High Percentage of Drivers May be Overpaying for Car Insurance

May 24, 2014 - PRLog -- According to some estimates (http://techcrunch.com/2013/11/19/metromile/), up to 70% of car owners in the U.S. may be overpaying for car insurance without even realizing it.

The main reason for overpayment is simple: many people are not aware of what is included in the policy, and fail to keep up-to-date on coverage and terms.

“Because many drivers are unaware of what is and isn't included in their policies, it’s easier for overpay without realizing it,” says Frank Hursh, owner of Houston-based insurance agency, Insurance Agency Texas. “Understanding what’s included in your policy can help you to choose the best coverage that you need, which in turn can help you to save.”

One way that drivers often overpay for car insurance, is by over-insuring used cars -which is one reason why it’s important for drivers to keep up-to-date on their policies, and make sure they aren’t over-insured.

“There is no “one size fits all” package when it comes to car insurance, differing car values will be reflected in the differing insurance policies,” says Hursh. “If you have a car that is worth $5000, taking out a $10,000 coverage plan is unnecessary. However, if you have a new car that’s valued higher, it’s important to make sure you have coverage to repair or replace the car should it become totaled.”

There are other simple ways to save as well. Most probably wouldn’t think of it, but a clean driving record can often help a driver to save up to 10%.

Often, simply asking the insurance provider about discounts can help drivers to save as well. For example, insurance companies often offer discounts for customers who bundle their insurance policies.

Additionally, keeping insurance providers up-to-date on significant changes in your life can have a positive impact on insurance premiums.

“Changes such as moving into a safer neighborhood, or storing your vehicle inside of a garage rather than leaving it outside at night, can help to lower your rates,” says Hursh. “Updating your insurer on your marital status can help you to save as well.”

Insurance Agency Texas works hard to provide drivers across the state of Texas with best deals on car insurance. To learn more ways that you can save money on Texas car insurance, visit Insurance Agency Texas (http://www.insuranceagencytexas.com/) today.