How Do I Know How Much Auto Coverage I Really Need?

When you are looking to purchase an auto insurance policy, you may quickly find that the coverage every policy provides you is different. There are so many different coverages amounts that you may get confused and find yourself wondering how much auto coverage you need. Unfortunately, it can be tough to figure out exactly what you need. However, here is some information you should know when selecting coverage levels.

The first thing you should consider is whether you can afford to replace your car if it is damaged or in an accident. If you can’t or don’t want to pay for a new car out of pocket, you need to have full coverage. This protects your car if you cause an accident, are hit by an uninsured or underinsured driver or if your vehicle is vandalized. Also, consider how much of a deductible you can afford. 

The next thing you need to keep in mind is that if you are at fault for an accident, another driver can personally come after you for anything beyond what your auto insurance policy covers. As such, you need a plan that will fully cover you and protect your assets if you are ever involved in a severe auto accident.

Determining the exact amount of auto coverage that you need can be challenging. But Allegiance Insurance Agency, serving the greater Richardson, TX area can help. Our trained professionals can take a look at your overall financial situation and auto situation and determine the best policy amounts for you. Give us a call today to get started.

Odd Facts That Can Influence Your Home Insurance

There are many responsibilities that come with owning a home and having the right insurance is part of it. Understanding your home insurance is tricky enough, but there are actually some odd facts that can also impact your homeowner’s insurance. To help navigate the waters better, the experts at Allegiance Insurance Agency in Richardson, TX have put together a short list of some factors that you may not have known.

Fire Hydrants

Because insurance is all about probability and possibility, having a fire hydrant in your front yard will yield lower insurance premiums. The thought process is that in the event of a fire, firemen will have easier access to water than if they have to go down the street for the closest hydrant.

Marital Status

In the eyes of insurance companies being married may imply that you are more responsible. Typically, single homeowners file more insurance claims than those that are married. If you are married and insuring your home, you can expect to see lower premiums. Often, married couples can also take advantage of getting multiple policies through the same insurer and can take advantage of potential savings. 

Age

Your age has a big impact on your home insurance.  People at insurance companies examine what typical insurance claims look like for different age groups and a number of claims each age group typically files. If you are younger you may partake in riskier behavior. Older people though may be more negligent about general maintenance and upkeep on the home. Just like with other types of insurance, expect the home insurance premiums to fluctuate with age.

Home insurance can be difficult to understand, but luckily for Richardson, TX residence, the experts at Allegiance Insurance Agency can help. Whether you are looking for new insurance or are looking to update your current home insurance, we are here to assist.