Buying car insurance is something that we are all used to by now, but it can still be a somewhat confusing proposition. Federal and state regulations are in place that require you to buy liability insurance unless you can put up some kind of financial security, but there are a variety of other “add-ons” and supplementary coverages as well.
When it comes to auto insurance Houston drivers can choose to buy the following different coverage:
Uninsured or underinsured driver coverage.
According to the Department of Motor Vehicles in the state as many as one in five drivers on the road may be uninsured or underinsured. If you are unfortunate enough to get into a collision with a vehicle being driven by one of these individuals then this coverage can help to protect you.
Damage to your vehicle will not be covered as part of a bare-bones policy. You could nevertheless opt to have this type of protection, should you have an accident that was not attributable to somebody else.
Sometimes other events, such as bad weather, could cause damage to your vehicle. When you choose to get comprehensive coverage you won’t be faced with a hefty bill.
If your vehicle is undrivable due to an accident of some kind then it is likely that you will have to get it towed to a nearby facility. You can opt to get coverage for this type of cost when you buy your insurance.
Even though when it comes to buying auto insurance Houston drivers may opt just to get the basic coverage, understand that if you’re leasing your car you will be required by the leasing company to buy comprehensive and collision damage coverage, essentially to protect their assets as well.
The state of Texas has minimum liability insurance limits in place and most people will be required to buy at least that amount of coverage when they take out the policy. The minimum limits are known as 30/60/25. This means that $30,000 will be paid out in the event that there is a successful claim for each person injured in an incident. There is a maximum amount of $60,000 for injuries sustained in any one incident. The insurer will also pay up to $25,000 to cover property that was damaged as a result of the accident.
It is very important to ensure that you have coverage, as there can be harsh consequences alternatively. If they are found not to have auto insurance Houston drivers can face a fine of up to $350 for the first conviction. Subsequent convictions can result in fines of up to $1000, with the possibility that your driver’s license privilege may be suspended and you car may be impounded.
You may have questions related to your auto insurance, especially if you have multiple adults in your household, or are looking for coverage for family members. It’s important to make sure that you have adequate coverage not only to protect you and others financially, but to ensure that you are in compliance with the law. Talk with Anco agents to answer all your questions.