Legal Requirements for Texas Auto Insurance Coverage
Texas Insurance Coverage Requirements
- Bodily Injury Liability (one person): $25,000 Limit
- Bodily Injury Liability (every person involved):$50,000 Limit
- Property Damage Liability: $25,000 Limit
*Higher limit requirements became into effect on 4/1/08
The state of Texas follows a Tort system meaning one individual has to be found to be responsible for causing the automobile accident, and that individual and their insurance agency is responsible for all the costs. You should be cognizant that the particulars of a tort system vary from state to state.
In Texas, you can add other automobile insurance coverage to your auto insurance policy that can furnish additional piece of mind. Two different choices are underinsured motorist or No-Fault insurance coverage. Underinsured motorist protects you in the event that you are involved in an auto accident with an individual who doesn’t have an insurance policy. No fault auto insurance reimburses you irregardless of who’s fault the auto accident was.In Texas, you aren’t commanded to have additional coverage higher than the minimal. Even so, there are lots of Texas motorists that decide to add these choices.
With average Texas auto insurance premiums in 2003 at around $932, and the nationwide average at around a bit above $900, several Texas drivers falsely think that they have no choice but to accept that these Texas auto insurance prices defined by insurance companies and Texas regulatory agencies. Auto insurance rate quote comparison websites acknowledge there are better rates available for Texas residents, and will assist you check them.
Sites like this can help you find the best auto insurance expenses, but there’s no guarantee that they can help. In general, insurance costs tend to increase over time. 2007 saw the first lessening in insurance premiums since 1999. The drop-off was around 1% and the decrases continued through most of 2008. However, by the end of 2008, costs again began to grow.
Texas insurance premiums increase over the years. If you’re not staying informed on your own personal situation, you might not be getting the least expensive insurance costs available. In 2003, average insurance premiums were $932. Just one year earlier, the average auto insurance rates in 2002 was about $882, that’s an increase of about 5.67% in just one year! Stop paying so much for auto insurance. Compare current costs using auto insurance quote comparison websites.
