In the state of Texas, auto insurance is something you're legally required to have, but it is also something that you will also obtain by choice since it offers you so much protection. The state has laws requiring every resident to have liability coverage, but most people also choose some other optional coverage types as well. Here are the three most essential types of auto coverage in Texas today.
Liability Insurance in Texas
Liability insurance is the type of coverage that you need for two reasons: First, to follow the state law, and second to protect yourself from some major financial loss if you cause an accident. If you're responsible for injuries or other types of damage in an auto accident, the injured persons could be awarded significant financial compensation. By having liability coverage, that compensation won't come directly out of your pocket.
The state minimum levels of liability are: $30,000 in accidents with one injured person, $60,000 in accidents with two or more injured persons, and $25,000 in property damage. These are per accident limits.
Liability coverage is an excellent protection for others, and it is important financial protection for you. However, it does not protect your own vehicle.
Collision Insurance in Texas
In any accident where your car was damaged, your liability coverage won't pay for repairs to your car, but your collision insurance will. Generally, any damage sustained during a collision with other vehicles or objects is covered. A deductible is typically paid by the policy holder, and then the remainder of the repair is covered by the insurance company when collision repairs are needed.
Comprehensive Insurance in Texas
Comprehensive insurance covers the situations that collision insurance and liability coverage do not. This includes theft, damage from natural disasters, and many other non-accident damages. It is quite common for liability, collision, and comprehensive auto insurance to be bundled together for policy holder convenience.
Having well rounded auto coverage is a necessity in Texas today, but there is no reason you should pay too much for it. The independent agents at TVC Integra Insurance Services are here to help you get a quality policy for the best bottom line price. Try our free quote comparison tool to get policy options from three or more major insurance providers at once!