How Does Auto Insurance Work?

As a car owner in Houston, TX, it is vital to get your auto insurance from Memorial Insurance Agency. Still, it would be more critical if you can understand how auto insurance works. With this knowledge, you will always drive with confidence, and you will know where your auto insurance policy will help. In most cases, car insurance policies help in the following circumstances. 

Financial Liability Coverage

As you drive, you might be involved in an accident where you will damage other people’s cars and property. Auto insurance helps you cover the financial liabilities you will be required to pay when such incidents happen. All the financial requirements will be handled by your auto insurance provider, especially in third-party insurance policies. 

Medical Liability Coverage

In case of an accident where one of your passengers or a pedestrian is caught and injured in the accident, it is your insurance provider who will pay for the necessary medical bills. In this case, your auto insurance company will help you to cover all medical expenses, income replacement, and punitive damages where they have been demanded. 

Repair Coverage

There is no doubt that your car will require professional repair services from an experienced auto repair expert after being involved in an accident. The cost might be too high for you to cover. However, if you have a car insurance policy, your insurance company will pay for all the necessary expenses. 

As you can see, knowing how auto insurance works helps you to save thousands of dollars in repair, medical, and financial liability that you would have covered through out-of-pocket expenses. As such, you should get car insurance that covers the benefits discussed above. Memorial Insurance Agency is the leading auto insurance company in Houston, TX, that can provide a cover that meets the needs of your car.

Why should I have more than basic auto insurance

You never realize how important your auto insurance is until you have to use it. It is something most people take for granted after getting it when they first purchase a vehicle. If you have a local insurance agent it is likely they know you and make an effort to keep your insurance up to date. If you live in Houston, TX or the surrounding area Memorial Insurance Agency is a respected and professional insurance agency that you can count on for help no matter what your insurance needs are. 

In Texas, drivers must prove they can pay for the damages from an accident they cause. The easiest way to do this is with an auto insurance policy. The basic amount required of every driver is 30/60/25. This breaks down as $30,000 injury coverage per person with a cap of $60,000 per accident and $25,000 in damage to property. This sounds like quite a lot until you think about what a typical hospital visit costs and the price of vehicles. Then suddenly it seems very basic and is only adequate you have little or no assets. 

You are not required to carry collision and comprehensive unless you are leasing or have a vehicle loan. Paying to have your vehicle repaired or replaced is on you if you don’t have these types of auto coverage. This can be a very expensive proposition and one you need to really consider when it is time to choose what type of coverage is right for you. 

In Houston, TX,  Memorial Insurance Agency we want to sit down with you to discuss your auto insurance needs. That is how we do business, we listen to you and make sure you get what you need and want at a price you can afford. Stop into the office or call us to get a no-obligation quote. 

Frequently Asked Questions About Auto Insurance.

Memorial Insurance Agency serves the city of Houston, TX and the surrounding areas with quality insurance services. We understand that buying auto insurance for the first time, or a new policy from a new state can bring up a few questions. 

Here Are Some FAQs About Auto Insurance:

  • Is auto insurance a legal requirement in the state of Texas? Yes, the state of Texas requires a minimum of liability insurance and most auto lenders require full coverage while you pay them. 
  • What happens if I leave the country in my car? Because Texas shares a border with Mexico this is a great question. Mexico does not legally recognize auto insurance policies but you can buy liability specifically for your trip for your protection. Ask your agent about it before you travel. 
  • Do I need additional coverage to let my friend borrow my car? If your friend is a legal driver and is only borrowing it once then he/she should be covered. But if they are a habitual driver of your car or if your friend has any legal reason they should not be driving this can negate the protection. It is best to ask an agent if you are unsure. 
  • When will my auto insurance policy be effective? Your policy is effective on the exact date of your policy paperwork. Often this date will be the very day you purchase it. You can never backdate your auto insurance policy start date. 

If you live in our around Houston, TX, give us a call at Memorial Insurance Agency to discuss your auto insurance needs. We are happy to answer any further questions you have and will make the process of purchasing a policy as simple as possible every step of the way. 

Auto insurance will help when you are stuck by the side of the road

Nothing is quite as aggravating or – on occasion – as frightening as being stuck by the side of the road after an auto mishap. But, as the Memorial Insurance Agency serving Houston, TX would like to let you know, your auto insurance policy will be of great help in such a situation.

If you are stuck by the side of the road due to an accident involving another motorist, be sure to make certain the other person as well as you and your passengers are all right and, if necessary, call 911 for an ambulance.

Exchange insurance and other information with the other party and, if a patrol officer becomes involved, give as truthful an account as possible about the accident.

Contact your insurance agency. You will be given instructions about what to do, including summoning a tow truck and where to take your vehicle and yourself if that option is available.  This might be a place recommended by your insurance agency or a place of your own choosing.

