Abiding By Texas Vehicle Insurance Laws
Abiding By Texas Vehicle Insurance Laws: In order to be in compliance with state law a motorist must carry vehicle policies consisting of at least liability coverage in the amount of $25,000 for bodily injury to one person, $50,000 for bodily injury per accident and $25,000 for property damage and is commonly seen on declaration pages in the form of 25/50/25. At the beginning of the upcoming new year these minimum limits required will be increasing to 30/60/25 and any policy written or renewed after January 1, 2011 will need to meet these requirements.
While the cost of vehicle coverage may be dreaded by the average consumer, the penalty for being caught without a policy can be extremely expensive and in some cases even exceed the amount of a premium. A first time offense can result in costs that can easily exceed $1,000 and convictions can also lead to the impoundment of a vehicle, suspension of driving privileges and even jail time. Subsequent offenses can be much worse.
It is probably in the best interest of motorists to take the time to find the most affordable coverage available rather than pay fines in addition to having to get insured any way. With a comparison of the quotes of carriers and shopping around and comparing options, a motorist may be able to find a policy that can fit their budget; even if it is only the absolute minimum required by the state. Residents can even visit the website of the Texas Department of Insurance which provides helpful tips to getting insured at the lowest possible rate.