Texas Auto Insurance Policy - Everything You Need to Know Regarding Your TX Car Insurance Policy
Having a Texas auto insurance policy has always been an important part of owning a car in Texas.
It is required that any one who wishes to operate an automobile must be able to pay for any accidents and property damage they cause.
One of the easiest ways of doing this is to have auto insurance on your vehicle at all times.
Finding the perfect insurance to cover your needs is simple if you do a little research and stay informed on the changing laws concerning auto insurance.
Former Texas Auto Insurance Policy Minimums Since Texas is a state that uses a Tort system some one is always at fault in the event of an accident.
The law states that who ever is responsible for an accident must pay for the expenses of that accident.
There are four or five different ways of paying for this coverage, including bonds and deposits filed under different sections of the Motor Vehicle Responsibility Act.
This starts with section 601.
121 and ending with section 601.
124 if you're up for some in-depth reading.
But the easiest and most popular way of providing responsible coverage for vehicles is simply through auto insurance.
If you take the last option you must have at least the state minimums in coverage, though more is recommended.
In the past Texas has had a state minimum of 20/40/15 coverage.
This means that you were required to have at least $20,000 worth of Bodily Injury Liability to cover the medical expenses of the other party(s) should you be at fault in an accident.
You must also have carried a minimum of $40,000 for an accident, and $15,000 for any damage to any property.
These were to cover you if you were at fault in an accident, they would protect you from being sued.
But those minimums changed on the first day of April, 2008.
Changes To Texas Auto Insurance Policy Minimums The insurance law was amended and the state minimums were increased this last year.
This change in the requirements went into effect the first of April, 2008.
It is important to note the increase in minimums when you go to renew your current insurance or to buy new insurance.
The new minimums are as follows: $25,000 in Bodily Injury Liability, $50,000 in total injury Liability for an accident, and $25,000 in Property Damage Liability (or 25/50/25).
Your TX car insurance company will be able to give you more information and help you with this change in state minimums.
Penalties For Not Having The Texas Policy Minimums Beware, Texas police officers can now detect if you have current and sufficient insurance immediately due to a new technology system installed in their vehicles.
Keep in mind that driving without coverage on your vehicle is a misdemeanor so it is considered a criminal offense.
There is a fine of anywhere from $175-$350 for the first offense if you are caught driving without coverage on your car.
The second and subsequent offenses can reap fines between $350 and $1,000.
Also, you could get your car impounded and your license and registration revoked.
There is also a chance of being jailed.
Makes a little required insurance sound pretty reasonable, doesn't it?
It is required that any one who wishes to operate an automobile must be able to pay for any accidents and property damage they cause.
One of the easiest ways of doing this is to have auto insurance on your vehicle at all times.
Finding the perfect insurance to cover your needs is simple if you do a little research and stay informed on the changing laws concerning auto insurance.
Former Texas Auto Insurance Policy Minimums Since Texas is a state that uses a Tort system some one is always at fault in the event of an accident.
The law states that who ever is responsible for an accident must pay for the expenses of that accident.
There are four or five different ways of paying for this coverage, including bonds and deposits filed under different sections of the Motor Vehicle Responsibility Act.
This starts with section 601.
121 and ending with section 601.
124 if you're up for some in-depth reading.
But the easiest and most popular way of providing responsible coverage for vehicles is simply through auto insurance.
If you take the last option you must have at least the state minimums in coverage, though more is recommended.
In the past Texas has had a state minimum of 20/40/15 coverage.
This means that you were required to have at least $20,000 worth of Bodily Injury Liability to cover the medical expenses of the other party(s) should you be at fault in an accident.
You must also have carried a minimum of $40,000 for an accident, and $15,000 for any damage to any property.
These were to cover you if you were at fault in an accident, they would protect you from being sued.
But those minimums changed on the first day of April, 2008.
Changes To Texas Auto Insurance Policy Minimums The insurance law was amended and the state minimums were increased this last year.
This change in the requirements went into effect the first of April, 2008.
It is important to note the increase in minimums when you go to renew your current insurance or to buy new insurance.
The new minimums are as follows: $25,000 in Bodily Injury Liability, $50,000 in total injury Liability for an accident, and $25,000 in Property Damage Liability (or 25/50/25).
Your TX car insurance company will be able to give you more information and help you with this change in state minimums.
Penalties For Not Having The Texas Policy Minimums Beware, Texas police officers can now detect if you have current and sufficient insurance immediately due to a new technology system installed in their vehicles.
Keep in mind that driving without coverage on your vehicle is a misdemeanor so it is considered a criminal offense.
There is a fine of anywhere from $175-$350 for the first offense if you are caught driving without coverage on your car.
The second and subsequent offenses can reap fines between $350 and $1,000.
Also, you could get your car impounded and your license and registration revoked.
There is also a chance of being jailed.
Makes a little required insurance sound pretty reasonable, doesn't it?
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