Most States have laws regarding car insurance. The State of Texas says you must have car insurance to even get a car registered to your name. If you go without you still have to pay for damages incurred in an accident. In addition you could be fined or even get your driving privleges suspended. It is just not worth the cost!
The State of Texas limits are 25/50/25. Each State may differ. Texas requires liabilty covergae that will cover damage and medical expenses if you are found at fault
Basically, the limits somewhat protect your pocket book and the person that incurred the damages up to $25000 for bodily injury or death, $50000 for two people. They also require $50000 to protect damages done to property such as the other vehicle. They do not require Comprehensive coverage to protect oneself.
If damages exceed the limits you would still be responsible for the additional expense. Many insurance companies recommend more coverage for this reason. The States minimum is just that a minimum and often not enough.
You are not required to carry Comprehensive coverage, but sometimes if you have a lien holder they require you to. As long as they remain part owner they want the vehicle protected from loss. You should add comprehensive if you would like to protect yourself as well.
How would you like to lose the privealege to driver? Do not follow your States requirement and your wish may be granted. Fines could be as much as $1000 depending on whether it is a 1st offense or 2nd or 3rd. You could have your car towed and that means even more money out of your pocket for fun.
The State of Texas also has a "surcharge" that you must pay for a period up to 3 years to the Department of Motor Vehicles to maintain your license. It is not a cheap price tag either. They find it very necessary to have at least the bare minimum so they take this matter serious.
It is important to maintain auto insurance. For many reason. The ones listed, plus they fact that violations increase your insurance premiums, just making it more expensive to maintain coverage. It is such a waste of your hard earned money.
The State of Texas limits are 25/50/25. Each State may differ. Texas requires liabilty covergae that will cover damage and medical expenses if you are found at fault
Basically, the limits somewhat protect your pocket book and the person that incurred the damages up to $25000 for bodily injury or death, $50000 for two people. They also require $50000 to protect damages done to property such as the other vehicle. They do not require Comprehensive coverage to protect oneself.
If damages exceed the limits you would still be responsible for the additional expense. Many insurance companies recommend more coverage for this reason. The States minimum is just that a minimum and often not enough.
You are not required to carry Comprehensive coverage, but sometimes if you have a lien holder they require you to. As long as they remain part owner they want the vehicle protected from loss. You should add comprehensive if you would like to protect yourself as well.
How would you like to lose the privealege to driver? Do not follow your States requirement and your wish may be granted. Fines could be as much as $1000 depending on whether it is a 1st offense or 2nd or 3rd. You could have your car towed and that means even more money out of your pocket for fun.
The State of Texas also has a "surcharge" that you must pay for a period up to 3 years to the Department of Motor Vehicles to maintain your license. It is not a cheap price tag either. They find it very necessary to have at least the bare minimum so they take this matter serious.
It is important to maintain auto insurance. For many reason. The ones listed, plus they fact that violations increase your insurance premiums, just making it more expensive to maintain coverage. It is such a waste of your hard earned money.
About the Author:
Look to your devoted Agent Jeffrey Cline for your Auto Insurance needs. Mr. Cline is a leader in tMr. Cline Family Mr. Clinealth Insurance realm as well. Call his office, anytime. Mr. Cline is Mr. Clinere 365 days a year to assist you in meeting your needs and budget. His toll free number is 866-526-9669
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