Homeowners and Auto Insurance are the two most frequently written insurance policies for us in Texas and Oklahoma. We strive to add new home insurance and auto insurance companies commited to giving insurance customers the best policy for the best price.
Auto & Home Insurance Quotes - The best and safest way to get an insurance quote is to call us with your information and let us shop it for you. However, if you would rather do this in the safety and comfort of your own home, go to our Home Page and you can directly enter your information on our secure website. We advise you do not try getting quotes from non insurance agency sites because of privacy issues. We are located in a bank with long term employees so you can feel secure about who is seeing your information.
HOW HOME INSURANCE RATES ARE DETERMINED
Discussing Frisco, Plano, McKinney, Dallas, Fort Worth & Little Elm Texas
Town Class Rating - Frisco Texas has some of the lowest home owner insurance rates in the state. The reasons for this are varied, however, it is mostly because of the protection class rating and because of the explosive growth over during the 2000's. Frisco Fire Department is only one in a few across Texas to be rated an ISO 1 which is the best rating that can be achieved. What this means to home owners buying insurance is your rate or premium you pay is going to be a lot lower than someone with the same house in Denton, Prosper or Little Elm.
Plano Texas also has this Town Class 1 rating. Steven Goss, our agency principle, lives in Prosper across the road from Deion Sanders. His insurance is about $300 per year higher than if he were in McKinney or Frisco. Town Class Ratings are hugely important in determining how much you pay.
Dallas County and Tarrant County have for years had huge differences in the rates people pay for auto and home insurance. Fort Worth and all of Tarrant County had large multi-million hail storm losses which caused rates to be much higher than those in Dallas and Collin County. Many insurers still require at least a 2% wind and hail deductible in Tarrant County.
Age - Another important rate factor an insurance company will use in determining your rate is the age of the home. Newer homes usually get the cheapest rates. Rates will slowly increase each year for about ten years until this discount does away. Over a ten year period, the average discount is about $400 that diminishes slowly each year.
Credit - The use of consumer credit is something that frustrates insurance customers and agents alike. However, insurance companies have proven with past claims statistics the value is using a credit scoring method to determine how much you pay for home insurance. This has been challenged in court and by regulators. It is here to stay.
Auto & Home or Multi-Policy Discount - This discount can be very large on both your home insurance premium and your auto insurance separately. Where this is most significant is for larger companies like Travelers Insurance Company, Hartford Insurance Company, Safeco Insurance Company and State Farm and Allstate. The discounts can be from just $50 to $500 per year.
The reasons behind these discounts is companies believe insurance customer pay their bills better and file less claims if they have all of their insurance together with the same company. Also, in the event of a large weather claim, only one claims person can visit the single location if multi policies are filing claims.
For a more lengthy discussion on Texas and Oklahoma Home and Auto coverages, please visit our agency principles website of www.stevengoss.com in the Insurance 101 Page, or the Texas Department of Insurance website at http://www.tdi.state.tx.us.
0 comments:
Post a Comment