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Have you ever thought why the premium rates of two customers purchasing the same type of car are different? This is due to the fact that there are many factors are responsible for the variation in the car insurance rates. These rates are determined by the risk evaluation experts based on the amount of risk the company is taking by insuring a particular type of vehicle. Higher the risk involved, higher will be the insurance rates.

Given below are some of the important factors that help in determination of car insurance rates.

• Value of car: Insurance rates for expensive cars like SUVs and similar luxury vehicles will be higher than the smaller cars as the insured declared value of costly cars will be higher. Even two cars of same cubic capacity manufactured by different companies will have a difference in their prices. This eventually reflects on the insurance premium that you need to pay.
• Driver's history: Those having a poor driving record or a history of accident, drunken driving conviction or over speeding fines are charged a higher insurance rate. This is due to the increased amount of risk of claim that has to be taken into account by the insurance company.
• Type of car: Different types of cars are equipped with diverse safety and security features. The enhanced safety of a car can be assessed by factors such as: car damage history and number of accidents of a particular type of vehicle. If you own a car model that has a record of higher number of claims, you will be charged a higher rate for your insurance policy.
• Demographics: Insurance rates vary for different zones and are determined on the basis of number of theft and insurance claims in a particular area. Densely populated areas have a higher number of theft incidents and accidents. Hence, cars purchased by customers in these areas are automatically charged a higher rate of insurance premium.
• Age of the customer: Generally, young drivers are prone to accidents as they drive more swiftly as compared to old-aged drivers. Therefore, people buying a car at younger age will be charged a higher rate of insurance premium due to the increased amount of risk associated with them.
• Usage of vehicle: The car which is being used for commercial purposes will remain on the road for a higher period of time and is consequently more prone to accidents. Hence, such types of cars are charged a higher rate of insurance premium than the cars used for personal purposes.
• Occupation of the buyer: Individuals in the occupation of sales and marketing, or politicians etc. have a higher risk of casualties and thus will be charged more for car insurance as compared to those in desk jobs such as operation staff working in the back office etc.

For affordable car insurance in Killeen, TX, get in touch with Shawn Camp Insurance Agency, Inc. We can be contacted at (254) 526 – 0535.

Home insurance rates can significantly vary from one house to another depending on the type of home and age of your building etc. Having more expensive items in your home also affects the premium rates. Every insurance company has different insurance policies and strategies to decide the home insurance rates. Below are the important factors which will affect the rates of your home insurance.

• How old is your home? : The home insurance rates hugely depend on the age of your home. Generally, the older constructed homes are charged more by insurance companies since they require repair and maintenance work on a frequent basis. Also, the insurance companies may charge a higher premium amount if they fear early claims. Therefore, it is necessary to get minor repair work done in your property in order to have a positive impact on premium calculation.
• Features in the home: Additional security features in the house such as a burglar and fire alarm, CCTV cameras or wall fencing will help in the reduction of home insurance premium rates. On the other hand, utilities like swimming pool, roof top garden or indoor Jacuzzi will increase the insurance premium.
• Location of home: Home insurance premium rates also depend on the location of your home. A home situated in an isolated place outside the city will fetch higher insurance premium because of an increased risk of a burglary or fire. Additionally, a house located in the town or near the fire and police station will amount to a lesser home insurance premium.
• Type of home appliances: The type and number of home appliances installed in the house will also affect your home insurance rates. A house having more electrical appliances will have an increased risk of short circuiting or fire and hence will amount to extra premium as far as home insurance is concerned. As the owner of the house, you need to declare the number of home appliances to be included in the insurance coverage. The insurance company will accordingly decide the premium rates.
• Inclusion of costly articles: Certain articles such as antique pieces and jewelry items are costlier in terms of their value and hence need to be included separately in the home insurance policy. Therefore, a house having a large number of expensive items will have a higher insurance premium and vice versa.
• Deductible: One of the other key factors that are taken into consideration while deciding the home insurance premium rates is the deductible. A higher deductible corresponds to lower insurance premium and a lower deductible will fetch you high premium rates. But decide on a deductible only after calculating your budget and how much you can afford to pay.

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Home is the most valuable asset that you possess and therefore it is important to safeguard it from damage. Having an insurance plan assures that your home is financially secured at the time of unforeseen events like accidents fire, theft, leaking pipes, ightning etc. Your insurance company calculates the cost needed to rebuild your house or restore the damages and helps you cope up with the situation. An insurance policy with extensive coverage is imperative to live a stress free life.

A home insurance policy pays for the following –

Building or structural damage –It covers any damage caused to the physical structure of the property, except the land. Depending upon the coverage limit, insurance policy will safeguard your building against harms caused by short circuits, natural calamities, plumbing issues etc.

