subject: Looking For Liability Insurance Tx Cheapest [print this page] Are you looking for liability insurance TX cheapest? Liability coverage is required by most areas. Before you shop, you should be aware of the minimum requirements. Make sure you know what they are and what the coverage means. This will aid you in your quest for low cost coverage. Here are some tips to consider.
The liability minimum requirements for Texas is 30/60/30. Many people do not understand what the three numbers refer to. Here is the breakdown of these numbers.
The first number stands for $30,000. This is the largest amount that you policy will pay for medical care. This medical care refers to one person in an accident. For example, suppose one person is injured in an accident. Their medical bills could be $35,000. You might be liable for $5,000. If the bills are $50,000 you could be liable for $20,000. This depends on the situation.
The second number stands for $60,000. Suppose there is an accident. You are determined to be at fault. Perhaps someone driving your car is at fault. Three people might be injured. The total amount of medical bill benefits they receive is $60,000. This is the total for all three injured people.
The third number means $30,000. This is the most that is paid for property damage. Maybe your car accidentally slides into another car, in a rain storm. Your policy will pay up to $30,000 for repairs to the other car. Property damage may also include telephone poles and store fronts.
Now you know the minimum requirements, you can shop for coverage. You can go to several websites and get quick online quotes. Before you do, consider the minimum amounts. Are they large enough? You can increase them if you like. Do you have any inexperienced drivers in your household? No one wants to think about traffic accidents. However, there are times that someone may be seriously injured. In that case, medical bills can be several times more than the $30,000 minimum for one person.
If there are several people injured, the bills can be staggering. If there is a total medical bill of $110,000, you might be liable for the remaining $50,000. This could mean financial disaster.
Personal property damage can be more than you expect. Maybe your car runs into several new cars. Perhaps there are new luxury cars involved. Check into the price of higher limits. This may be the best bargain when shopping for low cost coverage. You may be able to get 100/300/100 for a reasonable price. This may be the best way to go.
Summary
Are you searching for liability insurance TX cheapest? Make sure that you know the minimum requirements. Check to make sure that they are sufficient for your needs. If you need more, get your quotes for the higher amounts. This may be the best bargain, when you shop for low cost coverage.
by: Lance Thorington
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