Does auto insurance cover rental cars?

Most standard auto insurance policies at Paragon Independent Insurance Agency don’t cover rental cars in Plano, TX. That’s because most standard policies only cover the insured individual’s vehicle damage. And since you don’t own a rental car, your policy likely won’t provide any coverage for it.

There Are Some Exceptions, Though

While most standard auto insurance policies don’t cover damage to rental cars, there are some exceptions.

Get PreApproval

For example, if you have both comprehensive and collision coverage on your vehicle, that coverage may extend to rental cars in some circumstances. However, this will only be the case if you let your insurer know that you’ll be renting a car in advance and they agree to extend your coverage. Without prior approval from your insurer, any damage to a rental car probably won’t be covered.

Liability Coverage

Another exception has to do with liability coverage. Most standard auto insurance policies include at least some liability coverage, which can help pay for damages if you’re found at fault in an accident. In most cases, this coverage will extend to rental cars as well. However, it’s important to note that liability coverage only pays for damages to other people and property—not for damages to the rental car itself.

Add Temporary Coverage

Some policies allow you to add coverage for rental cars on an as-needed basis. We can check to see if this is an option with your policy.

As you can see, whether or not your auto insurance policy covers rental cars can be a grey area. To avoid surprises down the road, it’s always best to contact Paragon Independent Insurance Agency before renting a car in Plano, TX.

Will liability insurance cover the damage to my car after an accident?

Although car insurance creates a sense of peace for many of us, the type of coverage you carry determines the benefits and coverage options you have access to as a policyholder. Our Plano, TX team at Paragon Independent Insurance Agency is committed to helping drivers understand the differences between liability insurance and other types of auto coverage.

Liability Insurance

Liability insurance is required by Texas law. This insurance covers injury or damage to other drivers’ cars and personal property. However, this type of coverage won’t cover your car’s damage in an accident. It’s only designed to protect the other driver, their property, and their vehicle. As a result, if your car is damaged in an accident and all you have is liability insurance, your coverage will not pay for your vehicle’s repair. You will be forced to pay for the repair of your car out of pocket. If you’re looking for coverage that meets state guidelines and protects your vehicle, you must purchase more than liability insurance. You will also need to invest in comprehensive and collision if you want protection for your car for damage caused by accidents and non-moving incidents.

Auto insurance has many layers, making it easy for drivers to get the coverage they want and need most. State law only requires drivers to carry liability coverage, but you’ll also need more insurance to cover your car. Call us if you have questions about what is covered under different auto insurance policies. We’d be happy to discuss your coverage options and get the coverage you need most. 

What Are The Different Types Of Auto Insurance Fraud?

Auto insurance fraud can be committed by or against the policyholder. Committing auto insurance fraud can result in your claim being rejected, your policy being canceled, and even your prosecution. Here are the different types of auto insurance fraud you should be aware of as a Plano, TX resident.

1. Falsely reporting a stolen vehicle

This fraud involves the policyholder falsely reporting a claim of a stolen vehicle under comprehensive coverage to get a payout. A policyholder who sells, intentionally abandons, or destroys their car to make a false stolen vehicle claim will likely face severe penalties such as jail time.

2. Staged Accident

Staged accident fraud is a reasonably common auto insurance fraud, with drivers continuously devising ways to stage accidents and make payout claims. The fraud may involve the driver in front of you abruptly slamming their brake so that you unavoidably rear-end them. Other drivers go to the extent of planting witnesses who will provide false information testifying that you were at fault.

3. Over-Valuing

This fraud is where the policyholder overstates the value of their car, equipment, or property to get higher compensation from the auto insurer. At Paragon Independent Insurance Agency, we recommend you do a vehicle valuation before purchasing auto insurance to reduce the chances of committing this fraud.

4. Misrepresentation/Ommission

This auto insurance fraud involves the policyholder stating that they reside in areas with cheaper rates or not including all the drivers under the policy. Additionally, the policyholder can opt not to provide all the pertinent information on their auto insurance policies to make the rates cheaper.

Purchasing auto insurance from a highly respected insurer is the first step to protecting yourself from falling victim to auto insurance fraud. Paragon Independent Insurance Agency boasts veteran insurance experts who provide Plano, TX residents unbeatable auto insurance assistance. Contact us today.

Tips When Shopping for Auto Insurance in Plano, TX

Whether you are buying car insurance for the first time or a seasoned car owner, you can always learn something about car insurance to ensure you don’t get a raw deal. At Paragon Independent Insurance Agency in Plano, TX, we have years of experience in car insurance, and here are tips you can rely upon before heading to the market:

Understand auto insurance coverages

To get a policy that satisfies your current needs, you need to learn about different coverage options. We are not saying you know all the options, but at least you know about the common ones. Understanding the different coverages ensures you buy only those that you need.