Possessions inside the house – Your valuables are always under a risk of either being broken, stolen or getting damaged due to endless reasons. If you have an insurance plan, you’ll be able to replace the damaged items by filing a claim as your insurance company will compensate the loss. The possessions covered under this policy may include clothes, jewelry, electronic appliances, gadgets etc.

Liability coverage- If a visitor gets injured in your premises or you accidently damage the property of your neighbors, having an insurance plan will save you from the liabilities such as-

• Paying for the treatment of the injured person (hospital bills, medication, diagnostic tests etc.
• In case the injured person is unable to return to his work, you’ll be legally liable for his lost wages. Your insurance company can help you get out of such situations by providing financial help.
• The insurance company will pay all your legal expenses in case the injured party files a case against you

Additional living expenses – When your property gets damaged by a disaster or a mishap and you have to stay in a rented accommodation till the restoration of the house, the insurance policy will pay for the rent, hotel bills, restaurant meals etc. This is a life saver coverage option offered under a home insurance policy.

Protecting your possessions away from home - Your home insurance policy follows you wherever you go. In case your belongings get damaged, misplaced or stolen while traveling, your insurance policy has a provision to enhance the coverage range to safeguard your belongings even when you are not in your home.

Damage to the nearby structures- In addition to the main building, your insurance plan also covers the damages caused to the nearby structures such as fences, garage, out house, outdoor furniture etc.
By living in an insured house you’ll have peace of mind that if any kind of damage occurs to your property, you’ll be able to recover the loss. So, it is recommended that all the home owners purchase a home insurance policy.

Home insurance plans have various coverages. You may consult an insurance agent to choose the best plan that suits your budget and needs. He will help you by–

• Offering to choose from wide array of insurance plans from different companies.
• Giving unbiased advice regarding coverage options
• Helping you to file a claim when need arises

Remember to make an inventory of all your belongings and keep it in a place away from home. So that in case a mishap occurs, you know the exact cost of property.

At Shawn Camp Insurance Agency, Inc. we offer you the home insurance plans with best coverage options and low premiums. To know more about the insurance plans, you can call at (254) 526-0535 or visit at 2705 E. Stan Schluter Loop, Suite 101 Killeen, Texas, 76542.

Whether you use your motorcycle for daily commuting or riding on the trails, getting it insured is must. It will not only safeguard your finances in the event of theft or accidental damage but also protect you and your fellow passengers. However, choosing a suitable insurance plan that fits your budget, can be difficult.

Let’s take a look at some tips which can help you to reduce your motorcycle insurance costs in Killeen:

Extensive research is important

If you are buying motorcycle insurance for the first time, make sure you research thoroughly about the various policies. You can compare quotes from different carriers and choose the most suitable plan according to your requirements.  Reading online reviews about them can also be helpful for you. The insurance carrier you choose, should have a good reputation in the industry.

Know what you want

Make sure you scrutinize your requirements so that you can choose the suitable coverage options. This can help you to cut down your insurance cost as you will pay only for the coverage you need.

Increase the deductible

The amount to be paid to the insurance provider in case of loss is the deductible.  You can lower your insurance premium by paying a higher deductible. However, you must ask your insurance provider the exact amount by which the premium will go down.

Choose the right bike

The type of motorcycle has a great impact on the insurance rates. If you buy a sports bike, you will have to pay more for the premium. On the other hand, a cruiser bike can help you save on your insurance. Make sure you buy a motorcycle with a less powerful engine in case you want to cut down on your insurance. Avoid choosing a bike with a lot of modifications.

Check your credit score

It is important to keep a check on your credit history as it can affect the cost of your motorcycle insurance. Make sure you pay your bills on time and clear off the debts.  A low balance on credit cards can also help to improve your credit score. This can be beneficial in lowering your insurance premium.

Maintain a clean driving record

In case you have never been involved in accidents or received tickets, you have a higher chance of getting discounts on premiums. This is because Insurance providers appreciate the riders who follow the rules and drive safely. You can even take a safe driving course to reduce the risk of accidents and maintain a clean driving record.

Ask about discounts

You may ask your insurance provider for various discounts related to the motorcycle insurance. Some of them are mentioned below:

• Pay annually: You may get some discounts if you pay your insurance premium annually rather than making monthly payments.
• Limit your mileage: Most of the insurance providers offer discounts to the riders who drive less than average miles per year as it reduce their chances of getting involved in accidents.
• Age-related discounts: If you are an experienced driver, you may have to pay less for the premium. However, you must confirm it with your insurance agent as the rules of each state are different. 

