Automobile Insurance in Texas

Automobile insurance in Texas, otherwise called financial responsibility for motor vehicles, is required for every car that is operated and parked on Texas roads, streets, and other roadways. The reason why Texas government imposes such strict rules and regulations when it comes to auto insurance in their state is because they want everyone to be able to pay for and cover any and all injuries and damages that they might cause on the road. Because some individuals don’t have the financial flexibility required to cover these expenses, automobile insurance in Texas will be able to help them with the costs.

Where to Keep Your Insurance Policy

As a general rule, people are encouraged to keep a copy of their automobile insurance in Texas in their vehicle at all times. This is because law enforcement officials might ask to see your policy if and when you become involved in an accident. Your policy should be presented when:

  • A registered and authorized law enforcement personnel requests to see your policy
  • You are applying to renew your vehicle’s registration
  • Your vehicle is involved in an accident or collision

It’s also important that you keep multiple copies in safe places either in your home or in safety deposit box at your bank. Remember, your insurance policy might be the only thing that will prove your claim, so the last thing you want is to lose it when you need it most.

What are the Minimum Liability Insurance Requirements in Texas?

Liability insurance is the type of coverage that will answer for the costs associated with damage, destruction, injury, and even death that you cause to others while operating your vehicle. In Texas, the minimum requirements for liability insurance are:

  • $15,000 for injury or death caused to a single person
  • $30,000 for injury or death caused to multiple people
  • $5,000 for damage to others’ property

While these minimum requirements will prevent you from having to pay for federal tax penalties imposed by the state, it might not actually be enough to cover the damages you might cause. When buying auto insurance, it’s always ideal to buy as much coverage as you can afford. Don’t cheap out on your insurance today as it just might save you a whole lot more tomorrow. Ask your insurance provider about the possible extended coverage options to satisfy your needs and preferences and to keep you and those around you safe at all times.