Do your research

Don’t rely on everything you hear — there are several myths surrounding car insurance, and they can easily cloud your judgment when shopping for a policy. Having the correct information helps you make an informed decision.

Make comparisons

Don’t always settle for the first quote you bump into. Compare quotes from several insurance companies. Price shouldn’t be the only decider. Compare the insurance features of different companies. And the good thing is you don’t have to do this all by yourself. Engage an independent insurance agent to give you quotes from various insurers.

Partner with a reputable insurance agent

When purchasing auto insurance, go for an independent and trusted insurance agent. Sometimes, figuring things out by yourself can be challenging, so you need someone to walk with you. A good insurance agent acts as your financial advisor, so don’t settle for one that isn’t up to the task.

Need to learn more about auto insurance in Plano, TX? Please get in touch with Paragon Independent Insurance Agency. We will analyze your insurance needs and recommend a car insurance policy that meets your budget and other needs.

How much liability coverage is enough when it comes to auto insurance?

Plano, TX area residents can count on Paragon Independent Insurance Agency for their auto insurance needs. If it’s time for you to upgrade your current policy or you are in the process of acquiring a new vehicle, we can help. Our staff is here to answer all of your questions and help you get the protection you need.

Make sure you have the liability protection you need

Some people say that there is never enough when it comes to liability protection! If you want to protect your personal assets, giving your auto policy a yearly review makes sense. If you are involved in an accident that causes property loss or damage or results in serious medical injury, you do not want to be financially responsible for any liability.

With a robust amount of liability coverage, you can protect yourself from financial obligation if you are found responsible for damages. This coverage will help to defray any costs associated with a covered event, including lawsuits or other financial settlements. While every auto policy can be different, having comprehensive liability protection can protect you from several different types of loss.

Your local insurance agent can help you calculate the appropriate amount of liability protection for you and your family. Don’t let one bad accident wipe out your many years of hard work. Choosing a policy that provides the liability coverage you need can help protect your future. 

Give us a call today!

Paragon Independent Insurance Agency is here to help the greater Plano, TX area with all of its insurance needs. If you want to learn more about liability coverage and how it can help protect you, give us a call or come by our office today.

What to do if your car breaks down

If you live in the greater Plano, TX area, you can rely on the team here at Paragon Independent Insurance Agency. Having the right auto insurance can help you get through any mishaps or accidents with a little less stress. Count on us for all of your insurance needs.

Your car has broken down on the side of the road, now what?

There’s nothing worse than having car problems, especially when they happen when you are out on the road. The most important thing to remember if you have a breakdown is to get to safety! Your safety comes first.

  • If at all possible, move yourself and your vehicle out of the road and relocate to as safe a spot as possible. 
  • Once you are out of harm’s way, call for help. Your auto policy may even provide roadside assistance as part of your policy.
  • Utilize any emergency equipment that you may keep in your car. Flares or other indicators can help other motorists avoid your car and help to keep you safer.
  • Sit tight and wait for help to arrive. Don’t try to walk across a busy road or highway seeking help. Once you have notified your roadside assistance provider of your location and needs, just remain in your car or another safe spot.

No one wants to deal with auto problems. And while they may be frustrating, if you experience a similar situation, it’s important to always put your safety and wellbeing first. 

Call or stop by today!

Plano, TX area residents count on Paragon Independent Insurance Agency for all of their insurance needs. If you would like to learn more about the auto insurance policy options that are available in our area, call or stop by our office today.

What type of auto insurance is required to legally drive in Texas?

People who wish to drive in the state of Texas are required to carry insurance. As with most states, all drivers are required to carry a minimum level of insurance that meets the Texas state minimum requirement. Plano, TX residents can entrust their insurance needs to Paragon Independent Insurance Agency. Our agents understand what’s required to drive in Texas. Liability insurance provides protection for all Texans who navigate the roads and freeways of Texas. 

Texas State Minimums

All Texas drivers are required to carry liability insurance. They must carry $30K in bodily injury insurance per person and $60K in bodily injury coverage per accident. Texas drivers are also required $25K in property damage coverage per accident. All Texas drivers are required to maintain liability insurance that meets at least these minimums. This liability insurance is also called  30/60/25 coverage. However, drivers can carry liability insurance at higher levels if they choose. One of our agents can help you to determine the best coverage levels for your specific situation. However, the above-listed minimum requirements must be met by all drivers. However, we encourage Texas drivers to ask questions if they are unclear about any of the insurance requirements that must be met to drive in Texas. 

Other Considerations

Texas drivers can also choose to carry uninsured motorist coverage and underinsured motorist coverage. However, it’s not required. Texas motorists can also carry collision and/or comprehensive coverage as well. Our team at Paragon Independent Insurance Agency can answer any questions that our Plano, TX customers have about what’s required to legally drive in Texas. Please give us a call. One of our licensed and experienced insurance agents is standing by to answer your questions. 