Seek professional assistance

You may seek professional help while looking for motorcycle insurance. The agents will analyze your requirements and help you choose an insurance plan that fits your pocket. They will also explain the various coverage options so that you can make a wise decision.

Don’t make small claims

If you have a small dent or scratch on your motorcycle, avoid contacting your insurance provider. You may get entitled to ‘No claim bonus’ in case you have not filed a claim in certain amount of time. This can be beneficial for you in the long run.

Bundle your motorcycle insurance with other policies

Having more than one policy with the same insurance provider can help to build trust and reliability.  You may get more coverage options by paying less.
If you follow these tips, you will surely be able to reduce your insurance premium.

We, at Shawn Camp Insurance Agency, Inc. provide affordable motorcycle insurance in Killeen, TX. For more information, you can call at (254) 526 - 0535 or visit 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542.

Car insurance not only covers the damages to your vehicle but also pays for the loss you might have caused to others. For people who have bought insurance for their four-wheeler in the past may find it comparatively easier to figure out how to select the best policy. However, if you are planning to get your car insured for the first time, there may be a number of doubts in your mind.

Discussed below are some of the commonly asked questions about car insurance:

Q: Is It Necessary To Get Car Insurance?
Yes. Most of the states have made it compulsory to get a minimum insurance cover i.e. liability insurance. While a few states require you to buy an additional insurance cover as well. Bodily injury and property damage liability is compulsory for car insurance in Killeen.

Q: Why Do I Need Car Insurance?
There are several aspects that make car insurance necessary. In case of accidents, injuries and damages are common. If you do not have an insurance cover, it may drain your savings. If the accident proves to be fatal for the occupant, the insurance claim can provide support to the surviving family members.

Q: What Does Car Insurance Cover?
Various types of insurance schemes cover different aspects such as damages to the car, injuries sustained by the occupants etc. You can choose from several categories such as liability insurance which pays for the damages you cause to the other person or his vehicle. Other types include medical expenses, comprehensive insurance, collision and uninsured or underinsured coverage etc.

Q: Can I Purchase More Than One Type Of Insurance Cover?
Yes. You can opt for multiple insurance covers. It is purely based on your choice and needs.

Q: Is It Beneficial To Pay Monthly Or Annually?
You can choose to pay whichever way you like but it is more economical to pay annually and can save your time. Some insurance companies also offer discounts on paying the premium amount upfront.

Q: Is It Expensive To Get Insurance?
No. Getting insurance is not expensive. The costs may vary depending upon the person’s driving and credit history. If you live in an accident prone area such as a hilly region, the insurance companies may charge you higher. The cost also varies from state to state.

Q: Will My Insurance Plan Cover Anyone Who Drives My Car?
Your insurance plan will cover the members of your family, except if you specifically exclude a name. In case you permit a friend or colleague to drive your car and he meets with an accident, your insurance will make the primary coverage and the driver’s insurance will be considered secondary. If your car was taken without your permission, the driver’s insurance coverage will make the initial payment.

Q: Does My Credit Score Affect My Insurance Premium?
Yes. A good credit score means you are financially secure. If you have too many debts or your credit history is not satisfactory, the insurance company may question your ability to pay the premium. Most companies will increase the premium rates if the credit score is low.

Q: What Happens If My Car Gets Stolen?
If your car gets stolen and you want an insurance claim, you will first have to inform the police. You can get an insurance cover based upon the type of policy you have bought.

Q: How Can I Lower My Insurance Cost?
There are several ways to lower your insurance cost. Installing safety features in your car like anti-theft alarm, airbags and anti-lock brakes can help you to reduce your premium.

Q: Does The Type Of Vehicle I Drive Affect My Premium Rates?
The costlier the car, the higher will be your premium rate. Apart from this, a car with an efficient engine and good crash-test ratings will reduce your insurance cost.

Q: Are There Insurance Discounts?
Insurance companies give several types of insurance discounts to students and people who maintain a good driving history. You can also bundle your insurance policies to get a discount.
Go through the above questions before you buy your car insurance. It will help you take the right decision.

We, at Shawn Camp Insurance Agency, Inc. provide affordable car insurance in Killeen, TX. For more information you can call at (254) 547 - 2381 or visit 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542.

Homeowners insurance provides financial security to an individual in case of unforeseen situations such as theft, fire, water damage, etc. Before applying for homeowner’s insurance, it is essential to enlighten yourself regarding the coverages you require and if the selected insurance agency provide them.  For this, you may make a list of questions that would be asking your insurance agent.

Listed below are some questions that can help you choose the right insurance company and make sure your hard earned is properly utilized.

