The amount of coverage that should be carried in the Lone Star State is dependent on a particular individuals needs. Not all motorists are in need of the same level of protection, therefore they must evaluate their own situation in order to determine the right coverage for them specifically.
One thing that is certain is that it is against the law to operate a vehicle without a policy meeting the state's minimum liability requirements; all motorists should at least meet this requirement before operating an automobile.
Texas Car Insurance Coverage to Consider
There are many different types of coverage to choose from in the state, but need is based on an individual's insuring needs; the best way to determine the best policy for specific motorists is to understand the options that they have and complete a quote comparison based on what they deem necessary.
A common addition to Texas auto insurance policies is Comprehensive and Collision; this will pay for damages caused to the insured vehicle minus any applicable deductible. If an individual is financing an automobile, their lender will most likely require the borrower to maintain this coverage throughout the term of the loan to ensure protection for the vehicle; this also is beneficial for the policyholder since it may help them avoid having an outstanding loan on a damaged automobile. Motorists who own a vehicle may want to compare the premium and the market value of the automobile to decide if it would be in their best interest to purchase this coverage.
Uninsured/Uninsured motorist coverage can be beneficial to most anyone. This will cover injuries and property damage caused to the policyholder by an uninsured driver or if victim of a hit-and-run. This will also pay for medical bills and vehicle repair costs that exceed the limits of the other parties liability coverage. Due to the fact that many choose to drive without a policy in place, one may want to obtain quotes with this option to see if it within their budget.
Motorists also have the option to choose to purchase Medical Payments and Personal Injury Protection (PIP). Medical payments will pay for reasonable and necessary medical and funeral expenses for the insured, family member, or passenger resulting from a traffic accident. Personal injury protection will compensate in the same manner with the addition of 80% of lost income and the cost of a caregiver for an injured person.
Many companies offer towing and rental reimbursement as an add-on. If a vehicle is damaged to a point where it is unsafe to drive, the insurer will reimburse the policyholder for the towing charges. Rental reimbursement pays for the cost of renting a vehicle during the time it is being repaired for a set daily amount and number of days.
While most of these types of coverage can be beneficial they may not be within everyone's budget; it may be a good idea to quote different levels of protection to see what can be afforded. It is also important to avoid paying for additional coverage that is not needed as well. One should carefully evaluate their needs and understand their options prior to purchasing a policy.