Whether you are looking to purchase auto insurance in Texas for the first time or are simply curious as to what your insurance options are, it is important to note that all states have their own unique laws in place when it comes to car insurance minimums and requirements. For example, some states are known as “no-fault” states and will not make a judgement regarding who was in the wrong in a motor vehicle collision. On the other hand, other states such as Texas will find at least one driver to be at fault in any given accident and will thus require that driver to pay for the damages he or she caused.
State Minimums in Texas
On top of this, there are specific insurance minimums that all licensed drivers that reside in the state of Texas must meet. For example, drivers must have a minimum of $30,000 in personal injury coverage per person, per accident. This should be in the amount of up to $60,000 per accident, depending on the number of people involved. Furthermore, drivers in the state of Texas must also have $25,000 in property damage coverage for each accident. Failure to meet these state minimum requirements is against the law.
Furthermore, any vehicle that is financed, whether it be a lease or a purchased car, must have what is known as “full-coverage” insurance. This type of insurance includes collision coverage in the event of an accident.
Other Texas Insurance Requirements
On top of the minimum amounts of liability and property damage protection that all drivers must have, the state of Texas also has some other basic rules in place. For starters, drivers must have proof of insurance on them at all times while operating a vehicle. Any state trooper, police officer, or government official may ask for proof of insurance at any time and failure to present it may result in a ticket/fine, arrest, towing of the vehicle, or revocation or one’s license.
In the event of an accident, all drivers involved must report the incident to local police authorities and exchange insurance information for a later claim.
Top Insurance Companies in Texas
If you are looking to buy insurance in Texas for your vehicle in the near future, there are many reputable companies to consider getting quotes from. For starters, Geico, Progressive, and Allstate are among the most popular choices for insurance carriers in the state. By getting quotes from each, you can find out which will offer the best coverage and price for you.