What Are the Minimum Requirements for Car Insurance in McKinney, TX?

Dec 24, 2018 (0) comment

Ensure you have proper car insurance coverage in McKinney, TX.

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The great state of Texas is considered an “at fault” state. What does this mean for vehicle owners? Well, anyone who drives in Texas must pay for an accident they cause. This is why car insurance plays a key role. Most vehicle owners hold liability insurance in McKinney, Texas, to repair or replace another driver’s vehicle and pay for medical expenses. Of course, you must only pay if you are at fault for the incident. Otherwise, the insurance company will likely argue the situation and you can hire an attorney to defend yourself in court.

Texas Car Insurance Requirements

If you purchase car insurance in Texas, you must be able to meet the state’s financial responsibility law. What does that mean? Well, you need to purchase a liability insurance minimum of $30,000 for each injured party, up to $60,000 per vehicular accident, plus $25,000 for property damage. This form of coverage is known as 30/60/25 coverage. It’s the standard.

Due to the rising prices of vehicles and the incredible cost of medical care, the minimum amount you receive from liability insurance may not be enough to cover all of the costs of an accident. If you are at fault, the other driver may sue you to collect the difference. Then, you’ll need an experienced car accident attorney on your side to handle the case. If you’d like to avoid a court case, consider purchasing more than the minimum liability limit to protect yourself and your finances.

But, know this, liability insurance does not cover the repairs or replacement of your vehicle or medical costs for your injuries. You’ll require other forms of insurance coverage – including personal injury, uninsured or underinsured motorists, medical payments, collision, or comprehensive – to pay for personal expenses stemming from an accident.

Automotive Insurance Coverage

In Texas, depending on the type of insurance coverage you receive, auto insurance will pay for car repairs and replacement, medical expenses, rental vehicles, court costs, and more. In order to fully understand your benefits, it’s important to read your insurance documents carefully. There is plenty of fine print in most insurance policies. However, even here in McKinney, there are exclusions you must be aware of when purchasing vehicle insurance. Some of the most common exclusions include:

  • Named Driver – Many policies will only cover household residents named on the policy.
  • Excluded Driver – Coverage is excluded for anyone named in an endorsement of the policy.
  • Racing – If your vehicle is used in a racing event, coverage is excluded.
  • Ride-Sharing – If you use your vehicle for ride-sharing services, such as Uber or Lift, some insurance company will exclude coverage. Many offer specific policies for such acts, though.
  • International – Most insurance policies exclude coverage for any losses or damages that occurred internationally.

If you are seeking comprehensive car insurance in McKinney, Texas, that covers all your bases, then consider Mauceri Bynum Insurance. We are proud to work with members of the community and will find you the perfect insurance policy to meet your needs. Contact us today or give us a call at 214-733-8400!

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