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Auto Insurance

Lady showing key of her car

Coronavirus continues to spread and social distancing is recommended. However, surviving the pandemic does not mean that you cannot buy a new car. Getting a car during the coronavirus outbreak is still possible if you follow the required steps.

Buying a Car During the Coronavirus Pandemic

Many people might be wondering whether purchasing a vehicle during the coronavirus pandemic is possible. However, it is possible to get a car. All you need to do is to follow the safety precautions while buying a car during this pandemic. You need to be well-informed about the safety and security measures you should follow when interacting with others. These include practicing good hand and personal hygiene and wearing personal protective equipment.

The car showrooms might be closed due to the pandemic. In such circumstances, you can contact the retailer to place your order online. You can explore a car online that matches your requirements and budget. Once you have selected the car, you can contact the retailer about the availability. Then, you can place an order and do the paperwork online.

The Auto Market

Naturally, most markets have slowed down a bit due to dealership closures and stay-at-home orders. Due to low sales, several dealerships are offering special deals and discounts on car purchases. Those who are planning to buy a car during this pandemic can expect to get the best deals and huge discounts on their purchases.

After buying a car, get it covered by the right insurance policy to keep it secure. For assistance with all your car insurance needs, contact the experts at The Schwab Agency in Colleyville, Texas. We will help you choose the right insurance that meets your requirements and budget.

teen driver leaning out of car window

When do kids need their own auto insurance?

When your teen first learned how to drive, you probably insured them under your auto insurance policy.  However, as your child gets older and starts making their own way in the world, you may be wondering when they need their own car coverage.  Here’s what you need to know about covering your child on your auto insurance policy.

Typically, insurance providers will let you keep your child on your auto insurance policy as long as they continue to live in your home.  Once the child moves out, then they must secure their own auto insurance policy.  However, there are some exceptions to this residency rule.  If a child is moving away from home to attend college, then most insurance providers will allow them to remain on their parents’ auto policy.  This is because they still consider the parents’ home as the student’s primary address.  The other exception to the rule is children of divorced parents.  In this case, a parent can continue to list their child on their policy even if they only live with them part-time.

In addition to moving out, insurance providers will require children to secure their own auto insurance policies if they have proven themselves to be financially independent.  While each insurance provider has their own definition of financial independence, many insurers consider a child to be financially independent if they own a home or get married.

This is what you need to know about insuring your child on your auto insurance policy.  Do you have additional questions about your car coverage?  If so, then contact the experts at The Schwab Agency in Colleyville, Texas today.

family at beach

Protect yourself with the right insurance this spring break.

As temperatures gradually increase, the promise of spring is in the air.  For many students and families, spring is all about taking a break and setting off on an exciting vacation.  As you plan your spring break trip, make safety a priority with these insurance tips.

  • Homeowners Insurance

Before setting off on your spring vacation, make sure that you review and update your homeowners insurance.  Because your risk for theft increases anytime you leave your home unoccupied, you may want to speak to your insurance provider about increasing your personal property coverage limits.  Additionally, you should make sure that you have adequate coverage to protect against unexpected weather events that could cause damage to your home while you are away.  Depending on where you live, this might mean updating your flood, fire, earthquake, landslide, and/or storm coverage.

  • Auto Insurance

If you are taking a road trip for your spring break, then it’s important that you look over your auto insurance policy.  Because your risk for accidents and vehicular damage increases the more you drive, you may want to increase your policy’s coverage limits in preparation for your road trip.  Additionally, if your trip will take you over state lines, verify that your insurer will offer you the protection you need once you leave your home state.

  • Travel Insurance

Travel insurance is a form of coverage that will protect you from certain financial risks and losses that you may encounter during your travels.  For instance, travel insurance can help you cover the cost of lost luggage, last-minute cancelations, and medical emergencies.  If you are going on a particularly expensive trip or traveling overseas, then you should secure travel insurance to protect yourself from costly losses.

