El Paso has a tad cheaper insurance rate as compared to the rest of the cities in Texas. However, auto insurance in El Paso TX can differ from one location to another. Some towns or areas have cheaper insurance costs than the other. Northeast El Paso is more expensive as compared to Chihuahua and El Segundo Barrio. An area with a high crime rate, theft, violations of laws, or accidents reported will lead to an increase in the auto insurance in that El Paso TX area. The lesser the crime or violations of laws, the lesser will be the insurance cost of that area.
It is mandated by law to have car insurance in El Paso. El Paso is close to the Mexican border, and the car insurance purchased from El Paso is not applicable in Mexico. If you have to travel to the other side of the border, you will require Mexican auto insurance.
In El Paso, I-10 highway has a record of a high number of accidents. The interstate roads that pass through the center of the city also show a huge number of accidents. Like Dallas, El Paso is also known to have a huge number of fatal accidents because of drunk driving. A drunk driving record in a driver’s driving history will lead to a rise in his insurance cost. Also, if you’re in an accident and found to be at fault, your insurance cost will rise to the expensive side.
A clean driving record will give you a cheaper insurance policy. So it is imperative to follow the road laws, avoid any violation of laws, avoid drinking and driving, and be safe and careful while driving. It will not only help you to get a good insurance rate but on the brighter side to be safe on the road as well. Make sure you check the best car insurance companies before you choose the right car insurance in El Paso Texas.
Drivers in El Paso should look for a policy that gives them optimum coverage. They should also consider looking for coverage options such as collision coverage, comprehensive insurance, and personal injury coverage. However, if you already have health insurance, you can avoid taking the personal injury coverage as it will cover any medical expense in case of an accident. Texas follows the law of 30/60/25 policy coverage, which is as follows:
- Bodily injury – $30,000 per person
- Bodily injury – $60,000 per accident
- Property damage – $25,000
Factors that Determine Auto Insurance in El Paso TX
Teenagers are considered risky drivers in El Paso, like in every other state in the United States. Hence they pay the highest insurance premium charges. From the age group of 20 years onwards, the premium amount starts to steadily decline until the age group of 50. The age bracket of 50 pays the lowest premium charge.
From the age of 60 onwards, the premium amount again starts to rise steadily. Even the credit score plays an important role in the increase and decrease of premium rates. Individuals with good credit score pay lesser as compared to those with a poor credit score. Drivers should consider improving their credit score to get better insurance rates.
Other Factors that Determine Car Insurance in El Paso Tx
Gender also plays an important role in determining insurance rates. Females pay lesser premiums than males. Also, if you’re married, you pay lesser than single, widowed, or divorced individuals. Widowed car owners or drivers pay lesser than single or divorced insurance payers. Premiums are expensive for single and divorced individuals.
Car owners and drivers looking for auto insurance should look for NAIC ratings to find reputed companies with strong financial stability. Avoid going for companies who are providing insurance at cheaper rates. Compare rates with various insurance companies and find the best quote. Also, look for maximum coverage so that you don’t have to bear huge expenses in case of unexpected accidents.