Best Local Car Insurance Agencies in McKinney, TX

McKinney, TX Car Insurance Agency FAQs

• How soon can you get insurance payment if your car gets stolen in McKinney?

  You will only receive compensation after a specified period of time. Typically, insurance companies require a 21-day waiting period before settling a claim. If the McKinney police recover your vehicle within this timeframe, the insurer will request a repair estimate to help them decide whether to pay the claim. If your vehicle is still missing after 21 days, your insurance settlement will be prepared.

• Which car features can get you discounts on your car insurance policy in McKinney?

  Some McKinney auto insurers offer discounts for vehicles equipped with safety features such as stability control and anti-lock brakes, as well as passive restraint features such as automatic seatbelts. There may also be discounts available for anti-theft features, such as steering wheel locks, alarms, and LoJack systems. These risk-reduction features are eligible for discounts ranging from 2% to 40%. In addition, if the vehicle you're insuring is brand-new or a recent model, certain insurers may offer a 20% discount.

• Whose car insurance policy pays for damages if you get in an accident while driving a borrowed car in McKinney?

  If you were at fault for the collision, the damages will be claimed against the owner's insurance policy. If the car's owner is uninsured, you will be responsible for paying for any damages or injuries caused by the accident. If you frequently borrow other people's cars in McKinney, you should consider purchasing non-owner liability insurance. This insurance will cover any damages or injuries you cause to other drivers while operating a rented vehicle.

• What is the benefit of including underinsured and uninsured motorist coverage in your car insurance policy in McKinney?

  If you are involved in a car accident in McKinney and the at-fault driver is uninsured or underinsured, you may not receive any compensation or will have to file a lawsuit against the driver. If you have underinsured and uninsured motorist coverage, you will be compensated for your property damage and injuries. This coverage extends to hit-and-run collisions in which you have no driver to sue.

• How much car insurance coverage is required in McKinney?

  You must meet Texas’ three minimum requirements for liability coverage below. Aside from these, car insurance agencies in McKinney are also required to offer uninsured/underinsured motorist coverage (UM/UIM) and personal injury protection (PIP) coverage. Note that you have the right to forego these additional offerings, and your refusal will be documented in writing.
  Require minimum liability coverage: Bodily injury/death per person - $30,000 All bodily injuries/deaths per accident - $60,000 Property damage - $25,000