Dallas auto insurance underwriting is really easy if you know the real rules. Many times, people miss out on discounts because they fail to disclose full information to the insurance agent, or they talk to the wrong agent. These four secret underwriting tips will help you save money on your auto insurance and give you a leg up next time you get a quote.
Tip Number 1: Keep your previous insurance policy active.
Never cancel your auto insurance policy before you get a new one. Insurance companies prefer drivers that have at 6 months or more previous insurance. In fact, the longer you carry insurance, the better. Keeping your auto policy current shows your stability and responsibility. . We never recommend you driving without insurance in Dallas. However, if your policy expires for 2 or 3 days, you can still get a decent rate provided everything else is in order.
Tip Number 2: Minimum limts could hurt cost you more.
The second tip is to carry higher liability limits. Through underwriting hundreds of policies, I learned that carrying higher liability limits will typically get higher levels of discounts and more preferred rates. So the next you pick your limits of liability, take one for the team and carry higher limits. That will save you money in the long run.
Tip Number 3: Two policies are better than one.
The third tip to saving money on auto insurance is meant for renters. Stay at one address for a year or more. In the past, I’ve noticed that people that move every 6 months or year tend to get into more wrecks and have more tickets. Why? Because if you spend time driving the same routes, you learn about traffic patterns and speed traps to avoid.
Tip Number 4: Go back to school and become a teacher
The final tip to save money on auto insurance in Dallas is one that will not apply to everyone. Teachers, Lawyers, Doctors, and other white collar professions that carry higher limits for 6 months or longer will also get excellent rates on their auto insurance. In fact, some auto insurance companies have specific discounts affinity discounts for Dallas school teachers. I know that one sounds unfair, but insurance is driven by statistics. Face it, teachers generally have great driving records.
So there you have it. The three secrets that nobody ever told you about auto insurance. Remember, these tips do not apply to all insurance companies. Each company bases their discounts on their individual loss ratios and statistics. In order to get the best quotes, always remember to talk to an independent insurance agent.