Beginning on Jan. 1, 2011, drivers in Texas who renew or purchase a new car insurance policy with the state?s minimum limits will be getting a higher level of financial protection ? whether they ask for it or not. That?s because the new year will bring with it the second part of a gradual increase in the state?s minimum bodily injury limits for auto policies.
Lone Star State drivers who want to make sure that they are still able to find cheap auto insurance in Texas after the change goes into effect may want to run an online comparison in order to quickly evaluate prices from different insurers. Any change in premiums should be slight, though, since the state has mandated only a 20 percent increase in bodily injury liability.
Texans? government currently requires them to carry a policy that will provide for at least up to $ 25,000 in bodily injury liability for one person in an accident, $ 50,000 for two or more in an accident, and $ 25,000 in property damage caused in one accident ? this is commonly denoted as 25/50/25. After Jan. 1, the minimum will be 30/60/25.
Source: http://www.legis.state.tx.us/tlodocs/80R/billtext/html/SB00502F.HTM
According to groups like the National Association of Insurance Commissioners, an increase in the total amounts of protection usually comes with a reasonable price increase. While researching the possible cost increase of moving coverage up to the new minimums, consumers may even want to see what it would cost to go beyond the minimums and get more extensive protection. The premium increase could be minimal, and the extra coverage could prove invaluable.
Texans should keep in mind that they live in one of the many states with a tort-based coverage system, meaning their liability protection goes toward damages that have been inflicted by the policyholder and not the other way around.
To learn more about Texas insurance issues, readers can go to http://www.onlineautoinsurance.com/texas/ where visitors will find informative resource pages and will be able to begin the shopping process by using the free quote-comparison generator.
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