Rates Are Rising
The cost of car insurance in Texas is expensive because the state has three of the top 10 largest cities and large, growing populations across it. As premiums continue to rise due not only because of the population but also increasing costs for providing coverage at these rates, there may be fewer drivers willing or able to purchase this type of protection.
The risk goes up for everyone, including us, the people who decide to do what is right and have insurance coverage.
In recent years, more drivers on the road (your daily commute, anyone?) have led to more accidents, meaning more payouts by insurance companies, deeply affecting profits on their major line of business.
You Have A Choice
When insurers take a hit to profits, they usually have little choice other than to raise rates on insurance premiums. For drivers, that means time is money, and renewing your policies now at lower rates can benefit you by delaying future increases.
With car insurance premiums continuing to rise, it may be time for you to consider an alternative. A brokerage is a company that helps match customers with insurers of their choosing and can provide coverage at competitive rates. We are more likely than traditional providers because we have access to multiple carriers which offer lower prices on average (source). If you’re interested in learning more about how your options for getting cheaper Texas car insurance might change as the market changes, contact us at Insurance For Texans today!
Change may be inevitable. However, your ability to adapt by shopping for the best rates and coverage combination today can put you on the right side of the change.
Insurance for Texans wants to be your change agent! Contact us.