Protect the people and things that you love most with these spring break insurance tips.  Do you need help with your personal insurance?  If so, then contact the experts at The Schwab Agency in Colleyville, Texas.  Our dedicated team is ready to assist you with all your coverage needs today.

wiping down car exterior

Don’t make these car maintenance mistakes.

Unfortunately, many car owners get lazy when it comes to taking care of their vehicles.  While skipping a few service appointments and forgetting to check your oil may not seem like a big deal now, failing to maintain your car can lead to serious and expensive issues in the future.  If you don’t want to run into car issues, then make sure you avoid these car maintenance mistakes.

  • Not Washing Your Car

Many car owners are lazy when it comes to washing their vehicles.  However, allowing dust, dirt, and grime to build up can actually cause your car’s paint to erode.  This can cause your paint to flake off, leaving your car’s metal body susceptible to rust and other damage.  To ensure that this doesn’t happen, you should wash your car regularly and always finish the job with a protective coating of wax.

  • Failing to Check Your Oil

Keeping your car’s oil at the appropriate level is vital to your engine’s performance.  You should check your oil at least once a month to ensure that it is at an acceptable level and isn’t contaminated.  If your oil is very dirty, then it may be time to take your car in for an oil change.

  • Missing Service Appointments

When you take your car in for a routine service appointment, your mechanic will set your dashboard indicator lights to go off the next time that you are due for a check-up.  While it may seem like a waste, it’s important to take your car to the mechanic even if there’s nothing obviously wrong with it.  By keeping up with routine service appointments, you can prevent major issues from developing in the future.

Avoid making these mistakes if you want to take better care of your car.  Remember, having the right auto insurance is another way to protect your vehicles.  For assistance with all your car coverage needs, contact the experts at The Schwab Agency in Colleyville, Texas, today.

couple looking at car insurance on laptop

The benefits of getting a joint auto policy with your significant other.

If you are in a committed relationship, then you and your partner should consider getting a joint auto policy.  While this step isn’t very exciting, it is a good way to advance your relationship while saving money.  Here is what you need to know about joint auto policies.

  • Why Should You Get a Joint Auto Policy?

Joint auto insurance policies are designed to offer coverage to two separate individuals and their vehicles.  Essentially, joint auto insurance is a way for couples to secure the car coverage each partner needs with a single policy.

Up until this point, you and your partner have probably managed your car coverage separately.  However, paying premiums on two separate policies can start to add up.  When you switch over to a joint policy, your household only needs to pay premiums on a single policy. This cuts your installment fees in half and you take advantage of the multi-car and multi-driver discounts most carriers offer. Not only do joint auto insurance policies save you money but, because your auto insurance is consolidated into a single policy, your coverage also becomes easier to manage.

  • Is Joint Auto Insurance Right for Every Couple?

Joint auto policies are best suited for couples where both people have clean driving records and no gaps in their car insurance coverage.  If one or both partners have tickets, traffic violations, or at-fault accidents on their driving record, then joint auto insurance may not be suitable.  This is because the risky driver can end up driving up coverage costs for the more responsible driver.  Additionally, you should not secure a joint policy with your partner if they have poor credit as this, too, could end up making your premiums more expensive.

This is what you need to know about joint auto insurance policies.  Interested in learning more about this car coverage option?  If so, then contact the experts at The Schwab Agency in Colleyville, Texas.   We are ready to get you the coverage that you need today.

dog sticking head our of car window

Take care of your pets as you drive them around.

As a pet owner, you often have to drive with your pets in the car.  While this probably does not seem out of the ordinary for you, it’s important to remember that this task does pose serious risks for your furry friends.  To keep your pets safe in the car, here are some of the precautionary measures that you should take.

  • Transport Pets in a Carrier

While you might hate the idea of putting your pet in a cage, it’s much safer to crate your pets when transporting them.  When you allow your pets to run loose in the car, they are more likely to get thrown into the side of your car or get launched off the seat.  Additionally, your pet may try to sit on you, making it harder to operate your car safely.  When you crate your pets, you can ensure they are confined in a sturdy, safe place that is less susceptible to being jostled or thrown about as you drive.

