Here are some guidelines for Texas car insurance requirements. Having this information can help when shopping for a Texas car insurance quote, especially if you're wondering how much coverage you need.
Texas requires that everyone who drives in the state be financially responsible for their actions. In other words, you are financially responsible for any auto accidents that you cause. In order to protect their financial assets, most people purchase auto insurance.
The fines can be pretty heavy if you violate the Texas state financial responsibility laws: The penalty for first time offense can be a fine from $ 175 to $ 350. After that, fines could be from $ 350 to $ 1,000 plus suspension of your driver's license and impoundment of your vehicle.
Like most states, Texas requires that you have at least coverage for injury to people hurt in an accident and damage to property resulting from an accident you cause. For injury you must have a minimum of $ 20,000 per person and $ 40,000 for all persons injured per accident. For damage to property, you must have a minimum of $ 15,000 coverage per accident. These minimum limits are also known as 20/40/15 coverage.
Although these are the minimum limits required by Texas state law, they may not be enough because you are still financially liable for costs above those limits. It's often a good idea to increase your coverages.
Make sure that when you shop for Texas car insurance quotes, to get at least three different quotes. Rates can vary quite a bit between companies. Decide ahead of time what coverages you need and then use those same amounts for each quote so you get a more accurate comparison of costs.
Source by Scott Lunt
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