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Replacing Parked Car Insurance in Texas

Replacing your parked insurance with a new policy sold by another insurance provider or replacing it with another coverage is a decision that you can face at any time. This can be due to various factors, such as the insurer not meeting your needs, not offering good enough deals, or you want full coverage on your vehicle.

Make sure to always speak with state-licensed insurance professionals, who can assess your auto insurance needs and offer professional advice on the possible options. There is no need to guess, when a knowledgeable professional can research the options and explain to you the differences.

How Can I Replace my Parked Car Insurance?

When replacing your parked insurance policy, follow these guidelines:

  • Decide the coverage limit you want from the new insurer.

  • Read through the policy to study the important clauses like exclusions, cancellation notice, short rate fee, or refund.

  • Shop for multiple quotes from at least three insurers.

  • Discuss with your current insurance provider to see if they can lower your rates and afford you more discounts.

  • Do your due diligence by researching your new insurance provider via the online platform provided by the Texas Department of Insurance and the National Association of Insurance Commissioners (NAIC) to check reviews.

  • If you have decided to go with your new insurer, cancel your existing policy, so you are not paying for unnecessary duplication coverage. .

It is advisable to involve professionals by speaking to a state-licensed insurance agent when you decide to change, cancel or replace your parked insurance policy. Make sure you understand the effects of the changes you are making. If you do not fully understand something - ask questions.

Can I Switch my Parked Insurance to Another Insurance Coverage?

Typically, it is considered comprehensive only insurance when purchasing parked car insurance. This is because your auto liability insurance and other auto insurance coverage on the vehicle are suspended. If you intend to drive your parked car, you have to switch your coverage back to your auto liability insurance and other insurance coverage you have on the vehicle. It is against the law to drive your vehicle without auto liability insurance coverage in Texas. You will have to switch your parked car insurance to auto liability, comprehensive, and other insurance. Consult with a state-licensed insurance agent if you intend to switch your parked car insurance to another insurance coverage for professional guidance.

Can I Change Parked Car Insurance Companies at Any Time?

You can change your parked insurance company at any time. However, before you do so, it's essential to talk to an insurance agent to get multiple quotes and details about any new parked car insurance policy you are getting.