Is the Company Financially Stable?

The insurance company you are opting for must be renowned, licensed and offer extensive coverage options. Hence, you must ask your insurance agent about the firm, its reputation, experience and other related information. You may also consider visiting the website to read the customer reviews and also research thoroughly on the services provided. The financial stability and soundness of an insurance company can be checked via NAIC (National Association of Insurance Commissioners).

What are my monthly premiums?

Premium is the amount paid each month after purchasing the insurance. You need to have a clear idea of the amount you need to pay as monthly premiums. Note that the amount should not make a hole in your pocket. You can ask the insurance agent about various insurance companies in your state and how much premiums they require you to pay. Another way is to visit an online insurance agency and request quotes of various insurance plans. This helps you to choose an affordable as well as an up to date insurance plan.

What about the rebuilding cost?

Your homeowner’s policy should cover the cost of rebuilding your home in the event of a total loss. This includes the construction materials used at the time of construction. Partial or total damages caused by fire, hurricane, lightning or any other disaster listed in your policy can be recovered. Flood and earthquake damages are covered separately as these are excluded in standard homeowner’s insurance policies. You should ask your insurance agent whether the company would cover these costs.

Personal property loss?

The insurance should not only recover the building cost but also the cost of replacing all personal possessions (furniture, appliances, clothing etc.) in the event of a theft or any other insured disaster. Most companies provide personal property coverage equal to about 50 to 70 percent of the amount of insurance you have on the structure of your building. Your agent would screen the different companies and help you decide the best.

Are combined packages available?

Many companies offer discount rates if you carry auto, home and life insurance policies with them. If you have a car, then you need an auto insurance anyway. Similarly, life insurance is a must for people today. Grouping these policies will give you the added advantage of securing insurance plans at a reasonable cost. You can ask your agent to let you know about the ongoing discount rates in different companies (if any) and then decide the plan.

Does my policy cover market value or replacement value?

Before deciding the insurance plan, you need to know whether the policy covers the full value of your house in event of full destruction or just the replacement cost. There is a difference between the market and the replacement value. Market value means you are paid the market price of your house if the home is completely destroyed. Replacement value means you are paid whatever it costs to replace it. If it costs more to rebuild your exact home than it is currently worth, then the market value is usually a better buy.

What Is the Procedure for Filing a Claim?

Filing the claim is a very cumbersome process in an insurance plan. It requires notifying the company and filing up the necessary claim forms sent to you. You need to fill up the form timely in order to avoid any delays. Just be patient and cooperate with the company to get back your money. Talk to your agent and understand all the essential rules and regulations to enjoy a hassle-free claim filing experience.

So these are some important questions you certainly must put up to your agent and whose answers you must know before you think about providing protection to your house.

If you own a motorcycle, it is imperative that you purchase an insurance policy to protect yourself, your fellow passengers as well as your investment. No matter you use the bike for daily commuting or take it for occasional adventurous road trips, insurance coverage is essential to safeguard your finances in the event of a theft or accidental damage. However, choosing the right motorcycle insurance can be troublesome, particularly if you do not have any prior knowledge in this regard.

Given below is a complete checklist for buying motorcycle insurance in Killeen:

Legal Requirements
Before you begin your search for motorcycle insurance, it is a good idea to check the legal coverage requirements in Killeen. Get information on the type of coverage and minimum limits required for the same. However, it is important to note that the basic property damage and bodily injury liability insurance may not be sufficient to cover the cost of repairing your repairing your motorcycle. Make sure you analyze your requirements and make the decision accordingly.

Shop Around
Different insurance agencies in Killeen offer varied insurance plans and coverage options which makes it compulsory to shop around in order to find the best deal. Get in touch with multiple insurance providers and compare the policies as well as premium options offered by them. You can either call the insurance agents or request an online quote for motorcycle insurance by providing the make, model, VIN, license number and other such details.

Coverage Included
You need to carefully evaluate your coverage requirements to avoid paying for unnecessary coverage while making sure that you are adequately protected against unforeseen damages. Analyze the type of bike you have, usage, riding frequency, area where you park your vehicle and other such factors to determine the coverage limits you require.

Protection For Co-Passengers
Unlike car insurance, the fellow passengers are not included in a motorcycle insurance policy. Hence, if you are planning to ride two-up, you must buy the guest passenger liability coverage to protect the pillion rider if he sustains any injury while riding with you.

For comprehensive motorcycle insurance in Killeen, TX, contact Shawn Camp Insurance Agency, Inc. We can help you choose the right insurance plan and coverage options to protect your finances in the event of an accident or theft. For more information, you can call us at (254) 526 – 0535 or visit 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542.