Car accidents can leave the car owner in a tricky spot! The person responsible for causing a car accident will be liable for the costs of both their own car and the. Having a good understanding of the types of car insurance available in Southlake; Texas is essential before purchasing a policy. So in this brief article, we’ll talk about all you need to know about the different types of car insurance policies available in Southlake, Texas.
3 Types of Car Insurance you Need to Know About
There are over eight different types of car insurance policies provided by Texas insurance agencies. In this article, we will define the three most important ones, including
- Liability Insurance in Texas
- Comprehensive Coverage
- Collision coverage
Do you Need Car Insurance in Texas?
According to the Texas Department of Insurance, all drivers must carry some form of car insurance when driving within Texas. If you’ve purchased a car through a lender and still owe a substantial amount of money on your vehicle, then your lender will require you to have comprehensive or collision coverage. Since there are around eight different auto insurance policies in Texas, we will just look at the top 3.
What Does Liability Insurance Cover on a Car?
Liability insurance coverage is essential to have in Southland, Texas. If you are found to be at fault for causing injury to a person during a car accident, your liability insurance will cover the costs.
Texas has a liability cover state law referred to as 30/60/25. And under this law, drivers must have a minimum of $30,000 coverage designated for injuries sustained to a person. $60,000 is allocated per accident, and $25,000 is allocated for property damage.
Comprehensive Coverage in Southlake, Texas
Now, collision and comprehensive coverage is often confused with one another. Comprehensive coverage is a form of car insurance that protects your car from damages sustained by floods, theft, or fire. In other words, comprehensive car insurance ensures you that your car will be replaced or repaired should it be stolen or damaged by other means like floodings and fires. Comprehensive coverage will not provide coverage for collision-based car accidents.
Do you Need Comprehensive Coverage in Southlake?
Texas weather is unpredictable at times; in previous articles, we’ve discussed the importance of flood insurance in Southlake, Texas. It’s important to mention that hail storms, fires, tornados, and rainfalls can all damage your car. For these reasons, we always recommend purchasing comprehensive coverage when in Texas.
Collision Coverage: Another Important Type of Car Insurance in Texas
A car can sustain extensive damage after a car accident. These damages, whether it be panel or engine related, can cost thousands of dollars to repair. And, if the damage is extensive, then there’s a good chance that you may need to replace your car with a new one.
So, how can you fix up your car after a car accident? Well, through collision coverage, of course.
Collision coverage policies in Texas cover any damage sustained to your vehicle caused by another car or a stationary object. For example, if you hit a fence, then your collision coverage policy will step in to pay for the repairs needed to your cars.
James Little: We Make Purchasing Auto Insurance in Southlake Easy!
When it comes to understanding auto insurance in Southlake, things can get a little tricky. Insurance policies are expensive, and many insurance agents may pressure the client to purchase other types of car insurance policies.
Don’t be alarmed! Buying auto insurance in Southlake doesn’t have to feel like a chore. Talk to one of the independent insurance agents today to see what insurance policy would suit the needs of your lifestyle best.