Like in all states, there is a minimum auto insurance requirement in Texas. Automobile insurance financially protects you by paying for medical bills and repairs if you are at-fault for an accident. Depending on the coverage type, auto insurance can replace or repair your car if it is stolen or damaged in an accident. Texas has a published Consumer Bill of Rights, so you are aware of the requirements and to protect you as a buyer. When you purchase a new policy, you will receive this document.
Texas Auto Insurance Requirements
At the absolute minimum, Texas law requires you to hold liability coverage. For as long as you owe money on your car, your lender requires you to have comprehensive and collision coverage. Expert insurance companies like Gruene Insurance Services recommend you have more than the minimum state requirement. Other basic auto insurance coverages include:
Medical Payments Coverage
This policy pays for medical bills incurred by you and your passenger after an accident. It also pays if you are injured while riding in another automobile.
Personal Injury Protection Coverage
Like medical payments coverage, this type of protection pays for medical bills but also lost wages and non-medical costs. All auto insurance policies include personal injury protection coverage.
Rental Reimbursement Coverage
This type of coverage pays for your car rental if yours is being repaired due to an accident or stolen. Some policies even pay for transportation to and from the auto shop.
This insurance coverage is extremely important as it pays if you are in an accident with someone who has no insurance or does not have enough insurance to pay car repair and medical bills. It also covers you in a hit-and-run accident.
If you are looking for a new policy, stop by Gruene Insurance Services in New Braunfels today! Our qualified professionals are ready to answer all your questions and find the best auto insurance policy that fits your needs and budget!