Auto, Home & Commercial Insurance Tips

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Texas companies must maintain minimum amounts of commercial auto liability insurance coverage to comply with state laws. Depending on your vehicle type, your business may also be subject to Federal Motor Carrier Safety Administration (FMCSA) regulations.

What Does Commercial Auto Insurance Cover?

Commercial auto liability insurance may help provide financial protection from third-party injury and property damage claims, but it only pays up to the policy’s limits. Depending on your risks and exposures, your agent may recommend that you purchase more than the minimum required amount of liability coverage.

Depending on the optional coverages you choose, commercial auto insurance may also help protect your company’s vehicles and help cover accident-related injuries for your company driver and their passengers. Your agent can help you understand how your coverage options may help protect your company from the adverse financial effects of certain damage or injury-causing accidents and incidents.

Commercial auto insurance is highly customizable....

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Texas companies with commercial auto insurance have access to valuable financial protection as outlined in their policy. Understanding who is covered by a company’s commercial auto insurance is crucial.

Your company’s auto coverage form details who is insured under the commercial auto insurance policy. Insured drivers may include the following:

  • You, as the named insured or the person listed in the policy’s declarations
  • Permissive users or anyone driving a covered vehicle with your permission
  • Omnibus insureds or anyone who operates a covered vehicle with the policyholder’s implied or express consent

Contact your agent if you have concerns about your commercial auto coverage and who can operate a company-owned, rented or leased vehicle.

Does Commercial Auto Insurance Cover Personal Use?

Generally, a commercial auto policy includes personal use of a business vehicle. But family members who operate a company-owned vehicle may not be covered. Check with your insurance agent to learn more about your policy’s...

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Is car insurance more expensive in Austin, Texas?

Austin is one of the most populated cities in Texas, and residents pay slightly higher auto insurance premiums to reflect that risk. The average cost of minimum liability car insurance in Austin is $979, whereas the statewide mean is $926.

Why is Texas car insurance so expensive?

Why is car insurance expensive in Texas? Car insurance in Texas may be costly because of its highway density, rate of car thefts, high-speed limits, dense urban population, and high risk of natural disasters, increasing the risk of crashes and accidents. Insurers charge higher premiums based on these risks.

In Austin, a standard policy with $250,000 in personal property limits costs an average of $2,417 annually, while $100,000 in personal property limits costs $2,341 annually.

Why is Austin home insurance so expensive?

In the Lone Star State, the average cost to insure a home is currently north of...