Balsiger Insurance in Corpus Christi, TX

Car Insurance Corpus Christi

Every minute of every day, there’s an auto accident reported in Texas, once every 59 seconds, and about half of those accidents also involve injuries.^[1]Corpus Christi, as the 8th largest city in Texas, has its fair share of fender benders and mobile mishaps as well. This short guide discusses essential auto insurance coverages you’ll need to protect both your car or truck and your wallet.

Average Cost of Car Insurance in Corpus Christi

According to a recent study, which compared car insurance rates for a 30 year old male, Corpus Christi had an average car insurance rate of $2,200, slightly less than the state average in Texas. Whether you’re new to the Corpus Christi area or have lived here for years, your rate can vary significantly from the average, either higher or lower.

Corpus Christi car insurance rates are based on many factors, with some insurers using thousands of data points to determine a rate. Among the factors that often have the most impact are the type of car you drive, your claims history, marital status, and whether or not you own your home.

What’s Covered by a Typical Car Insurance Policy?

Your car insurance Corpus Christi policy has four main coverages as well as some smaller coverages related to these.

Collision Coverage

This coverage is for your car or truck and pays to repair damage due to impact with another vehicle or a stationary object, or due to a vehicle rollover. Most lenders require this coverage and even if the car is paid off, collision coverage can be a lifesaver. If your car can’t be repaired for less than the car’s value, your insurer pays you for your car’s actual cash value, less your deductible.

Comprehensive Coverage

If collision coverage is for auto accidents, you can think of comprehensive coverage as coverage for (almost) everything else. Theft, vandalism, impact with animals, falling branches, hail damage, broken glass, and more are covered by comprehensive coverage.

Liability Coverage

Liability coverage is the part of your auto insurance policy that’s required by law because it’s coverage for other people — and their property. Most people in Corpus Christi don’t own vehicles worth hundreds of thousands of dollars. The potential loss if your car is damaged is limited to the value of your car.

However, if you injure someone or someone injures you, the costs can be dramatically higher than just a damaged car. One part of your liability coverage is for bodily injury to others. A second part of your liability coverage is for damage to the property of others, including other cars, street signs, guardrails, buildings, or anything else that people sometimes bump into with their cars.

PIP or Med Pay

In Texas, you have the option of Personal Injury Protection or Med Pay to pay for injuries of people insured on your policy if injured by an automobile. Med Pay is a simpler coverage, paying only for medical expenses. Personal Injury Protection (PIP) is a more robust coverage, providing for other injury-related expenses, such as income replacement.

What Are the Minimum Car Insurance Requirements for Texas?

Texas requires liability coverage for automobiles:

• Bodily Injury Liability Insurance: $30,000 per person/$60,000 per accident
• Property Damage Liability Insurance: $25,000 per accident

Auto insurance agency in Corpus Christi, Texas

Balsiger Insurance: Corpus Christi offers discounts for auto insurance vary by insurer, but some discounts are fairly common. Accident-free discounts are available from many insurers and reward your safe driving with lower premiums. Good student discounts are also commonly available for younger drivers and there may be discounts available for purchasing your home and auto insurance from one insurer, usually reducing the cost of both policies.

https://ftp.dot.state.tx.us/pub/txdot-info/trf/crash_statistics/2016/01.pdf

Home Insurance in Corpus Christi, TX

Looking for home insurance Corpus Christi? Give us a call (361) 400-2973 to talk with a home insurance agent today!

The promise of surf, sun, and fun brings millions of tourists to Corpus Christi each year, many from inland parts of Texas, but as one of the Lone Star State’s must-see destinations, the Sparkling City by the Sea attracts tourists from all over. Over a half million people call the Corpus Christi area home, a number increasing each year, making Corpus Christi the 8th largest city in Texas.

Insuring a house in Texas’s own paradise by the Gulf has some special considerations. Snow isn’t much of a concern — ignoring 2004’s white Christmas — but wind, rain, and other risks can damage a home in many ways and it’s important to understand how your policy can protect you.

Cost of Homeowners Insurance in Texas

Residences located inside Corpus Christi are slightly less expensive than in the surrounding metro area, with the city having a mix of both old and new priced at a median value of about $205,000. While housing is generally affordable, life by the Gulf has its costs, one of which can be home insurance premiums.

Rates for home insurance in Corpus Christi can vary significantly depending on many factors including your rebuild cost. A recent study found the average cost of homeowners insurance in Corpus Christi, TX to be about $3,600 per year. Bear in mind that waterfront properties drive averages upward and smaller or average homes are less expensive to insure.

Coverages

Your home insurance policy is made up of several coverages, each of which protects you or your home in a different way.

Dwelling Coverage

The coverage that pays to repair your building itself is called dwelling coverage. You’ll want to insure your residence for the full cost of rebuilding if it is damaged or even destroyed by a covered peril. A peril is just a risk, like a fire or water damage from a burst pipe.

Dwelling coverage includes the main building, but a related coverage, called Other Structures covers your fencing, sheds, or any other unattached structure.

Personal Property Coverage

Your personal belongings, including your furniture, electronics, clothing, and other possessions are covered by personal property coverage.

There are some special considerations for this coverage and our Corpus Christi insurance agents can walk you through your options. Personal property can be covered for Actual Cash Value (ACV), which is how most policies are structured, or it can be covered for Replacement Cost Value (RCV). Actual cash value is a depreciating value based on wear and tear due to age, similar to how car insurance works. Replacement cost value pays the cost of replacement for your damaged or lost property.

Jewelry and other types of valuables often don’t depreciate but coverage can be limited on many policies. Ask your agent how to fully insure your jewelry and valuables. Your options usually include scheduled item coverage or a separate policy specifically for valuable personal items.

Liability Coverage

Your policy also comes with liability coverage to protect your building against costly lawsuits. Coverage amounts begin at $100,000.

Windstorm Insurance & Flood Insurance

Living within reach of the Gulf’s saltwater breezes comes with some risks. For windstorm coverage, including hurricanes, many insurers may require a special deductible or a special rider to your policy. Floods are similar challenge. Homeowners insurance doesn’t cover floods, but you can purchase a separate flood policy.  Many policies exclude wind coverage which means you have to purchase a separate wind policy.

Our office is located near Moore Plaza and the Oso Beach Municipal Golf Course.

Life Insurance in Corpus Christi, TX

Life insurance may be the most underutilized insurance coverages in Texas. Most of us know that life insurance will provide for our dependents if something happens to us, but it can do much more than that. Life insurance has interesting uses as a savings tool, income stream during retirement and as a means of inheritance. Contact us today to learn more about what it can do for you.

Business Insurance in Corpus Christi, TX

Are you a business owner in Corpus Christi? Our team can insure your business! We offer the convenience of having all your insurance coverage with one local insurance broker.

We provide coverage from some of the top rated insurance companies in Texas. Let us create a comprehensive insurance package for your unique operations and risk. We offer commercial auto, general liability, property insurance, inland marine and more.