Used Car Lot | Used Car Dealer Insurance in Texas | Hettler Insurance Agency, Lubbock Insurance, Texas

Protect Your Dealership

Used Car Dealer Insurance in Texas

Running a used car dealership is a rewarding and important business for communities. More than 75 percent of driving age residents in Texas are licensed drivers. Many rely on used car dealers to find a reliable and affordable used car.

For a used car dealer, the profession faces exposure to unusual risks, including keeping valuable inventory safe and secure, scrutiny of employment and sales practices and the dangers inherent in letting potential buyers test drive cars.

Whether your business sells recreational vehicles, motorcycles, trailers or regular used cars, protecting yourself with adequate insurance is crucial.

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Houston Hurricane Damage | Used Car Dealer Insurance | Hettler Insurance Agency, Lubbock Texas

Protect Inventory From Theft, Hail Storms & Hurricanes

Types of Used Car Dealer Insurance Coverage

Used car dealers have expensive inventory that is vulnerable to many types risks and damage – from windstorms to theft. (Did you know that Lubbock tends to be in the top 3 in the nation for wind damage?) There are many factors that can affect premiums, including the age of vehicles on the lot, whether you sell luxury or expensive newer vehicles, if you offer trade-ins or mechanical service, the quality of security lighting and anti-theft devices and whether you allow customers to test drive vehicles.

Hettler Insurance Agency offers coverage to used car lots small and large. We’re happy to provide excellent service to non-franchised car dealerships. We can build a policy to fit the unique needs of your used car business.

Houston Hurricane Damage | Used Car Dealer Insurance | Hettler Insurance Agency, Lubbock Texas
Texas requires all non-franchised, used car dealers to be bonded for $25,000. The amount you pay for this bond is heavily dependent on your credit score. Buy here pay here dealers or dealers that offer self-financing (vehicle leases) may need extra insurance. Car loan defaults are a serious risk, insurance can help cover loss from a faulty loan and handle repossession.

Every used car lot needs comprehensive property insurance to cover buildings and infrastructure. Auto Liability coverage is necessary to protect the business from accidents caused by potential buyers test driving merchandise.

Dealers Open Lot is tailored to car dealers, and covers physical damage to vehicles owned by your dealership. Texas hailstorms are enough to make under insured dealers go bankrupt. This type of insurance also covers collision and comprehensive, fire, explosion, flood, theft, vandalism, lightning strikes and malicious mischief. Depending on the lot’s zip code, premiums can vary as some neighborhoods are especially prone to property theft.

Garage Liability, this type of insurance protects your business from liability related to maintenance of a garage or service bay. It sometimes doubles as liability for car held for sale.

Errors and Omission Coverage: Used car dealers don’t always have the best reputation. Whether your team is honest or overly optimistic about the condition a vehicle, your customers may not be satisfied. E&O coverage can help deal with issues like title errors, truth in lending, and federal odometer and prior damage disclosures.

False Pretense Coverage: If a customer scams the lot, for example, test driving a car while pretending to be somebody else, False Pretense Coverage can cover a loss when a driver disappears with your inventory.

Testimonial from Owner of KJ Works

Company: KJ Works

Policies with HIA: General Liability, Contractors Policy, Inland Marine, Commmercial Auto and Worker’s Comp.

Industry: Residential and Commercial Construction

Working with Hettler Insurance Agency has made my life less stressful in various ways. I was switching over from a previous insurance company and they made sure to find me the best prices that would benefit me in the long run. If I ever have any questions about anything regarding my policies, HIA is very easy to get in contact with.

Choose Your Insurance Type!

Vehicle Insurance

Insurance protection for the vehicles that matter most to you.

Auto Insurance – We insure thousands of cars, trucks, vans, and commercial vehicles used in all types of businesses.
Motorcycle Insurance – Start your Motorcycle riding experience with insurance through Hettler.
ATV and Motorsport Insurance – Does it have a key? Is it a dirt bike? We have a program to cover it.
Classic Car Insurance – Classics and antique vehicles require special coverages. We represent a couple of different carriers to cover them.
RV and Mobile Home Insurance – Big values traveling down the road? No problem. We handle the big risks all the time.
Boat and Watercraft Insurance – We cover boats of all sizes.

Property Insurance

Insurance protection for the property that matters most to you.

Homeowners Insurance – Your home is your castle. Protect your most valuable asset with quality coverage.
Condo Insurance – Condos are a little different. Call us to get your specialized coverage!
Renters Insurance – Fires in apartments and rental homes are way too common. Renter’s coverage is really reasonably priced.
Landlord Protection ™ – Renting your home? Protect yourself with landlord insurance.
Flood Insurance – You have to have a separate policy to cover flood… It can happen even here in the desert.
Storm & Hail Insurance – Texas has had thirty-six $100,000,000 or larger disasters from severe storms in the past 25 years and more than 80% of the time, hail was to blame for the damage.
Earthquake Insurance – Earthquakes have occurred in 39 states since 1900, and about 90% of Americans live in areas considered seismically active. Most home insurance policies do not cover earthquake damage. Good news, earthquake insurance can be inexpensive.

Commercial & Business Insurance

Coverage that helps protect your business

Business Owners Policy (BOP) – Lubbock County is in the top 10 for commercial property damage due to wind, hail and dust storms; and the top 10 for commercial auto comprehensive claims due to weather; and the top 10 for lightning storm damage.
General Liability Insurance (GL) – Insurance coverage for when you or your products hurt someone or damage property.
Commercial Property Insurance – Coverage against Fire, Wind, Hail, and many other perils.
Business Auto Insurance – Cover your business with insurance for commercial and business vehicles.
Commercial Liability Insurance – also known as “general liability insurance” is a broad policy that covers a number of liability exposures of a business. Business liability insurance is often the first line of defense against lawsuits from customers, allowing an owner to protect both personal and business assets.
Commercial Umbrella Insurance – Insurance coverage that gives an extra layer of liability protection from the rising costs of lawsuits.
Workers’ Compensation Insurance (workers comp) – Medical bills and lost income Insurance coverage that helps you take care of injured employees.
Cyber Security Insurance – In an era of leaked embarrassing online photos, confidential emails and digitally internet connected employees and customers, it’s no wonder businesses (of all sizes) are rushing to cover themselves with cyber liability insurance.
Surety Bonds – Get your notary bond, your contractor’s bond, your bid bond, or your performance bond from Hettler Insurance Agency.
Contractor’s Insurance – Many contractors operate out of the home and may not require commercial property insurance. Instead, contractors typically perform work at the customer’s location. This can be a residential home, a construction site or a commercial property.
Builder’s Insurance – With a good Builder’s Risk policy, the structure, materials and equipment are protected from theft, vandalism and weather damage during the construction phase.

Life/Health Insurance

Insurance protection for your family’s health.

Health Insurance – Insurance for you, your family, and your pocketbook. Uncovered medical costs can bankrupt you.
Personal Umbrella Insurance – An umbrella policy provides additional layers of liability protection. If the liability limits are exhausted on your home, auto, or other underlying insurance policy, your umbrella insurance policy takes over and provides you with additional protection. You may need this in case of a car wreck involving a fatality, etc. For a minimal cost, you can protect your assets, and your future earnings.
Whole Life Insurance – Life insurance coverage designed to be there for your whole life.
Term Life Insurance – Insurance protection to help keep your family secure for a specific period of time.