Stop overspending on your home insurance policy in Highland Village, TX! By understanding the different factors that can impact your rates, it is possible to cut the costs and find ways to save on your current policy.
Improve Your Credit Rating
Your historical information will always play a role in the costs that you are offered. Insurance providers will use your credit history, as well as any historical data related to previous homes or policies that you have purchased in the past, to determine if you are likely to file a claim.
Although it is important to compare quotes from several insurance providers, having a good credit score can help reduce the rates that you are offered.
Reduce the Risks
The risks that may impact your rates can vary between insurance providers; however, certain risks will often increase your rates. If you have a pool, then it may be wise to put a fense that can lock around the pool area. If the house does not yet have a security system, then having a security system installed can help reduce your risks.
Costs associated with home insurance can relate to the risks. Although certain risks, like earthquakes or wild fires, are beyond your personal control, you can help reduce your costs by reducing the risks that are within your control.
Update the House
If the house is more than 10 years old, then you may need to put in a little updating. A new roof, updated plumbing or updated electrical wiring can help reduce your rates.
Several factors can contribute to the rates that you are offered for your house, including your historical information and the age of the house. To learn more about saving on your policy, contact us to talk to an agent today.
Insuring your classic car poses a few extra challenges than buying car insurance for any old beater. The differences in coverage can be dramatic, and depending on exactly how you plan to use your classic, your options will vary.
You'll want a different type of policy, for example, if you plan to drive that classic every day than if you're just taking it on a Sunday drive through the Texas countryside once a month or to local auto shows. Here's what you need to know when choosing your policy.
What's the difference? Classic vs. Standard Policies
Classic policies recognize that your vehicle is worth more than the sum of its parts. An agreed value policy, popular for classic car owners, allows you to agree with your agent on the value of the car if totaled; this can result in higher premiums but also covers your investment beyond the basic repairs if something terrible happens.
However, classic car policies are not generally intended for everyday vehicle use. Some may limit the amount of mileage you can put on the vehicle. You'll likely be asked if you have another car you intend to use for everyday purposes; if so, your classic car insurance rates will be significantly lower.
Maintaining Adequate Coverage
If you can't commit to driving 5,000 miles or less each year (or whatever that classic car policy stipulates), you might end up buying a standard car insurance policy with enough coverage to keep your classic protected. A standard policy can cost a bit more, but it also depends on the make and model; a high-performance classic Porsche will require a bit more coverage than a 1960 VW Beetle.
Whenever you complete a restoration project, make sure you notify your agent. The more you increase your car's value, the more coverage you (might) need to purchase to make sure it's covered. Talking to our independent agents is a great first step to compare quotes on both classic and standard auto insurance policies, so it's easier for you to tell what exactly your options are.