When it comes to driving in the state of Texas, there are some important facts to keep in mind. The first is that you need to have basic 30/60/25 liability insurance. The second is that it is a good idea to have more than just basic liability in the state of Texas. The reason being is that even though around 80% of the state complies with at least the 30/60/25 liability, there are still millions of uninsured and underinsured drivers on the road. For people who are leasing, most finance companies require more than liability because they want to ensure the vehicle is fully covered if anything should happen. The 25 in the liability stands for only $25,000 in damage coverage. For new cars that cost more than $25,000, getting into a wreck that totals the vehicle implies that there will a large sum left unpaid by the insurance company. If you have a $35,000 truck and its gets totaled, the minimal liability will only pay up to $25,000 and for many companies it would be a fight to get that. The following is a breakdown of different coverage options and what you should consider when purchasing your next insurance plan from someone like http://texasinsurancequotes.us/texas-auto-insurance/.
To help cover the difference, many drivers opt for more coverage.
The different levels of Texas auto insurance are similar to options in most states. Drivers can elect to get: Comprehensive, collision, UM/UIM, Roadside, and Repair. Each of these can offer Texas drivers a more complete sense of coverage and ensure that they are prepared for any manner of accident.
Collision : With collision coverage you will be aiming to cover any additional damages your vehicle sustains in an accident regardless of who was at fault. This is normally calculated by taking the value of the car in the collision, subtracting the driver’s deductible to get the amount they will pay out to the policy holder. In the event the Vehicle needs to be replaced, either in part or in its entirety, this can soften the finial impact involved. The deductible the policy holder is willing to pay will have a large impact on how much of a additional cost in incurred.
Comprehensive: If a vehicle sustains damage due to anything outside of a collision with another object Comprehensive coverage will come into play. In Texas Comprehensive commonly includes various kinds of inclement weather damage. A examples of this would be damage to the body due to hail or flying debris, or air born objects due to the high winds found in hurricanes or tropical storms breaking windows while the vehicle is at rest. In other words any time you are not in the vehicle and something happens to your vehicle comprehensive coverage will normally pay for the majority if the the totality of the repair costs.
Towing, labor, rental, and roadside Insurance : Most Insurance companies offer coverage for a variety of services that are do not involve direct damage as add on to their normal protection bundles. The majority of minor repairs and even some major repairs would be covered under labor. If the vehicle breaks down on the road and needs assistance it would be covered under roadside assistance and towing if necessary. Also while you are with out a vehicle the rental coverage will help pay for the cost of renting a vehicle for your transportation needs. If the insurance dose not cover it, or if the price is to high, you can normally get similar services from other companies such as AAA.
Medical payments and Personal Injury Protection(PIP): These types of coverage are meant to cover the large amount of costs that can be required for the human element of a accident such as medical bills, cost of care while recovering, and in unfortunate cases the need for funerals. PIP will cover around 80% things like additional care or any lost wages that might be incurred. In the case of far more serious injuries or Death these medical payment coverage can lessen the sometime crippling finical hit a uninsured driver would take, which would normally be in at least the 10s of thousands. This also applies for family member or any other passengers who where in the vehicle that is covered under this plan.
Uninsured/underinsured motorist (UM/UIM): This type of insurance can help cover your vehicle in the event that the driver has failed to obtain proper coverage. This is more common then one would think with roughly 20% of people in Texas failing to meet the state requirements. In some places such as in and around Dallas this can be as high as 1 out of 6 drivers not having enough insurance to cover a accident. The majority of Texas auto Insurances will offer this kind of coverage as an option just remember to ask.