Auto insurance policies are usually made up of various different types of coverage, every one coming along with its unique premiums and benefits. For consumers to come up with the best quality policy package and quote, it’s always important to have an idea of what is being offered, as motorists have several different coverage amounts for the different components that they can always select from. If you reside in Plano, TX Paragon Independent Insurance Agency will cater for all your auto insurance needs, from purchasing to renewal!

The following review provides a list of the most common auto insurance types and what you need for a quote.

Auto Liability Insurance.

Also known as financial responsibility insurance, the Texas auto liability insurance is the least auto insurance coverage type required of all Texas drivers. In the event of an accident that deems you responsible for injury to another person or destruction of their property, auto liability insurance helps protect your assets. However, it doesn’t pay for the repair or replacement of your car or for your injuries.

Physical Damage Auto Insurance.

Coming in two types, the physical damage auto insurance encompasses collision and comprehensive coverage, with your lender requiring you to carry both if you still owe money on your vehicle. Moreover, even if you no longer owe on your car, collision and comprehensive auto insurance would still suffice in order to protect the value of your car.

Regardless of who is at fault, collision insurance covers the damage cost to your car as a result of an accident. On the other hand, comprehensive insurance caters for the cost of auto damage from other causes such as vandalism, storms, floods, and theft.

No Fault/Personal Injury Auto Insurance Protection (PIP).

In the unfortunate event of an accident, the Personal Injury Protection insurance coverage helps protect you together with your passengers. PIP helps cover medical care, lost income and replacement services for injured parties. The medical payment insurance will, however, cater for the cost of medical, hospital or funeral expenses as a result of an accident for you, together with any passengers in your car.

Familiarizing with the different types of auto insurance coverages can help you in deciding what insurance to purchase as well as help you in navigating the insurance system in the event of an accident. Serving the greater area of Plano, TX, Paragon Independent Insurance Agency will make your purchase of auto insurance a breeze. Insure with us today for we have a wide variety of affordable insurance quotes and rates to choose from. For more inquiries, be sure to always contact us for more details, as we’re only a call away!

When it comes to shopping for auto insurance, it is very important that you first assess your needs. This will help ensure you are able to purchase a policy that provides the type of coverage you require. For many people, though, it can sometimes be a hassle trying to find the best policy. Fortunately, here at the Paragon Independent Insurance Agency serving Plano, TX, we’ve taken the time to outline two tips for making sure you know how to effectively compare auto insurance. 

Start With Your Friends and Family

One of the best ways to shop for auto insurance is to ask your friends and family for their recommendations. You will likely find they can point you in the right direction and help you pinpoint a policy that truly meets all of your needs. Even better, they can explain their policy and help you choose which level of coverage you need. Many times, your friends and family will be able to direct you to both local and national insurance companies, which gives a good chance of being able to compare policies from a wide range of providers. 

Use the Internet

You can also turn to online resources to help you compare auto insurance. There are many resources that make it easily possible to compare different levels of coverage from different providers, which helps you narrow down a long list of possible policies that can best meet your needs. You’ll also be able to read through reviews of existing customers to see which providers are providing the best customer service. This is especially important because you want to choose an insurance provider that providers superior customer service around the clock. 

To learn more about comparing auto insurance, contact the Paragon Independent Insurance Agency serving Plano, TX.

When you drive a car in the Plano, TX area, you will find that you will need to carry auto insurance coverage on your vehicle at all times. However, the state generally only requires that you carry liability coverage on your vehicle. While Plano TX car owners will only be required by law to carry liability coverage, many would still benefit greatly from carrying a full policy that includes both collision and comprehensive coverage. In fact, there are several situations in which you will need to have a full auto insurance policy in place.

When You Have an Expensive Car

One situation in which you will want to have an auto insurance policy that provides full coverage is when you have an expensive car. Buying a car is always a very big purchase that needs to be properly insured. If you have a car that was expensive and difficult to replace in cash, you need to make sure that you have coverage necessary to do so. 

Auto Loan

Most drivers today obtain financing when they buy a new or used car. If you do have a loan on your car, you will be required under the loan documents to properly insure the vehicle. This will assure the lender that they can be paid off if the car is stolen or damaged.

When you are evaluating your auto insurance needs, you should reach out to the Paragon Independent Insurance Agency. When you meet with the Paragon Independent Insurance Agency, you will receive far more insight into what type of insurance options are out there, which ones might be right for you, and what your requirements are. For those that are in the Plano, TX area, this can be very helpful when it comes time to pick your next policy.