Texas Insurance

Texas law requires people who drive in Texas to be able to pay for the automobile accidents they cause. Most drivers do this by buying automobile liability insurance. Liability insurance pays to repair or replace the other driver’s car and pays other people’s medical expenses. It does not pay to repair or replace your car or for your injuries.         

Effective April 1, 2008, the minimum coverage amount required by the state’s financial responsibility law will increase to $25,000 for each injured person, up to a total of $50,000 per accident, and $25,000 for property damage. (The limits prior to April 1 were $20,000 for each injured person, up to a total of $40,000 per accident, and $15,000 for property damage per accident.)

The limits will increase again on January 1, 2011, to $30,000 for each injured person, up to a total of $60,000 per accident, and $25,000 for property damage per accident.

Drivers will be required to comply with the new limits as their policies are issued or renewed on or after the effective dates.

This information was obtained from The Texas Department of Insurance’s website. Adiitional information can be found at:

http://www.tdi.state.tx.us/consumer/financialrespon.html