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.
Each State differs in what kind of covergae is mandatory. In the State of Texas they say you must have liabilty coverage of 25/50/25 minimum. This will protect the other party.
Basically, the limits somewhat protect your pocket book and the person that incurred the damages up to $25000 for bodily injury or death, $50000 for two people. They also require $50000 to protect damages done to property such as the other vehicle. They do not require Comprehensive coverage to protect oneself.
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 are not required to carry Comprehensive coverage, but sometimes if you have a lien holder they require you to. As long as they remain part owner they want the vehicle protected from loss. You should add comprehensive if you would like to protect yourself as well.
If you decide to ignore the requirements you could get a big right hook to the pocketbook. How about the cost for towing and storing your vehicle. Fines that could cost as much as $350. If it is not your 1st time $650 or more is to be expected. You could even lose the privelage to driver a motor vehicle.
The State of Texas also has a "surcharge" that you must pay for a period up to 3 years to the Department of Motor Vehicles to maintain your license. It is not a cheap price tag either. They find it very necessary to have at least the bare minimum so they take this matter serious.
The State of Texas and many other States use a driver point system. this system is meant to punish bad drivers. Depending on you offense you are given points. These points add up over the years and could result in not only a license suspension, but much higher auto insurance rates. So stay smart and maintain your auto insurance! - 16759
Each State differs in what kind of covergae is mandatory. In the State of Texas they say you must have liabilty coverage of 25/50/25 minimum. This will protect the other party.
Basically, the limits somewhat protect your pocket book and the person that incurred the damages up to $25000 for bodily injury or death, $50000 for two people. They also require $50000 to protect damages done to property such as the other vehicle. They do not require Comprehensive coverage to protect oneself.
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 are not required to carry Comprehensive coverage, but sometimes if you have a lien holder they require you to. As long as they remain part owner they want the vehicle protected from loss. You should add comprehensive if you would like to protect yourself as well.
If you decide to ignore the requirements you could get a big right hook to the pocketbook. How about the cost for towing and storing your vehicle. Fines that could cost as much as $350. If it is not your 1st time $650 or more is to be expected. You could even lose the privelage to driver a motor vehicle.
The State of Texas also has a "surcharge" that you must pay for a period up to 3 years to the Department of Motor Vehicles to maintain your license. It is not a cheap price tag either. They find it very necessary to have at least the bare minimum so they take this matter serious.
The State of Texas and many other States use a driver point system. this system is meant to punish bad drivers. Depending on you offense you are given points. These points add up over the years and could result in not only a license suspension, but much higher auto insurance rates. So stay smart and maintain your auto insurance! - 16759
About the Author:
Call your devoted Agent Jeff Cline for your Auto Insurance needs. Mr. Cline is a professional in tMr. Cline Family Mr. Clinealth Insurance realm as well. Call his office, day or night. Mr. Cline is Mr. Clinere 365 days a year to assist you in meeting your needs and budget. His toll free number is 866-526-9669
