When you own a vehicle in Texas, it’s important to get the auto insurance that is mandated by law. There are different types of coverage that are required to be in your auto insurance, but there are other, non-mandated types of coverage that are also important to have. When you have a vehicle in Texas and need auto insurance, give us a call now at Amy Tounget Insurance Agency LLC in Midlothian, TX.

Your Mandated Insurance

The insurance that is required by the state includes two types of coverage and three total coverage amounts. The first amount is a specific minimum amount of coverage for a single person who becomes injured in an accident that you caused. The second amount is a larger specified minimum amount for all of the people who are injured in the accident. Both of these coverage types pay for a third party’s medical bills and other expenses like lost wages after an accident. The third amount required is a specific minimum for property damage liability. This pays for the damage done to the other person’s property such as a vehicle or building damage. 

Other Auto Coverage Types

It’s also important to get a couple of other coverage types in your policy, even though they are not required by law. Often, a lender will require these coverage types. Collision coverage is protection for your own property damage after you have been in an accident for which you are at fault. Comprehensive coverage also provides protection for your property damage, but it covers the vehicle when it isn’t being driven. Both of these coverage types will protect your vehicle against damage that can be expensive to pay for without this coverage. 

Cover Your Vehicle

When you need auto insurance, call us at Amy Tounget Insurance Agency LLC in Midlothian, TX.

Texas drivers who want to legally drive in the state of Texas are required to carry auto insurance that meets the state minimums. Our team at the Amy Tounget Insurance Agency LLC is committed to helping Midlothian, TX residents acquire the insurance they need to drive on Texas roads and freeways. Our team of knowledgeable licensed agents can help guide the process. 

Texas State Minimum Auto Insurance Requirements

Texas drivers are required to carry liability insurance that covers both bodily and property damage insurance. Bodily injury coverage must be carried in the amount of $30K per person and $60K per accident. Texas drivers are also required to carry $25K in property damage coverage. These coverage amounts must be carried at these minimums or greater in order to legally drive in Texas. 

Other Considerations

Texas drivers can also carry uninsured/underinsured motorist coverage as well. However, this coverage is optional and not required. Texas drivers should also note that they may be required to carry more than the state’s minimum coverage if they are leasing or financing a car.

Many lenders require car owners to carry full coverage insurance on a car that hasn’t been completely paid for. This ensures that the lender will be compensated for the loss of the car should something happen to the car before it’s been completely paid for. In situations like this, it’s not the state that will require more insurance, but the finance company or lender. This is how the lender protects their financial investment.

If you have other questions regarding how much insurance Midlothian, TX drivers must carry to legally drive, give us a call. Amy Tounget Insurance Agency LLC agents are standing by. 

Making sure that you are covered before you hit the road is important. In Texas, you have to prove financial responsibility but aren’t required to do that with auto insurance. Most people, however, find that auto insurance is the easiest way to prove you are responsible. Financial responsibility is making sure others are protected from you. At Amy Tounget Insurance Agency LLC in Midlothian, TX, we work without customers to make sure that the coverage we recommend meets their needs. 

The type of auto insurance that protects others is liability coverage. The amount you should have is 30/60/25. That covers one person in an accident up to $30,000 in personal injury, with the total for the entire accident of $60,000. Damage to personal property should be covered for $25,000. But even though this is all you must have, it doesn’t mean it’s what you should have. 

Having the bare minimum may not offer you enough protection for your assets in the event of a serious accident with injuries. 

If you have a car loan or lease a vehicle, you will be required by the lender to have insurance that protects the vehicle they have an investment in. Collision insurance protects your vehicle in the event of an accident that you are responsible for or where the other driver has inadequate insurance. It also protects you in the event you are the victim of a hit and run. 

Comprehensive insurance protects your vehicle from things other than a collision that damages your car. It can be theft or vandalism, weather-related events like wind, hail, or flooding. Anything other than a collision will most likely be covered. 

To discuss your auto insurance needs, Amy Tounget Insurance Agency LLC in Midlothian, TX is here to provide the service and products you require.

Auto insurance is one of those monthly expenses that is important and necessary. However, if your vehicle is paid off, you may be wondering whether you still need to pay for full coverage. Removing full coverage from your vehicle and opting for liability coverage only will not be the right choice for everyone.

To determine if this is the right choice for your and your individual situation, it is important to understand the difference between the two auto insurance coverage options and what considerations you should take into account. Here, at Amy Tounget Insurance Agency LLC, we want to ensure that Midlothian, TX residents are presented with the facts so that they can make informed decisions.

Full Coverage vs. Liability Auto Insurance

A full coverage auto insurance policy will consist of several different types of coverage that helps ensure you are protected in the event of an accident. Some examples of coverage that your policy would have include collision, comprehensive, liability, and uninsured/underinsured motorist. If found financially responsible for an accident, this coverage will protect you and cover the repair or replacement of your vehicle. It can also provide cover if your vehicle is stolen or damaged by a policy-covered event.

A liability-only auto insurance policy will consist of coverage that protects you against third-party insurance claims for property damage and bodily injuries when you are found at-fault for an accident. If you sustain any losses in the collision, you will not be covered.

Things to Consider

When determining whether to eliminate your full coverage and switch to liability only, there are a few important factors to consider. Since your vehicle is paid for in full, you won’t have an issue with your lender, since they normally require full coverage to be carried on a leased vehicle.

However, you will want to consider how much you drive. The more often you drive on the road, the higher the risk you will be involved in an accident. In addition, if your vehicle is still worth a considerable amount, or you do not have savings to replace your vehicle if it is wrecked, you may need to stay fully covered.

If you are unsure whether you should stay with your full coverage policy or switch to liability coverage only, contact us at Amy Tounget Insurance Agency LLC. Proudly serving the residents of Midlothian, TX, we will be happy to sit down with you and discuss your insurance needs.