817-485-5050 info@schwabagency.com

How Discount Car Insurance Can End Up Costing You

Find out how cheap car insurance can end up costing more than you ever imagined.

No one wants to pay more for their auto insurance than they have to, and this is why many drivers choose the cheapest car insurance options available. While this might save money at the outset, relying on discount car insurance can actually end up costing you more in the long run. Here are some of the ways in which discount car insurance can end up breaking the bank.

  • Your Own Injuries and Repairs

While most states require drivers to carry some minimum amount of liability insurance, this type of insurance only covers the cost of other people’s repairs and injuries. If you rely on discount car insurance, then your policy might not provide coverage for your own medical and repair costs. This means that you are financially responsible for your own injuries and damages.

  • Minimal Liability Coverage

Even if you have some liability coverage, if you have cheap car insurance, there’s a good chance you do not have enough liability coverage to completely cover the cost of another’s repairs and medical costs. If your policy cannot cover a claim, you could end up in court where a judge could order the garnishment of your wages. This means you would have to give up a portion of your wages to cover what your insurance could not compensate for.

  • Coverage for Other Drivers

While most auto insurance policies provide coverage for you, listed household members, and the friends and relatives you let borrow your car, discount car insurance might not be so generous. If you have cheap car insurance and your friend gets into an accident while driving your car, your insurance might deny you coverage. In this case, you would be left to handle the cost of the accident alone.

These are some of the hidden costs associated with discount car insurance.  Generally, it’s much better to have the comprehensive auto insurance coverage that you actually need.  To find the right policies for you, contact the team at The Schwab Agency in Colleyville, Texas.  We are ready to get you the coverage that you need today.

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The Schwab Agency

The Schwab Agency, LLC has over 20 years of experience within the insurance industry in our community and our goal is to bring you unparalleled service and dedication. Since the majority of our business is through long-lasting relationships with our clients, fulfilling your needs is of the highest priority.

COVID-19 Update:


Due to new increasing cases of Covid-19 our office will be closed to the general public until further notice. Our team will still be working full-time in the office and here to assist with all your insurance needs. Please contact us via phone at (817) 485-5050 or email: info@schwabagency.com.


We hope everyone is doing their part to protect themselves and their loved ones during these hard times, and thank everyone for understanding our decision to do our part to help protect our staff and those in our community.


Tim Schwab.
President and Managing Partner