If you have collision insurance, and for any kind of new model vehicle you should, then the cost of repairing your vehicle will be covered, minus the deductible and up to the cost of replacing your vehicle. If the cost of repair exceeds the cost of replacement you could pay the balance out of pocket or use the money as a down payment for a new car.

You should at least carry liability insurance. It is the law in every state of the union and will cover the costs of an accident incurred by the other party if you are judged to be at fault.

For questions about auto insurance feel free to contact the Memorial Insurance Agency serving Houston, TX.

What Are the Benefits of Taking a Defensive Driving Course?

Defensive driving courses aren’t just for teenagers who are just learning to drive. The agents at Memorial Insurance Agency have the answers you need about these types of classes. Residents in Houston, TX who choose to take a defensive driving course can reap the rewards and turn a copy of their completion certificate into their insurance agent.

Refreshes What You May Have Forgotten

Defensive driving courses are designed for anyone who needs to learn (or re-learn) the basics of defensive driving. If you have been driving for several years, there may be a few tips or tricks you may have forgotten. Everyone can benefit from taking an updated defensive driving course every few years. 

Provides You With Updated Information

Defensive driving courses are revised and updated every year or two. This ensures that the information being taught is as current as possible. This can include changes in the laws that have to do with speed limits or school zones. Laws vary from state to state so taking a defensive driving course is beneficial if you move to another state.

Might Make You Eligible for a Discount on Your Insurance Premiums

Successfully completing a defensive driving course may also make you eligible for a discount on your auto insurance premium. If you have questions about any of these benefits contact the agents of Memorial Insurance Agency. The agents are highly trained and can assist residents of Houston, TX in finding the answers they need about defensive driving courses. They may also be able to tell you where you can find these types of classes online so you don’t have to visit your local DMV.

Make Sure Your Auto Policy’s Replacement Coverage is Adequate for Your Needs

Today’s cars are lasting longer than ever, and while this is a great way to maximize your investment in your vehicle, your insurance policy may not be providing the coverage you need. As your car ages and experiences more wear and tear, it will be worthless money. If you are insuring the present value of your car or truck, you may be in for a rude awakening if something catastrophic happens to your vehicle. The team at Memorial Insurance Agency is here to help our friends and neighbors in the greater Houston, TX area get the coverage they need.

What You Need to Know About Replacement Coverage

When your vehicle is determined to be a total loss, whether due to theft, damage, or collision, your policy may not have the coverage that you need.

  • There may be a wide variance between the present value of your vehicle and its replacement value. If your policy is only adequate for the current value of your car, you may be left paying out-of-pocket to replace it.
  • You may not be able to get any money at all for your totaled car. There are situations when you won’t be able to sell your current vehicle due to extreme damage or theft.
  • The current coverage amount included in your auto policy may not be sufficient for you to purchase the type of vehicle you need. If your car is totaled, your policy may not have the level of protection you need.

Want to find out more about your replacement coverage options in the greater Houston, TX area? Call or stop by the Memorial Insurance Agency today and speak with one of our helpful agents about the policy options that are right for you.

Understanding Your Car Insurance Coverage

In Houston, TX, you are required to carry a certain amount of auto insurance. Do you really know what that entails? Memorial Insurance Agency would like to break it down for you so you can have a better understanding of what having car insurance means for you.

Types of Auto Coverage

You can have different and specific types of coverage. It’s really based on your needs. If you work out of your home and don’t drive very often, you may need only the basic coverage. If you travel every day to work or school, you may need additional coverage.

Liability Insurance Policies

Because we don’t know the future, liability insurance is there to cover any accidents that may arise.

Bodily injury liability — pays the individuals that are injured if you cause or are found to be at fault for an accident.

Property damage liability — is used for the cost of damages related to another person’s property if you cause damage to their property while in control of your vehicle. This can include a house, mailbox, building, or other property that is damaged.

Optional Insurance Coverage for Your Vehicle

Collision coverage — is used in instances where you are involved in a vehicle-to-vehicle or vehicle-to-object crash. It helps to cover the cost of your vehicle’s damages.

Comprehensive coverage — is to be paid if your vehicle is stolen or damaged. The damage cannot be caused by a collision. For example, if someone vandalizes your van or steals it, you could use comprehensive coverage to have your vehicle replaced.

To find out the specifics of what is covered in your policy, you will need to talk with the experts at Memorial Insurance Agency in Houston, TX. We can also help you add coverage or begin a new policy.

5 Reasons Young Drivers Pay More

Auto insurance premiums for young drivers can be heart-attack-inducing. More than a few parents must have been forced to choose between using their savings for their child’s college fees, or for their auto insurance. But why exactly are teen drivers such an expensive proposition for insurance companies?

