Driving a vehicle without any auto insurance can hurt your pocket book in numerous ways. On top of paying for damages occurred in an accident, you can be fined and even lose your license. Many states have laws requiring auto insurance. The State of Texas requires it before you can even register a vehicle.
The State of Texas limits are 25/50/25. Each State may differ. Texas requires liabilty covergae that will cover damage and medical expenses if you are found at fault
The Texas 25/50/25 means that you must have liability insurance that will cover $25000 bodily injury or death for 1 person and $50000 for 2 people. it must also pay up to $25000 for damage to property. This minimum does not protect you or your property that would be an additional coverage called Comprehensive.
If you are found at fault the States minimum may not be enough. If the cost of damages are more than you have coverage for you are still responsible to pay. This is why many insurance companies recommend higher limits to eliminate this possibility for your protection.
If you are the sole owner of your automobile you are not required too have Comprehensive coverage, although it is highly recommended for your own protection. If you have a lien holder they most likely require you to carry Comprehensive to protect them.
How would you like to lose the privealege to driver? Do not follow your States requirement and your wish may be granted. Fines could be as much as $1000 depending on whether it is a 1st offense or 2nd or 3rd. You could have your car towed and that means even more money out of your pocket for fun.
You can also expect to pay a surcharge to the Department of Motor Vehicles for up to 3 years. These surcharges can be pretty hefty. They take failure to maintain financial responsibility very serious. So yes, you could expect to lose money over the course of 3 years.
The State of Texas and many other States use a driver point system. this system is meant to punish bad drivers. Depending on you offense you are given points. These points add up over the years and could result in not only a license suspension, but much higher auto insurance rates. So stay smart and maintain your auto insurance! - 16928
The State of Texas limits are 25/50/25. Each State may differ. Texas requires liabilty covergae that will cover damage and medical expenses if you are found at fault
The Texas 25/50/25 means that you must have liability insurance that will cover $25000 bodily injury or death for 1 person and $50000 for 2 people. it must also pay up to $25000 for damage to property. This minimum does not protect you or your property that would be an additional coverage called Comprehensive.
If you are found at fault the States minimum may not be enough. If the cost of damages are more than you have coverage for you are still responsible to pay. This is why many insurance companies recommend higher limits to eliminate this possibility for your protection.
If you are the sole owner of your automobile you are not required too have Comprehensive coverage, although it is highly recommended for your own protection. If you have a lien holder they most likely require you to carry Comprehensive to protect them.
How would you like to lose the privealege to driver? Do not follow your States requirement and your wish may be granted. Fines could be as much as $1000 depending on whether it is a 1st offense or 2nd or 3rd. You could have your car towed and that means even more money out of your pocket for fun.
You can also expect to pay a surcharge to the Department of Motor Vehicles for up to 3 years. These surcharges can be pretty hefty. They take failure to maintain financial responsibility very serious. So yes, you could expect to lose money over the course of 3 years.
The State of Texas and many other States use a driver point system. this system is meant to punish bad drivers. Depending on you offense you are given points. These points add up over the years and could result in not only a license suspension, but much higher auto insurance rates. So stay smart and maintain your auto insurance! - 16928
About the Author:
Look to your friendly Broker Jeff Cline for your Auto Insurance needs. He is a professional in the Family Health Insurance industry as well. Contact his office, day or night. He is here 365 days a year to assist you in meeting your needs and budget. His toll free number is 866-526-9669
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