Auto Insurance in Texas: What You Need to Know

Auto insurance in Texas is not optional — it’s required by state law. Drivers in Richardson, TX should be aware of the coverage required and Allegiance Insurance Agency is here to help.

As one of the largest states in the country, Texas roads see tons of travelers each day, and having the proper insurance coverage will give you peace of mind every time you get in your car to drive somewhere, no matter if you’re going two blocks away or for a 3-hour road trip.

You can really only control your own awareness while on the road and driving skill levels; this is where auto insurance steps in and provides the full protection that all Texas drivers need. 

Liability coverage is another requirement in Texas. Liability means in the event that you cause an accident and another car is damaged or totaled in the process, you’ll be covered. 

You can also invest in collision insurance and comprehensive coverage, two great options for drivers in Richardson TX to offer full protection and peace of mind every time you get in the car. 

Another reason to invest in a quality auto insurance plan is for the other drivers in your home. Whether your spouse or partner often drives, or you have teen drivers in the home, it’s important that everyone is covered. 

Allegiance Insurance Agency is here to help residents in the Richardson, TX area to find the ideal auto insurance policy. We’ll work alongside you to ensure your needs are met and you feel comfortable with the coverage you have. 

When driving in Texas, the last thing you want to worry about is getting injured in an accident or totaling your vehicle. An auto insurance policy can alleviate that worry. 

Insuring Your Classic Car in Richardson, TX

Do you have a classic or collector’s vehicle in Richardson, TX? Have you thought about classic car insurance? While classic car insurance might sound like a new terminology, it functions similar to your standard auto insurance but with a few differences.

Need to find out how classic car insurance works? Allegiance Insurance Agency is here to guide you.

What is a classic car?

People have different opinions about what constitutes a classic car, but generally, a classic car refers to any vehicle manufactured before 1990. So a 1957 Corvette or a 1932 Ford Roadster qualifies to be a classic vehicle. To note is that classic cars don’t only refer to cars only. The below categories can fall under classic car insurance. These include:

  • Trucks
  • Antique cars
  • Antique bikes
  • Exotic and muscle cars
  • Classic military vehicles
  • Custom and race cars

What’s unique about classic car insurance?

Just like your standard auto insurance, classic car insurance includes typical coverages like liability, comprehensive, collision, uninsured, and collision coverages. However, when it comes to compensating you in case of a total loss, that’s where there is a difference. You see, unlike your standard vehicle that depreciates from the moment you drive off the lot, a classic car appreciates in value. With this in mind, you need a special insurance policy – classic car insurance – that protects the actual value of your vehicle.

And speaking of compensation, you need to understand the below values regarding classic cars:

  • Agreed value: This is a predetermined dollar amount between you and your insurance company. In case of a total loss, you are paid this amount less the deductibles.
  • Stated value: This is the amount (with documentation support) you tell the insurer that your classic car is worth.

If confused about the best value for your classic car, the agreed value is the best as it cushions you from any financial loss when your vehicle is totaled.

Buy classic car insurance today!

Are you looking for an affordable classic car insurance plan in Richardson, TX? Please contact Allegiance Insurance Agency for a competitive quote.