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Liability Insurance And Financial Responsibility

March 01, 2012 | Comments: 0 | Views: 173

Drivers in the state of Texas must demonstrate that they are financially able to compensate for property damage and injuries caused in an auto accident. Obtaining the minimum amount of Texas liability insurance is the most common way to protect yourself while owning and operating a vehicle. Failure to comply with Texas's financial responsibility law could lead to criminal convictions and monetary fines.

Legislators believe that when you take on the responsibility of driving a vehicle, you should also be able to pay for any damage and injuries you cause.

Auto accidents are a daily occurrence. Even the most careful drivers can end up getting into an accident.

An easy way to cover yourself if you are at fault for an accident is to get auto insurance. The minimum Texas liability insurance requirements are $30,000 per person and $60,000 per accident of bodily injury coverage. The minimum limit for property damage is $25,000 per accident.

Looking for auto insurance quotes online is a convenient way to compare rates and purchase a policy. Provide information such as your zip code, the car description, and types of coverage on the website. Once you provide your information, you will get a list of comparable rates from different companies to choose from.

Even though drivers are only legally required to get the minimum coverage limits, it is prudent to inquire about additional coverage as well. Collision, comprehensive, medical payments, and rental reimbursement are some of the coverages that will protect you in the event of an auto accident. Getting additional coverage will increase the price of the policy but ultimately it may be less expensive to have the insurer cover your expenses if you are injured or have property damage in an accident.

There are penalties for violating the financial responsibility law. A conviction could result in monetary fines. If the fine is not paid or if the issue is not corrected, additional fines may be incurred. Other than financial penalties, it is possible that your driver's license will be suspended. Your car may also be impounded.

Prior to purchasing an auto policy, look at rates from different insurers. Contact insurers directly via email or on the phone if you have questions regarding the appropriate amount of coverage to get. If you have difficulty finding an insurer to cover you, get in touch with the Texas Automobile Insurance Plan Association for assistance. The association provides basic liability coverage to drivers who are rejected by other insurers.

You can find more information about Texas liability insurance requirements and details about different auto ins discounts offered by insurers, now.

Source: EzineArticles
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