You might be able to temporarily cut your Texas car insurance costs in half if you aren’t financing or leasing your car. Liability insurance is a requirement in Texas, so you’ll have to maintain a liability policy to keep your car registered. Check with your loan or lease provider before making any changes to your auto insurance policy to avoid defaulting on your contract. Keep in mind that accidents are never planned, so having an adequate policy in place can protect your finances in the event of an accident. Increase your car insurance coverage again when you can afford to do so.
- Increase your deductible. A deductible is your out-of-pocket responsibility for vehicle repairs or market value replacement if you’re at-fault in an accident.
- Drop your collision coverage. A collision policy is the most expensive you can purchase. This change alone significantly decreases your cost.
- Decrease your bodily injury and property damage limits. If your policy has increased limits, drop them to Texas state minimums.
- Remove policy add-ons. Optional items, such as windshield replacement, rental car coverage or roadside assistance cost extra money.
- Shop providers. Make sure your current insurance company is providing you with a competitively priced policy. If not, switch to a provider that offers more discounts or cheaper policy cost.
- Ask for discounts. You might be eligible for a discount if you’re a homeowner, college graduate or if you insure more than one policy with the same company.
- Take a defensive driver course to reduce license points or to obtain an automatic car insurance discount.