Online Vehicle Insurance, Texas Auto Insurance Information
The Lone Star state mandates that all motorists are able to pay for any injuries and/or damages that may cause as a result of a traffic collision; this law is enforced by the majority of the United States and is known as the Financial Responsibility Law. The main goal behind this law is to help ensure that compensation is in place for individual who have been involved in a traffic collision; it is also intended to help protect residents from uninsured motorists by adapting strict penalties for those who are caught operating an automobile without the proper coverage.
According to the Texas Department of Insurance, there are approximately 4 million registered vehicles that are potentially uninsured. To help keep uninsured motorists off of the roadways the state has developed a system called Texas Sure, the “financial responsibility verification program” which allow designated departments to electronically confirm whether or not a vehicle has a valid Texas car insurance policy; for example, a law enforcement officer will be able to verify policy status electronically on a routine traffic stop or at the scene of an accident.
As of spring of 2010, the owner of any automobile without coverage will be sent a notification from Texas Sure which will contain vehicle registration information and details on how to comply with the state’s requirements.
Complying with Texas car insurance Laws
Currently, the state requires drivers to carry policies with minimum limits of liability in the amount of $25,000 for bodily injury to one person, $50,000 for bodily injury per accident and $15,000 for property damage; this is often abbreviated as 25/50/15. Higher limits may be purchased for an addition premium to further protect assets in the event that expenses arising from an accident that exceeds these amounts. The majority of individuals who choose to comply with the financial responsibility law do so by purchasing an auto insurance policy from a carrier licensed to do business in the Lone Star State; Texans should be aware that they are a wide variety of insurers to choose from and should shop smart and diligently in order to find affordable coverage to help make it easier to keep policies in effect.