  1. Young Drivers Are An Unknown Risk: Insurance calculations partly base their calculations on a driver’s prior history. Teens are an unknown quantity because they only just started driving. Therefore, insurance carriers assume the worst-case scenario when assessing premiums. It’s up to the young driver to maintain a clean driving record for the first few years and then premiums will start to come down.
  2. Young Drivers Have More Accidents: A fact of life is that young drivers have more accidents than older ones. This is supported by a large amount of data gathered over many years. Insurance is a risk pool where everyone must pay for the accidents of others – therefore it is not surprising that younger drivers are expected to pay a higher proportion of the costs!
  3. Young Drivers Are Less Experienced: It takes a long time to build good driving skills, especially when handling emergency situations. Defensive, risk-averse driving is something that takes many years to master. Young drivers tend to misjudge situations on the road, and are more prone to panic or over-correct.
  4. Young Drivers Are More Prone To Distracted Driving: Ever seen a young person NOT using a cellphone?! Take a moment to observe other drivers on the road (but obviously not while you are driving!). It is hardly surprising that distracted driving contributes to an ever-increasing percentage of serious accidents among young drivers.
  5. Young Drivers Are Crazier Drivers: Science supports the assertion that teen drivers are more likely to engage in high-risk behaviors. High-risk driving on the highway is not an attractive prospect for insurers. Young men are especially likely to speed, tailgate, and have an overly inflated opinion of their own driving skills.

One of the best ways to save money is to shop your auto insurance with a range of different providers. At Memorial Insurance Agency in Houston, Texas, we have a wide range of options to choose from – give us a call for a quote today.

Hit-and-Run: Does Your Auto Insurance Policy Cover You?

Being involved in a hit-and-run car accident can be scary and frustrating. If you are involved in an automobile accident, you are required by law to stop and exchange information with the other driver. But if a driver takes off instead of stopping, your head may be swirling with questions. Here at Memorial Insurance Agency, serving the greater Houston, TX area, we are often asked if auto insurance offers coverage in the event of a hit-and-run accident. You may be covered only if you carry one of these two types of policies. 

Collision Coverage

Collision coverage will cover both your vehicle and any injuries you or your passengers may sustain if a driver hits you and fails to stop. Your insurance company often requires that you report the accident to the appropriate authorities in order to provide coverage for a hit-and-run accident. Additionally, you are typically required to pay the deductible, even if the accident was not your fault, unless the hit-and-run driver is found. 

Uninsured Motorist Property Damage Coverage

Collision coverage does more than provide coverage for hit-and-run drivers. Unfortunately, not every driver needs the coverages it provides. If you are looking to simply protect against uninsured or hit-and-run drivers, some insurance companies offer a coverage called uninsured or underinsured motorist property damage coverage. This type of insurance will protect you against a driver who does not have insurance, does not have enough insurance coverage to cover the damage they caused and/or if you are involved in a hit-and-run accident. 

Unfortunately, not every auto insurance policy type provides any or ample coverage if you are involved in a hit-and-run accident. This is why it is so important to ensure that you have the best auto insurance policy for your needs. Here at Memorial Insurance Agency, serving the greater Houston, TX area, we will help you select the best type of auto insurance policy for you. Call us now to learn more. 

Road Rage and Auto Insurance

Want to know why “road rage” is not covered by many auto insurance policies? The simple answer is that property damage or liability claims resulting from aggressive driving are not considered to be accidental, but rather, an avoidable consequence of risky behavior.

Even if you’re feeling calm, you don’t want to become part of someone else’s auto accident as a result of their bad driving choices. The following tips may save your bacon on Houston’s high-octane highways:

  1. Stay far away: Slow down or change lanes to leave as much space between you and the offending driver as possible. If you are being tailgated, move aside to reduce the chance of being run into from behind if you are forced to brake sharply.
  2. Note the vehicle details: Pull over and report the aggressive driver to the police. Remember – do not make a call on your cell phone while driving!
  3. Don’t use hand gestures: A middle-finger salute could quickly escalate the situation out of hand if the other driver is already feeling angry, aggressive, or upset.
  4. Don’t confront another driver: In a moment of madness, it may be tempting to follow the person who just cut you off, force them off the road, and teach them a lesson using a tire iron or firearm. Don’t do this.
  5. Practice empathy: Maybe the aggressive driver is running late for work, or just had an argument with his wife. Perhaps the slow driver is lost, or has a mechanical issue with his vehicle. At some point, everyone has been one of those drivers – try not to take the bad driving of others personally.

Stay safe on those crazy roads and if you need auto insurance advice, call your friends at Memorial Insurance Agency in Houston, Texas!