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
There minimum limit must include $25000 for bodily injury or death (1 person) and $50000 for 2 people. And it must also have $25000 for damage and destruction of property. All of these limits are per accident. There limits do not cover damages for yourself, it is up to you to add that coverage.
If damages exceed the limits you would still be responsible for the additional expense. Many insurance companies recommend more coverage for this reason. The States minimum is just that a minimum and often not enough.
You have the choose not to or to add comprehensive coverage to protect yourself in an at fault accident. If you have a lien holder that shares and interest in your vehicle, they may require you to carry comprehensive. So even though the State does not require it it is recommended.
In the State of Texas penalties for not having insurance are hefty. In some counties you could have your vehicle towed, costing you even more. Fines can be as high as $350. You can expect those fines to double or triple for multiple offenses. Strike 3 could mean a license suspension.
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.
It is important to maintain auto insurance. For many reason. The ones listed, plus they fact that violations increase your insurance premiums, just making it more expensive to maintain coverage. It is such a waste of your hard earned money. - 15485
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
There minimum limit must include $25000 for bodily injury or death (1 person) and $50000 for 2 people. And it must also have $25000 for damage and destruction of property. All of these limits are per accident. There limits do not cover damages for yourself, it is up to you to add that coverage.
If damages exceed the limits you would still be responsible for the additional expense. Many insurance companies recommend more coverage for this reason. The States minimum is just that a minimum and often not enough.
You have the choose not to or to add comprehensive coverage to protect yourself in an at fault accident. If you have a lien holder that shares and interest in your vehicle, they may require you to carry comprehensive. So even though the State does not require it it is recommended.
In the State of Texas penalties for not having insurance are hefty. In some counties you could have your vehicle towed, costing you even more. Fines can be as high as $350. You can expect those fines to double or triple for multiple offenses. Strike 3 could mean a license suspension.
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.
It is important to maintain auto insurance. For many reason. The ones listed, plus they fact that violations increase your insurance premiums, just making it more expensive to maintain coverage. It is such a waste of your hard earned money. - 15485
About the Author:
Call your friendly Broker Jeff Cline for your Auto Insurance needs. He is a leader in the Family Health Insurance realm as well. Call 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
