Buying a comprehensive auto insurance policy in Dallas – Fort Worth, Texas may provide peace of mind. Even though the basic rates may be a little high when compared to buying only the minimum coverage, the protection is better and you are less likely to face financial challenges when unexpected situations arise. Making a claim on your policy may or may not impact your premium, depending on the details of your plan and any promotions that you have applied.
Applying discounts and promotions to your policy can help you keep the premium within a reasonable rate. Promotions are often provided for very specific situations, such as a student who has good grades getting a discount for their responsible behavior.
Some insurers may offer a forgiveness promotion so that your premium does not increase the first time you make a claim. Forgiveness programs may vary, so consider the situations that fall under the program before you assume that it will apply.
Small claims, such as repairing a windshield after a tree branch fell on it, may not have a major impact on your premium. The reason is that the claim is related to a particular situation that did not cause major damage to your vehicle or the vehicle of another person.
Claims after an accident may result in a higher premium because of the possible cost of the situation. The exact impact of an accident may vary.
Making a claim does not automatically mean that your rates will increase, but it can have an impact on your auto policy. Contact Paragon Independent Insurance Agencies to talk to an independent agent for more information about your options and promotions that may be available.