Texas Auto Insurance Laws and Requirements Guide
Texas Insurance Coverage Legal Requirements
- Bodily Injury Liability for one person: $25,000 Limit
- Bodily Injury Liability for everyone involved:$50,000 Limit
- Property Damage Liability: $25,000 Limit
*Requirement for higher limits moved into effect - 04-01-2008
When you’re involved in an auto accident in the state of Texas, their insurance laws require that one person must always be found to be answerable. The auto insurer and the person responsible are then held liable to compensate for costs. This system is known as the tort system. There are several other states that apply this kinde of system, but specific rules and regulations may differ by state.
In the state of Texas, you can add extra automobile insurance coverage to your insurance policy that can allow additional protection. Two different choices are uninsured/underinsured automobile insurance or No-Fault insurance. Uninsured/underinsured insurance covers you in the chance that you get into an automobile accident with one individual who does not currently have insurnace. No fault automobile insurance covers you no matter of who’s at fault for causing the accident.In Texas, you aren’t commanded to have complemental coverage higher than the minimum. However, there are lots of Texas motorists that opt to add these choices.
With average Texas insurance premiums at just above $900, and the United States average at around just above $900, most residents wrongly think that they have to accept that these Texas auto insurance rates defined by insurers and the state of Texas regulatory agencies. The internet is a great place to start getting cheaper insurance premiums. There are many companies that let you readily compare insurance quotes.
These auto insurance comparison websites can help you save money, but it isn’t a guarantee to always keeping your premiums low. Insurance Auto insurance rates generally grow over the years. From 1999 - 2006, insurance auto insurance costs did not lowering. Finally, in 2007, average auto insurance premiums did decrease, but by only about 1 prcent. 2008 also was able to show some decreases in insurance rates, however, they are expected to increase again in 2009 as the economy gets worse.
As your driving record gets stronger or your personal situation changes, you may not be getting all the premium deductions you qualify for and will end up paying more for insurance. Auto insurance fluctuates and recently there was an increase of 6% from 2002 to 2003. You won’t see your auto insurer always telling you about deductions and overall, auto insurance costs get more expensive over time. To get more affordable insurance rates, get a free rate quote from an auto insurance comparison service.
