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Texas Insurance Coverage Requirements by Law

• Bodily Injury Liability (one person): $25,000 Limit
• Bodily Injury Liability (every person involved):$50,000 Limit
• Property Damage Liability: $25,000 Limit

*Higher limit requirements went into effect on 04-01-2008

In Texas, someone must always be found held accountable for causing an auto accident and they, along with their auto insurance company, are accountable for covering subsequent damages. This system is known as the tort system. There are various other states that practice this type of system, but specific laws and regulations may vary by state.

Texas citizens can utilize Uninsured/Underinsured Motorist Bodily Injury coverage to cover bodily injury caused by an underinsured driver (depending on the state). The state does not mandate motorists to maintain this specific type of coverage, but people should think about having this invaluable insurance policy option.

Texas auto insurance can be expensive. In 2003, the premium paid on average was just above $900 and plenty of motorists are not informed that their auto insurance premiums could be decreased. The world wide web is a great place to begin receiving cheaper insurance policies. There are thousands of websites that allow you quickly evaluate auto insurance rate quotes.

Sites like this can help you find the best insurance premiums, but there’s no guarantee that they can help. In general, insurance rates tend to grow over time. From 1999 - 2006, insurance insurance rates did not decrease. Finally, in 2007, average rates did settle down, but by only about 1 prcent. 2008 also was able to show some decreases in expenses, however, they are expected to go up again in 2009 as the economy gets worse.

Texas premiums go up over the years. If you’re not staying up to date on your own personal situation, you might not be getting the cheapest auto insurance premiums available. In 2003, average expenses were $932. Just one year earlier, the average insurance premiums in 2002 was about $882, that’s an increase of about 5.67% in just one year! Don’t waste your money paying high premiums, start saving now by requesting an online quote from multiple insurance comparison sites now.