What Is The Minimum Liability Coverage - TGS Insurance » Auto Insurance » 30/60/25 Coverage Explained 30/60/25 Coverage - Understanding Texas' Minimum Auto Insurance Requirements
Almost all states require drivers to carry a minimum amount of liability insurance to cover the costs of at-fault accidents. In Texas, the minimum requirements are often referred to as 30/60/25 coverage.
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Bodily injury liability coverage covers medical bills and compensation for lost income to people outside your family who are injured in a car accident in which you are the victim. If other parties sue you, this coverage can also help with your legal fees.
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Property damage coverage will pay the actual cash value for the replacement or repair of another vehicle and the replacement or repair of real property such as fences.
The average cost to meet the minimum Texas health insurance requirements with 30/60/25 coverage is $526 per year or $44/month. Rates will vary between individuals based on several factors, including driver characteristics, vehicle characteristics, coverage options and location, among others.
While 30/60/25 coverage will meet your state's coverage requirements, if you're at fault, you're over-covering for the full amount, which will leave you on the hook for the balance. According to Insurify.com, the most popular car in Texas in 2020 was the Nissan Altima, which had an MSRP of $24,100. If you were to take the plunge and drive a brand new Altima, your coverage would barely cover that MSRP. What if the vehicle causes multiple accidents? Or what if the other driver is driving a brand new Ford F-150, which starts at $30,000? The reality is that only meeting the state's minimum requirements leaves you vulnerable to paying a large portion of your pocket should an accident occur. Not to mention, liability insurance only covers others. Most drivers should consider adding additional coverage beyond what is required by the state.
In addition to purchasing the minimum insurance requirement in Texas - again the 30/60/25 minimum - you must keep yourself available and ready to show this proof of insurance when:
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Since September 1, 2013, Texas drivers have been allowed to display this proof of insurance through their mobile devices during traffic stops.
The agents at TGS Insurance Agency are ready to help you find the auto insurance that meets your coverage needs at a price you can afford. We work with you to find the right type of coverage and then find your insurance among our 35+ A-rated (or better) partners to find the best price in the market on your car insurance.
All of them are my basketball players. The insurance premium is affected by several factors; therefore we recommend acquiring an individual number to find your rates.
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To help provide greater financial protection to drivers on the road, each state in America has minimum insurance requirements that you must meet if you want to legally get behind the wheel. What this means is that if you live in the United States and own a vehicle, you must meet or exceed your state's auto insurance policy.
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