With Texas being a booming state, many are relocating there yearly. Many who are moving there find themselves in a dilemma regarding car insurance – which company is the cheapest, what are their requirements, and so on. Every state has separate requirements when it comes to automobiles and auto insurance. Every single auto insurance company should be able to educate you on the state requirements, but if not, there is tons of information readily available through the DMV (Department of Motor Vehicles). You can either visit the local office, or their website. Being educated on the requirements of your state is very important, and can help prevent future penalties for not have adequate insurance. It can also help you decide which auto insurance plan to purchase.
Requirements In Texas
The law in the Texas states that drivers must have a 25-50-25 policy. This, in other words, means that they must have $ 25,000 for bodily injury liability (per person), $ 50,000 for bodily injury liability per accident, as well as $ 25,000 for property damage liability. This law is in place to ensure that you will be covered in the case that you are in an accident and are at fault. This makes it very comforting for drivers in Texas to know that they are covered financially both ways, whether it is their mistake, or another's mistake.
Extra Coverage in Texas
Along with the basics, there is extra coverage available to those in Texas purchasing auto insurance. There are a number of extra policies that insure a driver will not need to pay out of their pocket for additional medical or repair costs that come as a result of an accident. It is important to compare a number of auto insurance companies in Texas before jumping in and buying a policy. Texas is known for having some very good auto insurance companies, and some not very good ones. Then again, this can be said to be the case in most states. It is important to be sure you are not being over charged for a policy that you can obtain for cheaper from another company. Additional coverage includes comprehensive, collision, and uninsured / under insured motorist, alongside many others. Comprehensive and collision insure that the insurance company will pay for any damage, even if the accident was your fault.
More Coverage in Texas
Of course, there is more to having a great Texas auto insurance policy than just the basic requirements. Most companies offer a wide variety of additional coverage that can be purchased, which allows a policyholder to be better covered. Better coverage means policyholders won't need to pay very much for additional medical or other repair costs when involved in an accident. The trick is to find a number of Texas auto insurance quotes and compare them to find the best policy and price to match. When no comparison is made and only one company is researched and then decided on, the policyholder could lose by paying too much for the same coverage offered elsewhere.
Additional options to get full coverage include the purchase of comprehensive and collision and uninsured or under insured motorist, among others. Comprehensive and collision insurance guarantees the insurer will pay for damage done to your vehicle whether it was your fault or not.
Not Having Adequate Insurance in Texas
Not having adequate auto insurance in Texas can lead to penalties including tickets and / or fines, suspension of your license and / or vehicle, and even jail time if the number of offenses exceed a certain number. Many people think driving without insurance is not a big deal, but in reality, it is. You never know what is going to happen on the road, thus insurance is there to protect you in many ways – especially financially.
Source by Ben C Hoss