7 Terms You Should Know When You’re About to Get Auto Insurance

Your auto insurance has many terms that you may have heard before but are uncertain what they mean. It is important to be able to know what is in your insurance policy to get the most from it.

The agents at Paragon Independent Insurance Agency of the Plano, TX area are ready to help you make sense of your auto insurance coverage.

Key Auto Insurance Terms

Here are some key auto insurance terms often used.

  • Bodily Injury Liability Coverage – When you are legally at fault for injuring other drivers and pedestrians, this part of an auto insurance policy covers you. Medical expenses and legal costs if you are sued are part of this type of insurance. 
  • Actual Cash Value – When an item is damaged or stolen, the amount paid in a claim is the actual cash value at the time of the incident. 
  • Collision Coverage – This type of insurance pays for damages to your vehicle caused by impacting a stationary object or another vehicle. 
  • Comprehensive Coverage – Fire, hail damage, windstorms and other damages fall under comprehensive coverage.
  • Deductible – This is the amount you as an insured party must pay out of pocket before an insurance company will pay on a claim.
  • Extended Coverage – Certain risks not covered under a basic policy can be included with an added endorsement.
  • Fair Market Value – A reasonable agreed to value of a vehicle or item between buyers and sellers based on current market prices.

Professional Auto Insurance in Texas

Contact us at Paragon Independent Insurance Agency of Plano, TX to find out how we can help you get quality auto insurance at affordable pricing. One of our agents is ready to speak with you today.

Is Auto Insurance a Must in Texas?

Thousands of Americans get killed on the roads in auto accidents annually, and tens of thousands get injured. At Paragon Independent Insurance Agency located in Plano, TX we want you to stay safe and be guarded when accidents happen. Procuring outstanding insurance coverage from a reputable insurer is a requirement to register your car and to get a license to allow you to drive your car in Texas.

Is auto insurance a must in Texas?

 Auto insurance is mandatory in Texas. Texas requires all motorists to carry minimum liability requirements on their auto insurance policy. These liability minimums include bodily injury and property damage. The advocated auto insurance minimums by the state of Texas may not be sufficient to offer formidable cover for you and your car. It’s a wise decision to consider other available optional coverages in Plano, TX. They include:

Collision coverage: It pays for repairing or replacing your car when physical damage results from a collision with another or any other stationary object. It can also safeguard your vehicle from damage resulting from driving over potholes.

Comprehensive coverage: This is non-collision coverage that will compensate for repairs or replacement of your car when physical damage arises from imminent perils such as contact with an animal, fire, and theft, subject to your deductible.

Underinsured or uninsured motorist coverage: It assists you, your family member, or your designated driver if you are hit by another motorist who is inadequately covered or they don’t have coverage at all.

Medical payments coverage: This type of coverage reimburses costs for medical expenses accrued after seeking services like surgery, X-rays, and drugs after an accident.  

Are you a driver in Plano, TX in need of a good auto insurance policy? Please call or visit our Paragon Independent Insurance Agency for detailed information about auto insurance coverage.

How Much Auto Insurance Do I Really Need?

Are you about to purchase a vehicle or have you recently gotten your license and need to get automobile insurance? If so, there are some things you should know beforehand. An expert at Paragon Independent Insurance Agency of the Plano, TX region can assist you with the process so you know just how much insurance you’ll need for your situation. 

Get the Coverage You Need 

Make it a point to get adequate car insurance for your state’s minimum requirements as well as to protect your finances. If your vehicle is damaged in an accident or in some other manner, it can be costly to repair or to replace if you have a total loss. There is some type of minimum auto insurance in every state that you must have to be able to drive legally. 

Beyond this, the amount you should have in coverage depends on factors such as your car’s value, where you live, your driving habits, and your financial situation. This should be a serious discuss you have with the company from which you plan to get your policy. 

Top Considerations 

In addition to looking at your situation, you’ll want to have an agent compare the cash value of your vehicle to the cost of collision and comprehensive coverage. If this coverage would cost more than 10 percent of your car’s value minus your deductible, then it’d be best if you skip it. 

Liability insurance is a key thing to have when it comes to protecting your finances. Your agent can calculate how much you’d need in order to cover the total value of your net worth. If you have assets worth over a certain amount, they’ll recommend a specific liability policy that goes above the standard amount. 

Some other types of coverage you might consider include Personal Injury Protection, Uninsured/Underinsured Motorist, Medical Expenses, and gap insurance bridges (which do what it sounds like, covering the difference if your automobile is a total loss). 

The experts at Paragon Independent Insurance Agency of Plano, TX and beyond are ready to help you get the insurance that you want and need. Reach out to us with your questions and concerns today.