Texas auto insurance protects you against financial loss if you have an accident with your vehicle. It is a risk contract between you and the Texas insurance company.
The terms are that you agree to pay the premium and the Texas insurance company agrees to pay your losses as defined in your policy. These terms can vary considerably from policy to policy.
An auto insurance policy in Texas can be comprised of six different kinds of coverage. At a minimum, Texas auto insurance usually is comprised of property, liability and medical coverage. Texas property coverage pays for damage to your car or in the event of the theft of your car.
Texas liability insurance coverage pays for your legal responsibility to others for bodily injury or property damage arising from an accident. Texas medical coverage pays for the cost of treating injuries, rehabilitation and sometimes
even lost wages and/or funeral expenses. If you're financing a car, your lender may also have
Texas New Car Insurance
In Texas, you are required by law to carry auto insurance if you want to drive that car on the road.
If you are financing the vehicle, most lenders in Texas will require that you have full coverage. You should also make sure that you have sufficient liability coverage to protect your other assets from personal injury or property damage claims that may develop from a Texas auto accident.
If you are leasing the vehicle, be sure to check your lease contract for any minimum coverage limits. Almost all leases in Texas require that you carry a minimum of liability coverage or you will be in violation of the lease.
If you are thinking about buying a car, you'll need to start thinking about Texas auto insurance coverage. Auto insurance can protect you against risks such as accidents, theft and vandalism.
Texas state laws (and/or your lender) require you to purchase at least a minimum amount of insurance coverage. You may find it very prudent to purchase more than the minimum Texas auto insurance required.
A Brief Video On The Types Of Auto Insurance For Texas