Living in North Texas comes with unique insurance challenges—from severe weather to rising property values to busy family schedules. At The Wrice Agency, we’ve seen thousands of families navigate these challenges, and we’ve noticed the same mistakes come up again and again.
The good news? These mistakes are easy to avoid once you know what to look for. Here are the top 10 insurance mistakes North Texas families make—and how you can steer clear of them.
## 1. Sticking with the State Minimum Auto Insurance
Texas requires drivers to carry at least 30/60/25 in liability coverage. That means:
– $30,000 per person for bodily injury
– $60,000 per accident for bodily injury
– $25,000 for property damage
Sounds like a lot, right? It’s not. A single serious accident can easily exceed these limits, leaving you personally liable for the difference.
**What to do instead:** We recommend at least 250/500/250 coverage for most families. It costs a little more upfront but protects you from devastating financial loss.
## 2. Not Bundling Auto and Home Insurance
One of the easiest ways to save money on insurance is to bundle your auto and home policies with the same carrier. Most families save between 0 and ,000 per year by bundling—and you get the convenience of one point of contact for both policies.
**What to do instead:** Ask your agent to run a bundled quote. At The Wrice Agency, we shop 15+ carriers to find you the best bundled rate.
## 3. Skipping Umbrella Insurance
If you have significant assets—a home, savings, retirement accounts—you need umbrella insurance. It provides an extra layer of liability protection (typically $1–5 million) for just $200–$400 per year.
**What to do instead:** If your net worth exceeds your auto and home liability limits, get an umbrella policy. It’s one of the most affordable ways to protect everything you’ve worked for.
## 4. Underinsuring Your Home
Many homeowners don’t realize their home is underinsured until they file a claim. With rising construction costs in North Texas, it’s critical to make sure your dwelling coverage reflects the true cost to rebuild—not just your home’s market value.
**What to do instead:** Review your home insurance annually and ask for extended replacement cost coverage. This ensures you’re covered even if rebuilding costs exceed your policy limit.
## 5. Ignoring Flood Insurance
“I’m not in a flood zone, so I don’t need flood insurance.” We hear this all the time—and it’s one of the most dangerous assumptions you can make. Flooding can happen anywhere, and standard homeowners policies don’t cover flood damage.
**What to do instead:** Get a flood insurance quote, even if you’re not in a high-risk area. Policies start as low as a few hundred dollars per year and can save you tens of thousands in the event of a flood.
## 6. Not Reading Your Policy
Most people never read their insurance policy—until they need to file a claim. That’s when they discover gaps in coverage, exclusions, or limits they didn’t know about.
**What to do instead:** Schedule an annual policy review with your agent. We’ll walk you through your coverage, answer your questions, and make sure there are no surprises.
## 7. Choosing the Highest Deductible to Save Money
Yes, a higher deductible lowers your premium. But if you can’t afford to pay $2,500 or $5,000 out of pocket when disaster strikes, that “savings” isn’t worth it.
**What to do instead:** Choose a deductible you can comfortably afford. We recommend balancing premium savings with financial reality.
## 8. Forgetting to Update Your Policy After Major Life Changes
Got married? Had a baby? Bought a new car? Started a home business? These life changes can affect your insurance needs—and failing to update your policy can leave you underinsured or overpaying.
**What to do instead:** Call your agent whenever you have a major life change. At The Wrice Agency, we never charge fees for mid-term policy updates—only premium adjustments apply.
## 9. Not Shopping Around
Insurance rates change. Carriers adjust their pricing, offer new discounts, and compete for your business. If you haven’t shopped around in the past few years, you could be overpaying.
**What to do instead:** Review your rates annually. We shop 15+ carriers on your behalf to make sure you’re getting the best deal.
## 10. Waiting Until It’s Too Late
The worst time to think about insurance is after an accident, fire, or storm. By then, it’s too late to add coverage or fix gaps in your policy.
**What to do instead:** Review your coverage now. Schedule a free policy review with The Wrice Agency, and let’s make sure you and your family are fully protected.
## Why The Wrice Agency?
We’re not your typical insurance agency. We’re a family-owned business with deep roots in North Texas and unique experience from the Alaska insurance market. We bring that same tenacity, creativity, and problem-solving to every client we serve.
Here’s what sets us apart:
– **No hidden fees:** We never charge for mid-term policy changes or endorsements
– **Same-day quotes and policy issuance** for all products
– **15+ carriers** to shop for the best rates and coverage
– **Family-friendly office:** Kids are always welcome
– **Annual policy reviews** to keep your coverage up to date
## Ready to Avoid These Mistakes?
Don’t wait until it’s too late. Call us today at **945-258-1795** or visit [www.twatexas.com](https://www.twatexas.com) to schedule your free policy review.
Let’s make sure you and your family are protected—the right way.
**The Wrice Agency**
2925 Country Club Rd #104, Denton, TX 76210
945-258-1795
[www.twatexas.com](https://www.twatexas.com)
