it may not be the best choice for every individual. Consequently, working with a reputable insurance agency can help ensure that your needs are being met.

At All-Tex Insurance in Granbury, TX, our team of auto insurance professionals knows the industry inside and out. As a result, we are the perfect agency to help you find the right policy for your needs. By taking the time to learn about our customers and educate them on the available policies, we help ensure your complete satisfaction.