How many times have you said it’s time to compare lower-priced auto insurance rates in El Paso, TX? El Paso drivers have lots of choices when trying to find the lowest priced Ford GT insurance. You can either waste hours calling around getting price quotes or save time using the internet to make rate comparisons.
There is a right way and a wrong way to compare auto insurance rates and you need to know the proper way to get price quotes for a new or used Ford and locate the cheapest rates.
It’s a good habit to compare prices yearly due to the fact that insurance prices change frequently. Just because you had the best rate on Ford GT insurance in El Paso a couple years back you can probably find a lower rate today. There is a lot of bad advice regarding GT insurance online but in just a couple of minutes you can learn some great ways to buy auto insurance cheaper in El Paso.
What is the best auto insurance company in Texas?
Ending up with the best auto insurance provider can be rather challenging considering how many different companies insure vehicles in El Paso. The ranking information in the next section can help you select which auto insurance companies to look at shopping prices with.
Top 10 El Paso Car Insurance Companies Ranked by Customer Service
- USAA
- Travelers
- Mercury Insurance
- AAA Insurance
- Nationwide
- Safeco Insurance
- Progressive
- State Farm
- The Hartford
- The General
Car insurance coverage considerations
Knowing the specifics of a car insurance policy can help you determine the right coverages for your vehicles. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Listed below are typical coverages offered by car insurance companies.
Collision – This covers damage to your GT resulting from colliding with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision can pay for things like crashing into a building, colliding with a tree, hitting a mailbox, hitting a parking meter and colliding with another moving vehicle. Collision is rather expensive coverage, so consider dropping it from older vehicles. You can also bump up the deductible on your GT to bring the cost down.
Uninsured and underinsured coverage – Your UM/UIM coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family and damage to your Ford GT.
Due to the fact that many Texas drivers carry very low liability coverage limits (which is 30/60/25), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently the UM/UIM limits are identical to your policy’s liability coverage.
Liability – Liability insurance protects you from damages or injuries you inflict on people or other property in an accident. This coverage protects you against claims from other people, and doesn’t cover damage to your own property or vehicle.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 30/60/25 that translate to a limit of $30,000 per injured person, a limit of $60,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have a combined limit which combines the three limits into one amount without having the split limit caps.
Liability coverage protects against claims such as structural damage, bail bonds, repair bills for other people’s vehicles and emergency aid. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible. Texas state law requires minimum liability limits of 30/60/25 but you should consider buying more liability than the minimum.
The illustration below demonstrates why buying low liability limits may not be enough.
Coverage for medical payments – Coverage for medical payments and/or PIP kick in for immediate expenses for things like pain medications, X-ray expenses and prosthetic devices. The coverages can be utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay
Comprehensive coverages – This coverage pays for damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against claims like theft, hitting a bird, rock chips in glass and hail damage. The maximum amount your car insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Compare auto insurance rates regularly to save
We just covered a lot of ways to find affordable Ford GT insurance in El Paso. The key concept to understand is the more you quote El Paso auto insurance, the better likelihood of getting the cheapest Ford GT rate quotes. Drivers may even discover the lowest car insurance rates are with the smaller companies. These smaller insurers may cover specific market segments cheaper than the large multi-state companies such as Allstate, GEICO and Progressive.
When trying to cut insurance costs, it’s very important that you do not reduce coverage to reduce premium. In too many instances, an insured cut liability limits or collision coverage and found out when filing a claim that it was a big error on their part. Your strategy should be to buy a smart amount of coverage at the lowest possible cost but still have enough coverage for asset protection.
Lower-priced auto insurance in El Paso can be found from both online companies and from local agencies, and you should compare rates from both to have the best selection. Some insurance companies may not have rate quotes online and most of the time these smaller providers only sell through independent insurance agents.
How to find low-cost Ford GT insurance in El Paso
If your goal is the lowest price, then the best way to find low-cost Ford GT insurance is to compare prices annually from insurers who provide car insurance in El Paso. You can compare rates by completing these steps.
Step 1: Get an understanding of the coverage provided by your policy and the measures you can control to keep rates low. Many factors that cause rate increases like accidents, traffic violations, and a poor credit score can be rectified by improving your driving habits or financial responsibility.
Step 2: Get rate quotes from direct, independent, and exclusive agents. Exclusive and direct companies can provide rates from a single company like GEICO or Allstate, while agents who are independent can provide price quotes from multiple sources.
Step 3: Compare the new rates to your existing rates and determine if there is any savings. If you find a lower rate and make a switch, verify that coverage does not lapse between policies.
The key aspect of shopping around is to try to compare identical coverage information on each price quote and and to get price quotes from every company you can. This provides a fair rate comparison and the best price selection.
To read more, feel free to browse the following helpful articles:
- Determining Your Vehicle’s Value and Repair Cost (Insurance Information Institute)
- Where can I buy Insurance? (Insurance Information Institute)
- State Laws for Cellphones and Texting (iihs.org)
- Teen Driver Statistics (Insurance Information Institute)
- Car Insurance: When not to Skimp (BankRate.com)