subject: A Look At Minimum Insurance In Texas [print this page] Most states will require a vehicle owner to obtain auto insurance. In fact, there are few states which to not have a law requiring motorists to obtain this type of coverage. These laws are enacted for the public's general safety and financial care. Few recognize how one accident can really put you in debt, but it can actually put you in financial crisis for the rest of your life if you are not prepared for it. While most states require auto insurance, the requirements vary from state to state. It helps to know what is required so that when you are shopping for care insurance you can meet these standards. Here is a look at the minimum insurance in Texas.
Texas does not have a no fault system that some states allow. In other words, everyone who drives on the road is responsible for their actions, and one individual will be determine the person at fault in the unfortunate event of an accident. The person who is at fault will also be charged financially responsible, and this is where auto insurance comes in to protect ones personal assets and keep you from going bankrupt or in major debt.
Driving without auto insurance in Texas is not only frowned upon, but it can bring on certain heavy consequences. You will most certainly be charged heavy fees if you are caught driving a vehicle without insurance, and you will also quite possibly face the lose of your license and impoundment of your vehicle. This is not a pretty picture, but this is one state that wants to get their message across. And they are doing a pretty good job.
Texas requires that you have insurance to cover the injuries caused by an accident, as well as coverage for property damage. You are required to have $20,000 per person and at least $40,000 for all people in the accident. You will also need an additional $15,000 in coverage for property damage.
And while these are only the minimum requirements, vehicle owners are encouraged to take out the best policies they can afford. If your accident costs more than the amount you are covered for, you will be responsible for those fees, and they can be quite heavy. You want to make sure that you are covered so that you do not have this issue to worry about.
Make sure you shop around and do some research before you choose an insurance company. There are many competitive rates out there and you may be surprised what discounts you will qualify for.
by: Lance Thorington
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