Dallas is notoriously one of the most expensive places to purchase car insurance. However, the Texas Department of Insurance is currently not allowing many insurance companies to raise prices in 2020 due to the damage COVID has caused the economy.
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Dallas auto insurance is notoriously one of the most expensive places to purchase car insurance. But 2020 has been a year of minimal rate increases which is very much in the consumer's favor. Texas Department of Insurance is not allowing many insurance companies in Dallas to raise prices this year due to the damage COVID is causing upon the economy, which seems fair.
We'll see if this trend continues after the damage Hurricane Laura has done. Natural Disasters cost insurance companies a lot of money. Hurricanes though, sometimes don't affect auto insurance companies as much as property insurance companies. With hurricanes causing very strong winds and flooding, the damage can be more on the property side compared to actual damage on your automobile.
Dallas auto insurance is also starting to evolve on the tech side. Many auto insurance companies are starting to price their auto insurance premiums based on tracking how a customer drive. Good drivers get rewarded with lower premium, but bad drivers get charged with a higher price. The auto insurance companies who use the devices to monitor driving track a few factors, how fast you take off, how quickly you turn, how fast of speed you drive.
Safer, more cautious drivers tend to like being rated this way. But drivers who don't want these three factors can pay way more premium, and it may not be in their best interest to go with an auto insurance company that rates on these factors. Progressive is one of the first companies to bring this technology to market, with several more following the past year or so.
We'll have to wait to see if this truly has an impact on how much auto insurance companies pay for claims. Auto insurance companies have many different factors when setting their rates. For some of these insurance companies though, how a customer drive day-to-day is one of the biggest factors they use.
These auto insurance companies are also offering an upfront discount if you participate in this program for them to track your driving. Cheapest Auto Insurance provide the world's fastest anonymous quote system with this link. Click and have a quote in around one minute.
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