TX Auto Insurance Required For Drivers
The state of Texas has a minimum insurance requirement for all drivers.
The required minimum insurance for TX auto insurance is 20/40/15.
In the above requirement the 20 is the minimum amount of insurance required for any one person injured from another vehicle in an accident where you are at fault and means that your requirement for insurance is twenty thousand dollars.
The 40 requirement is the amount the insurance will pay for all persons in the other vehicle or vehicles who are injured in any one accident.
If you are involved in an accident with a fully loaded fifteen passenger van, then the fourth thousand dollars would be split fifteen ways between the medical costs, pain and suffering of the fifteen passengers.
The fifteen is the amount of money the insurance company is required to pay for property damage that is done by your vehicle.
The damage can be to other vehicles, homes, fences or street controls as well as any other property damaged by your vehicle in an accident.
As you can see from the above paragraphs, the state minimum may not cover all the expenses of an auto accident.
If the insurance does not fulfill all the claim, the persons who are injured or suffer loss may file a lawsuit against you for the remainder of the loss.
This reason causes many people to choose to carry a higher liability packet.
The higher limits often cost little more than the state minimums and offer far better protection.
It is not uncommon to see liability insurance packets written today for 200/300/200.
Some people even choose to carry one million dollar coverage.
In the lawsuit happy times we where we live today, the smart advice for anyone is to have as much liability insurance as you can afford.
Certainly, you will want to have more than the TX auto insurance requirements.
The required minimum insurance for TX auto insurance is 20/40/15.
In the above requirement the 20 is the minimum amount of insurance required for any one person injured from another vehicle in an accident where you are at fault and means that your requirement for insurance is twenty thousand dollars.
The 40 requirement is the amount the insurance will pay for all persons in the other vehicle or vehicles who are injured in any one accident.
If you are involved in an accident with a fully loaded fifteen passenger van, then the fourth thousand dollars would be split fifteen ways between the medical costs, pain and suffering of the fifteen passengers.
The fifteen is the amount of money the insurance company is required to pay for property damage that is done by your vehicle.
The damage can be to other vehicles, homes, fences or street controls as well as any other property damaged by your vehicle in an accident.
As you can see from the above paragraphs, the state minimum may not cover all the expenses of an auto accident.
If the insurance does not fulfill all the claim, the persons who are injured or suffer loss may file a lawsuit against you for the remainder of the loss.
This reason causes many people to choose to carry a higher liability packet.
The higher limits often cost little more than the state minimums and offer far better protection.
It is not uncommon to see liability insurance packets written today for 200/300/200.
Some people even choose to carry one million dollar coverage.
In the lawsuit happy times we where we live today, the smart advice for anyone is to have as much liability insurance as you can afford.
Certainly, you will want to have more than the TX auto insurance requirements.
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