Dallas Auto Insurance

Dallas auto insurance is known to be one of the most expensive areas to purchase auto insurance. But lately there has been minimal rate increases which is very much in the consumers favor. Texas Department of Insurance is not allowing very many insurance companies in Dallas to raise prices this year due to the damage Covid-19 is causing upon the economy, which seems fair. But natural disasters can change that situation very quickly because they cost insurance companies a large amount of money. There are several natural disasters that really affect auto insurance in Dallas, here are a few below:

Hurricanes do not affect auto insurance companies as much as property insurance companies. With hurricanes causing strong winds and flood damage can be more on the property side versus damage on your automobile. Tornados are the same way they seem to cause Home Insurance Companies more harm than Auto Insurance Companies.

Hail storms and Flooding are some of the natural disasters that affect Dallas auto insurance the most. Hail storms that damage automobiles with full coverage insurance are costly for auto insurance companies. Flooding is the same way, driving thru high-water areas during flooding can cause major damage to your automobile. Both situations are covered under your comprehensive coverage deductible.

Dallas auto insurance is starting to evolve on the tech side as well. Many auto insurance companies are starting to price their auto insurance prices based on tracking how a customer does day to day driving. Good drivers get rewarded with lower prices but bad drivers get surcharged at a higher price. The auto insurance companies who use the devices to monitor driving track a few different factors, here are a below:

• How fast you take off
• How quickly you turn
• How fast of speed you drive

Cautious drivers tend to like being rated this way, but drivers who may not watch these 3 important factors can pay more premium and it may not be in their interest to go with an auto insurance company that prices on these factors. Progressive is one of the first to bring this technology to the insurance market. Several more insurance companies have followed the past year or so. We will wait and see if this truly has a major 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 drives regularly is one of the biggest factors they utilize. These auto insurance companies are offering an upfront discount if you participate in this program so they can track you're driving.