  • Do Not Transport Pets in the Flatbed of a Truck

Some dog owners like to transport their larger dogs by putting them in the flatbed of their pickup truck.  However, it is important to understand that this is incredibly dangerous.  In fact, several states have outlawed this practice as it causes thousands of pet deaths every year.

  • Do Not Let Your Pets Stick Their Heads Out of the Window

While your pet might love to feel the wind in their fur, it’s actually very dangerous to let your pets hang their heads out of open car windows.  Not only could your pet fall out of the car, but they can also get clipped by passing vehicles or get debris in their eyes.

These are some of the things that you should do to keep your pets safe as you drive.  Looking for the best way to protect yourself and all your passengers?  Then make sure you have the right auto insurance in place.  For assistance with all your car coverage needs, contact the experts at The Schwab Agency in Colleyville, Texas today.

woman getting pulled over by cops

Understanding what SR-22 insurance can do for you.

If you are charged with being uninsured during an auto accident or if you have been convicted of a DUI, then you may be required to show proof of insurance with an SR-22 form.  But what is this form, and why is it important?  Here’s what you need to know.

What is SR-22 Insurance?

You may be required to secure an SR-22 to keep or reinstate your driving privileges after a major offense.  While many people call it “SR-22 insurance,” an SR-22 isn’t actually an insurance policy.  Instead, it is your auto insurer’s guarantee that you have coverage.  With an SR-22 form, your insurance provider informs the Department of Motor Vehicles that you have purchased the minimum liability insurance required under Texas law.  If you are required to secure an SR-22 and fail to do so, then your car registration can be suspended, and your license can be revoked.

How to Get an SR-22

Securing an SR-22 isn’t something that you handle independently.  Instead, the state requires your insurer to submit all insurance information to the DMV electronically.  If you need an SR-22, then all you need to do is ask your insurance provider to file one for you.

Please keep in mind that some insurance providers do not work with SR-22s.  If your insurer doesn’t offer this service, then you will need to switch over to one that does.  Because the violations related to an SR-22 mark you as a risky driver, your insurance provider may cancel your coverage.  At this point, you may have to rely on coverage from a high-risk auto insurer.

This is what you need to know about California SR-22 insurance.  Do you have further questions about this important auto insurance filing?  If so, then contact the experts at The Schwab Agency in Colleyville, Texas.  We are ready to get you the coverage that you need today.

woman reviewing insurance policies

What to look for when reviewing your insurance.

The end of the year is a great time to review and update your various insurance policies.  Updating your coverage now ensures that you are ready for whatever the new year throws your way.  Ready to conduct an insurance review but not sure what you should look for?  Here are some of the important things to look at when looking over your personal insurance policies.

  • If You Can Increase Your Deductibles

By now, you probably know that your insurance deductibles and your premiums have an inverse relationship.  This means that the higher your deductibles, the lower your premiums will be.  Policyholders are encouraged to assume a higher deductible as a means of saving money on their coverage.  So, during your review, look at your deductibles and decide if you can afford to raise them.  Keep in mind that you should never raise your deductibles to an amount that’s higher than you can comfortably afford, as this could prevent you from accessing your insurance when you need it the most.

  • If Life Changes are Reflected in Your Policies

Another reason to conduct a year-end review is to ensure that all your insurance policies are updated and accurately reflect your circumstances.  If you moved, got a new car, had a child, or made any other major life change, then it’s important to make sure that your policies reflect these changes.  Keep in mind that if your insurance provider does not have accurate information, then they can refuse to renew your policy and can even refuse to cover a claim.

  • If All Discounts are Applied

Finally, you should conduct a year-end insurance review to check to make sure you are getting all the discounts and reduced rates that you qualify for.  Changes in your circumstances often mean that you now qualify for discounts that you did not qualify for previously.  Make sure that all your discounts are applied to your policy to save a significant amount of money during the coming year.

