What is Third Party Insurance For Cars

by Administrator 29. November 2023 16:48



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Considerations for Reducing Auto Insurance Costs

by Administrator 28. July 2023 10:08

Car insurance serves as a vital financial safeguard while you navigate the roads. Regardless of whether you opt for basic liability coverage or comprehensive auto insurance, ensuring that you secure the best possible deal for your policy is of utmost importance. The right car insurance not only provides peace of mind but also shields you from potential financial burdens in case of unforeseen accidents or incidents.

If you think your car insurance is expensive and you want to lower it, the following are some tips to do so:

Renew The Insurance Before Its Expiration

Before your current auto insurance policy expires, make it a priority to renew it promptly. By renewing with the same company, you may qualify for loyalty discounts and better rates, especially if you have maintained a good insurance record. Avoiding a lapse in coverage can also prevent potential cost increases.

Research Insurance Plans

Research and gather quotes from multiple insurance companies to compare coverage options and pricing. Each provider may offer unique discounts and incentives, allowing you to find the best fit for your budget and coverage requirements. Our team at Shawn Camp Insurance is here to help you navigate through these options and secure the most affordable policy for you.

Raise Your Deductibles

Deductibles are the amount you pay out of pocket before the insurance company takes care of the remaining expenses resulting from an accident or damage. By raising your deductibles, you can lower your premium, potentially resulting in significant savings. Consult with your insurance agent to determine the appropriate deductible amount based on your financial capabilities and risk tolerance.

A Clean Driving Record

Maintaining a clean driving record is one of the most effective ways to lower auto insurance costs. Insurance companies often reward responsible drivers with lower premiums. Avoid traffic violations, accidents, and claims whenever possible to build a solid driving history and demonstrate your reliability as an insured individual.

Consider Your Vehicle’s Features

Certain vehicle features can impact insurance costs. For instance, safety features such as anti-lock brakes, airbags, and anti-collision technology may result in lower premiums. Inform your insurer about the safety features and upgrades in your vehicle to reduce your insurance costs potentially.

Explore Payment Options 

Inquire with your insurance provider about flexible payment plans or discounts for annual payments. Paying your premium in one lump sum may lead to cost savings compared to monthly installments. Choose the payment option that aligns with your budget and financial goals.

Improve Your Credit Score

Your credit score can play a role in determining your auto insurance costs. A higher credit score often correlates with lower premiums, as it demonstrates financial responsibility. Work on improving your credit score by paying bills on time, reducing debt, and managing your credit responsibly.

You can optimize your auto insurance costs by following these essential tips and making informed decisions that lead to significant savings. Our top priority at Shawn Camp Insurance is to assist you in procuring reasonably priced coverage without compromising the quality of protection required while driving. Our team of experts is ready to assist you in finding the best insurance solutions tailored to your unique needs.

For more information about reducing auto insurance costs and to explore our range of insurance services, visit Shawn Camp Insurance Agency at 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542, or call us at (800) 212-2641. You can also browse our services at www.shawncampinsurance.com and connect on Facebook for the latest updates.

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Important Things To Keep In Mind While Renewing Car Insurance

by Administrator 30. April 2020 04:47

Car insurance is due for renewal at the end of an insurance plan term and this is the time to assess change in rates and other factors. You can either decide to continue with the same coverage, tweak it or buy an entirely new one. An insurance plan can also be automatically renewed at the request of the plan holder.

If your car insurance is about to expire or is due for renewal, following are some important points to be kept in mind:

  • The Current Plan: At the time of renewal, it is advisable to review your current insurance plan, verify discounts and make necessary changes with the help of your insurance agent. It is important to pay the renewal payment when due to avoid any penalties. If you wish to cancel your current coverage, you should inform your insurance company in time.
  • Rates Of Car Insurance: Usually, insurance companies dispatch information about revised premium rates along with a notice for plan renewal. It is normal for insurance companies to revise premium rates on the basis of personal factors of a client that have a direct bearing on the premiums.
  • Your Car’s Market Value: Keep in mind that while calculating the amount of premium for the car insurance, its value of depreciation will be taken into account by your insurance provider. The amount of depreciation will be deducted from the current market price of your car to arrive at a base value for calculating insurance coverage costs.
  • Add-Ons: Most insurance companies offer additional covers at the time of renewal of a car insurance plan. When considering which add-ons to include in your plan, always consider your budget and your requirements.
  • Voluntary Deductions: You can avail the option of voluntary deductions in order to reduce the renewal costs of the plan. A voluntary deduction is a fixed amount or percentage of a future claim settlement that a plan holder agrees to pay. A higher voluntary deductible will result in a lower car insurance premium.

Contact Shawn Camp Insurance Agency, Inc. for renewing your car insurance. We offer insurance holders a variety of coverage options to renew their plans. For more details on things to keep in mind while renewing car insurance, visit 2705 E. Stan Schlueter Loop, Suite 101, Killeen, TX – 76542. You can also call at (254) 526 – 0535.

