Texas Auto Insurance

Nearly every Texas driver has to carry car insurance. The law requires it. As an insurance agent, you have to make sure auto policy applicants get the appropriate coverage.

Let Quantum Alliance assist you in acquiring top-rated car insurance policy options that will support your clients' satisfaction and aid in your own agency's retention and growth.

What Policies Should I Offer?

By law, Texas car insurance agents must offer certain coverage on all policies:

• Texas law requires all registered vehicles to have auto liability coverage.
• All agents must offer PIP insurance to policy applicants. However, clients can decline it.

You also can offer various other types of protection to better suit a client's personal needs. Properly-tailored coverage will protect the driver, their car and even other people in case of serious incidents.

Liability Insurance

As an at-fault insurance state, Texas requires drivers who cause accidents (the at-fault driver) to cover the damage costs. Liability insurance can help them pay for the harm they cause other drivers.

• Property Damage Liability (PDL) coverage helps others pay for their property damage.
• Bodily Injury Liability (BIL) coverage pays for the medical bills of those injured in the wreck.

All policies must offer, and all drivers must carry, at least the following coverage:

• $30,000 bodily injury coverage per injured person
• $60,000 bodily injury coverage total per accident (two or more injured parties)
• $25,000 property damage liability coverage

Many policies offer liability coverage of well over $100,000 per BIL or PDL limit. If you offer policies with higher liability limits, you will afford qualifying drivers more money if claims arise.

PIP Insurance

All Texas insurance agents must offer policyholders at least $2,500 in personal injury protection (PIP) coverage. Clients can decline the coverage, though it is advisable that they buy it. The coverage will pay for the insured's medical bills, and also can cover things like rehab costs, supplemental income and even death benefits, in the event of accidents.

Uninsured/Underinsured Coverage

Clients can buy coverage on their own policy that will pay them if another at-fault driver lacks the appropriate liability insurance for the insured's own losses.

• Uninsured coverage will pay if another driver does not have any liability insurance.
• Underinsured coverage pays if the other driver's liability insurance will not provide enough for the client's damage. It can step in after the other party's policy has paid to its maximum limits.

Collision And Comprehensive Coverage

Policies also offer various incentives to help insured clients pay for damage to their own vehicles.

• Collision coverage helps policyholders pay to repair damage to their vehicle after a wreck.
• Comprehensive coverage covers vehicle damage caused by non-accident hazards, such as weather, fire, vandalism or theft.

Gap Insurance

This coverage is very important if a client plans to insure a brand new, financed vehicle. New cars usually depreciate much faster than someone can pay off a loan. Therefore, a settlement for a totaled vehicle might prove less than the value left on the loan. Gap coverage can help the impacted driver receive enough money to pay off the financed value of their now-destroyed vehicle.

Replacement Cost vs. Actual Cash Value Insurance

Help your client decide if they want a car's replacement cost value (RCV) or actual cash value (ACV) settlement in case an accident totals the car.

• RCV insurance pays enough money for the value of the car at the time the client bought it. Coverage can help them pay for a new car of equal or lesser value.
• ACV insurance pays for the car's value at the time of the totaling. Usually, this is the depreciated value of the vehicle, since most lose value over time. The payout might be smaller as a result.

RCV policies are usually more expensive, but they offer larger payouts in the event of a totaled vehicle.

Policies for Drivers Traveling To Mexico

Drivers traveling to Mexico must have Mexican car insurance. American insurance policies become void upon crossing the border. Mexico policies can offer all coverage required by Mexican law, including:

• Liability insurance
• Physical damage protection (collision/comprehensive)
• Legal and bail assistance
• U.S. repair coverage options
• Roadside assistance

Policies Offer Cost-Value Benefits

All of Quantum Alliance's auto insurance packages will include unique coverage and pricing parameters that can help you tailor benefits and savings to your clients' advantages. So, if you are ready to expand your car insurance portfolio, give us a call at (855) 935-1233. We're at your service when you need us!

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