<br />
Every State sets limitations on what type of coverage is a minimum. But it must pay for damage to property and medical. Texas law states a driver must carry at least 25/50/25 in liability coverage.<br />
<br />
Basically, the limits somewhat protect your pocket book and the person that incurred the damages up to $25000 for bodily injury or death, $50000 for two people. They also require $50000 to protect damages done to property such as the other vehicle. They do not require Comprehensive coverage to protect oneself.<br />
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If you are found at fault the States minimum may not be enough. If the cost of damages are more than you have coverage for you are still responsible to pay. This is why many insurance companies recommend higher limits to eliminate this possibility for your protection.<br />
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You are not required to carry Comprehensive coverage, but sometimes if you have a lien holder they require you to. As long as they remain part owner they want the vehicle protected from loss. You should add comprehensive if you would like to protect yourself as well.<br />
<br />
How would you like to lose the privealege to driver? Do not follow your States requirement and your wish may be granted. Fines could be as much as $1000 depending on whether it is a 1st offense or 2nd or 3rd. You could have your car towed and that means even more money out of your pocket for fun.<br />
<br />
You can also expect to pay a surcharge to the Department of Motor Vehicles for up to 3 years. These surcharges can be pretty hefty. They take failure to maintain financial responsibility very serious. So yes, you could expect to lose money over the course of 3 years.<br />
<br />
It is important to maintain auto insurance. For many reason. The ones listed, plus they fact that violations increase your insurance premiums, just making it more expensive to maintain coverage. It is such a waste of your hard earned money.</div><div class='uawresource'><div style='font-style:italic;' class='uawabout'><br />
About the Author:<br />
</div><div class='uawlinks'>Look to your friendly Broker Jeff Cline for your <a href="http://www.policystore.com">Auto Insurance</a> needs. Mr. Cline is a professional in tMr. Cline <a href="http://www.christianauction.com">Family Mr. Clinealth Insurance</a> realm as well. Contact his office, day or night. Mr. Cline is Mr. Clinere anytime to assist you in meeting your needs and budget. His toll free number is 866-526-9669 </div><br />
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