Buying a New Car? Make Sure You’re Covered Before You Leave the Lot

Buying a New Car?

Make Sure You’re Covered Before You Leave the Lot

Tip #1: Call us before you buy. Discuss with your agent the vehicle you are interested in buying and receive a quote on how it will affect your policy premium. Sometimes your insurance premium can be a deciding factor on whether you buy with an Impala or a Corvette. It’s easier to determine your insurance premium before you sign on the dotted line.

Tip #2: Check the terms of your current policy. You most likely have limited coverage that will automatically extend (for a limited number of days) to a newly acquired vehicle. There is no need to purchase a separate policy from the dealer.

Tip #3: If you purchase over the weekend, call your agent the following business day to officially place your new vehicle on your policy. Have the year, make, model and VIN (Vehicle Identification Number) handy so we can update your policy quickly. Your agent will also need the name and address of the loan company you financed with.

When is the best time to buy a new car?

Buying a new car at the right time can pay off. Buyers who catch the dealer at just the right time can save hundreds or even thousands of dollars on their new-car transactions. That means understanding how dealers operate, then hitting them when they’re most anxious to close sales. So, when should you hit the dealership to get the best price?

Tip #1: At the end of the day, sales and finance professionals are ready to head home. But a smart salesperson will not let a serious potential customer walk away just because the dealership is ready to lock the doors. Shoppers can often negotiate strong deals during late hours, provided the salesperson thinks he or she is dealing with a serious buyer.

Tip #2: Dealers usually operate on a monthly cycle and use that time interval to measure sales. Hitting the dealership at the end of the month or quarter can lead to an attractive deal for buyers.

Tip #3: In late summer or early fall new model-year vehicles are rolling into dealers’ inventories, which could mean big savings on the current year’s model.

Tip #4: Buying a new car at the end of the calendar year remains a good strategy. It tends to be when the dealer is most anxious to negotiate. Hit the dealership any time demand is low and you’ll be more likely to save compared to when the dealer is busy closing sales.

We Are Here for You 

Texas Insurance & Financial Services, Inc. is your trusted advocate. We will make sure you have the proper auto insurance in place and will provide you all the policy information you need to make an informed choice when purchasing a new car. To ensure you have the coverage or to schedule your FREE insurance review, please contact us at 800-541-9849.

Meet the TXINS Team

Marcie Ramm

Meet Marcie Ramm, one of TXINS’ newest team members out of the Georgetown office. Marcie is one of the most generous people we know. She has a heart of gold for her family, friends, and clients. Her dedication and passion for giving back to the community is evident in her work with Relay for Life, the Lions Club, her church youth group, and the many other activities she is involved with. Marcie is able to make a personal connection with each of her clients. We are so fortunate to have her with us!

To learn more about Marcie, click here.

Most Texas homeowners, 65 or older are aware that they qualify for some additional homestead property tax exemptions and that they get a tax ceiling for their homestead for the school taxes. The school taxes on their homestead will never increase as long as they own and occupy their homestead and do not add any major improvements to their home.

Although many 65 or older homeowners know about these additional exemptions, few are aware that in 1979, the Texas Legislature passed a law allowing them to defer or postpone their homestead property taxes as long as they own and occupy their homestead. The tax deferral only postpones the payment of taxes owed, it does not cancel them. Setting aside these taxes is done free of penalties and only simple interest of 8% is added each year.

On the surface, it may seem that deferring payment of your taxes may not be a good idea. However, if you could use those tax dollars to benefit your family and others, then it would seem to be something worth considering. A program has been developed which allows the 65 or older homeowner to shift their property tax dollars into an Estate Planning Tool, referred to as “The Texas TaxBack™ Program”. In the program, instead of paying property taxes annually, the money goes to purchase an Increasing Death Benefit Life Insurance Policy. The lump sum benefit is paid immediately upon the death of the surviving spouse. The funds in excess of the deferred property taxes and the 8% simple interest are there for whomever they chose such as heirs, family, their church or other charity.

The Texas TaxBack™ Program offers a wonderful way to create endowments for your church and your diocese, your heirs and family. These gifts can amount to tens of thousands of dollars or more, depending on the property tax amount, your age and health status. One of the more unique features of the program is that no additional out-of-pocket funds are necessary to create this legacy!

If you are interested in learning more about The Texas TaxBack™ Program, please contact Tommy Hitzfeld, Licensed Agent, at or (800) 541-9849.

Did You Know?

– September starts on the same day of the week as December each year, but does not end on the same day of the week as any other month in the year.

– The very first comic strip was printed in an American newspaper on September 11, 1875.

– On September 2, 1789, the United States Department of Treasury was established.

– September 5th is National Cheese Pizza Day. Where is your favorite place to grab a slice of pizza?

– September is National Chicken Month, National Rice Month and National Potato Month! For a tasty Rosemary Chicken recipe that combines all these great ingredients, click here.

Discounts for Safe Drivers

Are you a safe driver? Here’s how you can qualify for money-saving discounts:

– Install a driver monitoring device to track driving habits.

– Take a safe driving course or state-approved defensive driving course.

– Keep a clean, accident-free driving record.

Many insurance companies offer numerous other discounts, such as multi-car discounts, good student discounts, and low mileage discounts to help you save money on your car insurance premiums. Contact us today to learn more!

We LOVE Referrals!

If you love Texas Insurance & Financial Services, Inc., tell a relative, friend, or co-worker about us. When they call to receive a quote make sure they let us know that you referred them.

As a thank you, you’ll receive a surprise gift and will be entered into our monthly $50 gift card drawing and our annual Grand Prize drawing for a $1,500 gift card!!!

(Grand Prize drawing will be held on December 4, 2014.)

What Our Clients Are Saying About Texas Insurance & Financial Services, Inc.:

“The staff was very nice and helpful. Our agent answered all of our questions and addressed all of our concerns. Great job!” –Terry Buchanan, Missouri City, TX





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