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Tips To Reduce Car Insurance Renewal Cost

by Administrator 17. December 2018 08:58

Car insurance can either be auto-renewed by the same insurance company at the completion of the term or you can choose an insurance by a new company, if not satisfied with the services or if you are getting better offers and prices elsewhere. It is important to note that on renewal, the premiums may be altered by the company, making it costlier than before.

The following are some important tips to keep in mind so as to reduce the cost of the car insurance renewal:

  • Renew The Insurance Before Its Expiry: A new insurance may cost more than the insurance you currently have. To avoid getting into such a situation make it a point to renew the existing one before it expires.
  • Do Some Research: If the time for renewal of your insurance is approaching and the premium has gone up considerably, start researching and get the quotes from different insurance companies. This may help you find an insurance with a lower premium.
  • Mention The Correct Insured Declared Value: When renewing your car insurance, mention the correct IDV as that will help in optimizing the premium. Considering that the value of your car depreciates by 10 percent at every renewal, mentioning the correct IDV will lower the amount of premium. Other details that should be mentioned correctly for a fair premium are - manufacturing year, any previous insurance claims etc.
  • Raise Your Deductibles: Deductibles refer to the amount that you will pay before the insurance company takes over in the event of an accident, theft or some other damage. The higher this amount, the lower the premium amount and vice-versa. Consult your insurance agent for knowing the suitable amount of deductible in your case.
  • A Clean Driving Record: A good driving record may do wonders in convincing your insurance company to reduce your premium on renewal. Always work on improving your credibility by being responsible in your personal life.
  • Install Anti-Theft Devices: By installing anti-theft devices, you can significantly lower the amount of premium you pay to your insurance company. Car alarms and LoJacks are examples of devices that can be installed in furtherance of this motive.
  • Ask Questions: Never hesitate to ask your insurance agent about ways in which you can lower the cost of your car insurance on renewal. You may end up learning about some really useful cost saving ideas. Sometimes there are special offers for employees of a certain company and even for military personnel. Ask to know whether you qualify for any offer.

For further information on affordable Car Insurance in Killeen, TX contact Shawn Camp Insurance, Inc. at (800) 212-2641 or visit https://www.shawncampinsurance.com/. We are located at 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542.

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Steps For Filing A Claim For Vandalism Damage

by Administrator 14. September 2018 08:19

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What To Do After A Total Loss Auto Accident

by Administrator 28. August 2018 11:35

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Reasons You Buy Car Insurance

by Administrator 11. November 2014 06:33

Car insurance is an essential purchase if you have recently purchased a car. There are a number of reasons why you should get your four-wheeler covered against any unexpected damage or theft.

Some of these reasons are:

  • Legal requirement: You must carry a valid car insurance policy to avoid being penalized for violation of the law. The consequences for such offenses may include hefty fines, confiscation of your car or losing your driving license. It is required by law to possess valid car insurance.
  • Your car is a big investment: After your home, your car is probably the biggest investment that you would have. Buying an insurance policy is a way to protect that asset of yours from any accidental damage or theft. Moreover, an insured car gives the much needed peace of mind to the owner. 
  • Personal financial protection: In case your car is damaged an accident, you might need to bear many more overheads apart from repairing costs. These may involve property damage, medical bills etc. All these can put you under a lot of financial strain. Having a car insurance policy can help you by providing coverage against these unforeseen expenditures.
  • Protection from lawsuits: You must also have a car insurance policy to protect yourself from potential lawsuits. If you cause an accident and do not have an insurance policy, you are likely to be sued by the other driver.
  • Required by lenders: Some people also need to get car insurance as it is required by their lender. If you are getting your vehicle financed, the lender might require you to have an insurance coverage. This will protect the lender from any loss in case you damage your car that has not yet been paid for.
  • Addition to health insurance: Drivers may not have a health insurance policy to cover the medical bills for the injuries that they might suffer in an accident. Most car insurance providers also provide coverage for the treatment costs borne by the injured car driver and passengers. 

If you want to buy the best and affordable car insurance policy in Killeen, TX, contact Shawn Camp Insurance Agency, Inc. We offer a wide range of insurance policies with coverage options perfectly tailored to your needs and circumstances. For more information, feel free to call us at (254) 526 – 0535.

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Beginner's Guide To Auto Insurance

by Administrator 20. October 2014 12:08

Auto insurance is a compulsory purchase when you buy a car and some auto companies do not allow their customers to take the car from their agencies without proper insurance. Buying auto insurance for the first time may be a confusing task; however with proper guidance and information, you can buy the best and the most affordable car insurance. Here is the beginner’s guide that will surely help you buy the best insurance plan.

