Auto Insurance

We ensure our policies cover all those little details for your peace of mind

Auto Insurance Requirements in Texas

Since the state is a fault accident state, that means that drivers are required to show financial responsibility for any crash that they may cause. Many drivers choose to do this by buying liability car insurance. In order to meet the minimums, drivers must have $60,000 of insurance total for bodily injury liability and $25,000 for property damage. This coverage can pay for medical bills, property damage bills, and other costs that are associated with pedestrians, drivers, or passengers who are injured. You can also have higher limits. Once you reach the limits, you are on the hook for any financial obligations that still need to be paid. Higher limits can protect assets if the crash is severe.

What Else Should You Know about Car Insurance in Texas?

The state doesn’t require drivers to have any uninsured and underinsured motorist coverage, but it does require that insurance companies like Assets Management Group offer this type of insurance. This coverage can be useful if you are in an accident with someone who doesn’t have any car insurance so that you can get your medical bills and other losses covered. This type of coverage is subject to a $250 deductible, which needs to be paid before the remaining bills are covered up to the coverage limits.

Driving without insurance means that you can be fined $350 for a first offense and have to pay court fees as well, but this doesn’t stop drivers from not having adequate insurance. Collision and comprehensive coverage aren’t required, but if you get into an accident that is your fault, you won’t be able to pay for your damages without this type of insurance. You may also be required to have these coverages if you are leasing or financing your car. Medical payments and towing and labor are some other coverage options available to protect yourself.

Contact Assets Management Group to get a quote on auto insurance or try our online rating tool.