You can buy insurance for different types of loss.  The most common types of insurance are for your car (or auto); your home (or dwelling); your business or yourself (health and life insurance).

Typically when you purchase insurance you are responsible for your deductible--this is the amount you pay in the event of a financial loss.  You can adjust the amount of your deductible to change your ongoing cost for your insurance.  It is important when shopping for insurance, you compare policies with the same deductible.

Rates for insurance vary based on many factors.  The age and condition of your vehicle or home; your age; where you live are just a few factors that affect your policy.  It is always important to ask what your rate is based on.

Also, ask what you can do to obtain premium discounts.  Taking defensive driving or using certain construction materials are just a few example of ways you can earn a premium discount.

It is important to read and understand your policy carefully.  Your policy outlines your protection.  It is also important to know that as a consumer in Texas you have rights regarding homeowners and renters insurance.