These are some of the important things to look at when reviewing your insurance.  Do you need help managing your insurance review?  If so, then contact the experts at The Schwab Agency in Colleyville, Texas.  Our dedicated team is eager to assist you with all your personal insurance needs today.

police car with lights on, the effect of crime rate on auto insurance

Why your area’s crime rate affects your auto insurance rates.

When insurance providers calculate your auto rates, they will take several factors into account.  Some of these factors are considered “non-driving” factors, meaning they are not related to your vehicle or driving record.  Non-driving factors include things like your gender, marital status, and the crime rate in your area.  But why does something like crime rate impact your car insurance?  Here’s what you need to know.

Crime Rate by Zip Code

Car insurance providers use your zip code to check up on the crime rate in your area.  This is why they ask you to provide your zip code on your auto insurance quote request form.  Insurers are looking for specific, car-related crimes such as the following:

  • Vandalism
  • Break-in
  • Car theft
  • Accident rates
  • Fender benders
  • Hit and runs

How Crime Rates Affect Your Insurance

Auto insurers calculate your rates based on how likely they think you are to file a claim.  The more likely they think you are, the higher your rates will be.  When you live in an area with high crime rates, auto insurers automatically assume that you are at greater risk for having your car vandalized, stolen, damaged in a hit-and-run, and so on.  Because you would file an insurance claim for these issues, auto insurers look to protect themselves by raising your rates.

On the fortunate side, if you live in an area with lower crime rates, then you will have access to lower auto insurance rates.  This is because the insurer assumes that you are at lower risk for experiencing a claim-related event.

This is why your area’s crime rate affects the cost of your auto insurance.  Do you have additional questions about your car coverage?  If so, then contact the experts at The Schwab Agency in Colleyville, Texas.  We are ready to assist you with all your car coverage needs today.

man signing paperwork on his car

What to know about your insurance when your car is repossessed.

If your car has been repossessed, you probably have a lot of questions.  One of the things that you may be worrying about is your auto insurance.  For instance, you might wonder if your coverage is still valid and, if so, whether you need to keep your policy.  You might also wonder how having your car repossessed will affect your auto insurance rates in the future.  Here is what you need to know about your car coverage and having your car repossessed.

  • Your Insurance Requirements

Typically, cars are repossessed when you fail to make a scheduled payment to your lender.  If your car has been repossessed by the lender, then your auto insurance policy remains active (unless you have also forgotten to pay your premiums).  While you can choose to cancel your auto policy at the time of repossession, it’s in your best interest to maintain your coverage.  This is because, if you no longer have the car covered on your policy, then your auto lender will apply their own coverage and make you pay for it .  Because your lender’s coverage will likely be more expensive than your own, it’s cheaper to keep your auto policy until the vehicle is sold.

  • Check with Your Insurer

It is important to note that different lenders will have different insurance requirements during the repossession process.  For instance, some lenders will automatically add a repossessed vehicle to their insurance, even if you still have coverage on the car.  In this case, keeping your policy is redundant and will force you to spend unnecessary money.  So, speak to your lender and learn about their repossession protocol before making decisions on your auto insurance.

  • Repossession and Future Insurance

Repossession is a financial issue, not an insurance issue.  Naturally, most drivers assume that repossession will not cause rate increases or make it harder to secure affordable insurance in the future.  Unfortunately, they are mistaken.  While it’s true that the act of repossession does not affect your insurance company, it will devastate your credit score.  Because many auto insurers consider an applicant’s credit score when setting their rates, having a bad credit score will mean higher insurance costs.

This is what you need to know about your auto insurance on a repossessed vehicle.  Do you have additional questions regarding your auto insurance?  If so, then contact the experts at The Schwab Agency in Colleyville, Texas.  We are ready to assist you with all your car coverage needs today.