Texas Auto Insurance
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Texas Auto Insurance Requirements
To help combat the estimated 15 to 25% of Texas drivers operating motor vehicles without insurance, the state has developed new technology capable of verifying whether a motor vehicle is being operated with the required financial responsibility.
If you don’t want to get caught without the right coverage, here’s what you need to know.
Texas auto insurance law
Texas law requires minimum auto liability insurance limits of 25/50/25. The first two numbers represent the amount the state requires for Bodily Injury liability (BI) per person, and per accident. If you choose the minimum amounts, it means your insurer will pay up to $25,000 per accident for bodily injury expenses involving a single person and up to $50,000 towards the combined bodily injury expenses per accident when two or more individuals are involved. The third number is the minimum Property Damage liability (PD) allowed. In this example, the last number means that the insurer will pay up to $25,000 towards the costs to repair or replace property damaged because of your at-fault accident.
That’s all Texas state law requires. Make sure you have it so you don’t get caught without it!
Texas Collision and Comprehensive coverage
Other auto insurance that’s good to have even though it’s not required by Texas is Collision and Comprehensive coverage. Liability insurance doesn’t pay to repair your vehicle which is why so many people also have Collision and Comprehensive. Comprehensive pays your vehicle repair costs, minus your deductible amount, for damage caused by anything other than a collision. That includes things like theft and adverse weather. Note that the insurer probably won’t pay to repair the vehicle if the repair cost more than the vehicle’s actual cash value. It’ll be totaled instead and the insurer will send you a check for the vehicle’s actual value.
Uninsured/Underinsured Motorist
Uninsured/Underinsured Motorist (UI/UIM) coverage pays the bodily injury-related expenses you and others authorized under your policy incur when the at-fault driver has no insurance, or is a hit and run driver. Underinsured Motorist insurance can help by paying for bodily injury expenses that the at-fault driver’s auto insurance coverage did not pay because that driver’s insurance was insufficient.
Texas Department of Insurance
More information on Texas auto insurance can be found at the Texas Department of Insurance. Call 800-252-3439 or visit http://www.tdi.state.tx.us/.