Most of the auto insurance buyers often consider the price as the main deciding factor which is not the case. Before you pick an insurance package you need to consider various other factors than the price. Some of the common types of auto insurances are:

  • Liability insurance: Liability insurance covers the damages that are caused to others if in case you are found to be at fault. This may cover bodily injuries as well as property damages.
  • Collision insurance: This type of auto insurance covers damages to your car according to its blue book value.
  • Comprehensive Insurance: This insurance covers all damages to your vehicle that are not caused by collision. This includes vandalism, theft, natural disasters, fire, etc.
  • Personal Injury Protection: This type of auto insurance covers medical expenses in case, you are injured and sometimes, it even pays for your lost wages if you are not able to work due to your injuries.
  • Uninsured or underinsured insurance: It covers your losses if someone who is not insured hits you or is not sufficiently insured to cover the damages.

Another thing that you need to consider while buying auto insurance is the condition and the type of your vehicle. You should ensure that the auto insurance covers you as a driver. You should not rush into the decision but take your time to find the most appropriate insurance coverage. It is always beneficial to have quotes from different insurance providers so that you can compare and take the right decision. It is crucial that you include fire damage, damages caused by accidents and theft damage in the auto insurance policy as this pays for any repairs and replacements if the need arises. You should make sure that your driving record is clean as it affects your premium payments. The insurance providers may also consider the age and occupation of the car owner while offering insurance packages.

The insurance companies can offer you attractive packages to lure you into buying one; however, it is essential that you rely on your instincts and choose a plan carefully.

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Fixing an Anemic Insurance Portfolio

by Administrator 11. July 2012 11:35

Insurance is a product that is meant to provide protection to policyholders and their families over the years. A properly developed insurance portfolio provides adequate protection for the policyholder’s property and risks while also sheltering them from too much in self-insurance liabilities.

If one isn’t careful about how they design their insurance portfolio, they could end up with a placeholder plan that provides a significantly false sense of security and very little real protection. 

There are four things you can do to fix your insurance portfolio if you think it doesn’t provide sufficient protection:

  1. Increase your limits: If your limits are too low then you will not be reimbursed enough to make yourself whole after an insurable incident. Increase the limits on your insurance policies so that you have sufficient benefits.
  2. Decrease deductibles: If your deductibles are too high, then you will be self-insuring a large portion of your potential losses. Decreasing your deductibles can raise your premiums, but in exchange for a more protective insurance portfolio.
  3. Look for highly rated carriers: An insurance policy is only as good as the company that issues it. Your portfolio may be anemic for reasons you don’t expect—including that your insurance company can’t actually back their promise to pay you in the event of a claim. A.M. Best is an insurance rating agency that examines the financials of insurance companies and issues letter grade ratings to indicate how financially healthy a company is. Check out the ratings of your insurers and if you find them falling, consider changing to a more secure carrier.
  4. Add additional coverage: Insurance policies can have different options for coverage that supplement the main purpose. For example, a life insurance policy can be designed to also provide living benefits in the event that the insured is diagnosed with a terminal illness. A Texas auto insurance policy can be restricted to just the state-required coverage or it can be structured to include loss of use and comprehensive benefits to reimburse in the event of theft or vandalism. Understanding these options and including them in your policies will help beef up your protection exponentially.

If you are ready to explore the gaps in your insurance coverage and limits and give your anemic insurance portfolio a boost, give us a call at (800) 212-2641.

The Actual price of Car Insurance Fraud

by Administrator 25. May 2012 11:50

Fraudulent activities are an unfortunate reality. In the insurance industry, fraud frequently takes the form of overstated claims, the filing of several claims, filing a claim for an accident you weren’t really involved in, illegally registering cars in regions that make car insurance quotes less costly, and more.

Most people assume that when they commit these types of fraud, the only people they are hurting are the insurance executives. Of course, that fact alone is still not a good thing, but the suggestion that only those at the top get harmed by insurance fraud is wrong, because it is all consumers who must pay.

Increased Premiums

The worst fallout of auto insurance fraud is the increased premiums that it causes all insurance customers to pay. In order to cover the cost of the excessive or improper claims, the cost of investigating claims, and the changes in risk that are assumed by the claims, insurers have no choice but to spread the losses by raising the premiums for all policyholders. This means the typical customer ends up paying for the fraudulent activities of others.

Increased Paperwork

When frauds are attempted and found, or committed and later discovered, insurance companies realize that they must change their processes in order to try to prevent them from happening in the future. This means they will take great pains to have applications and claim forms that attempt to weed out potentially fraudulent activity. This increases your work, however, because all of their insurance policyholders will need to use this paperwork. It also creates an extra expense for the insurance company which is, once again, passed on to policyholders.

Increased Taxpayer Dollars

Some claims involve police and arson investigations. When the claims are fake, these investigations result in taxpayer dollars being wasted on paying the payrolls of those who must investigate them. This also ties up law enforcement officers when they could be out preventing actual crimes.

Insurance fraud is a problem that we all must consider, even if we are not guilty of committing it. We should take whatever steps are rational and safe within our own lives to make certain that those we know and love are not encouraged to commit fraud and that potential frauds are reported to the appropriate entities.

Give us a call at (800) 212-2641 to get your free, personalized Texas auto insurance quote today!

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