The Importance of Car Liability Insurance in Texas
The Importance of Car Liability Insurance in Texas: The purpose of liability insurance is to ensure that a driver is financially responsible for damage that they may cause another motorist, but it is also present to protect the driver from a possible financial disaster. If a motorist did not have such coverage and struck another vehicle, then all of the damages that they caused to the third party driver may have to be paid out of pocket, which could quickly amount to thousands of dollars. If a Texas resident is caught without this coverage there can be repercussions as well. A first time offender may have to pay between $175 and $350, while a second offense could amount to a fine of $350 to $1,000 and the suspension of the resident’s driver’s license, in addition to the possibility of having their automobile impounded.
To avoid such repercussions, motorists are encouraged to acquire the proper amounts of coverage, and to even explore the idea of increasing their liability coverage. Although the state requirements are adequate for most situations, each and every accident is unique in damages and potential costs, and because of this there remains a chance that a driver could be caught off guard. If a driver is involved in an accident in which they are at fault and cause more than $25,000 worth of damage to an automobile of the person they struck, then the third party motorist has the option of suing the offending driver for the remaining property damage costs.
Increasing ones liability limits beyond the state requirements decreases the likelihood of being involved in a lawsuit and having to pay various expenses out of pocket. Often, this can be accomplished with only a minimal increase to one’s policy rates, with the subsequent increase in protection being well worth the increased price. To help ensure that residents are knowledgeable about the various requirements, TX publishes and updates a guide detailing auto insurance coverages which describes many of the finer points of a policy, which could in turn explain the importance of having an adequate amount of coverage.