In getting your coverage, you need to see to it that you have complied with your state regulations. You see, different states have different insurance laws. The minimum requirement for Texas State used to be the 25/50/25 coverage policy. These numbers represent the minimum limits for bodily injury liability for one person in an accident which translates to $25,000, the bodily injury liability for all injuries in one accident amounting to $50,000 and the property damage liability in one accident of $25,000, respectively. This coverage policy took effect in April 1, 2008. However, higher rates took effect on January 11, 2011. And, the newer rate contains a 30/60/25 coverage policy.
Aside from being obligatory by law, getting an Austin auto insurance is important because it protects you from being held personally liable in case of an accident. You should know that whenever you get entangled in an accident and you caused injury to someone, you become responsible for paying for all the medical bills of that injured individual. If you have accidentally bumped into a number of people, you can just imagine the hefty costs which you have to pay off. Your insurance can help you with all these major medical payments.
Lastly, acquiring Austin auto insurance is important because cars are essentially expensive investments. In fact, your car may be probably the next highest acquisition you make after your home. Brand-new vehicles are often purchased at a higher price so naturally you would want to protect this prized possession. Your car when you get it into the road is always subject to high risks of accidents. Even if you, as an owner, exercise caution while you are driving, you can never be sure because there are other drivers who can be quite careless. If you get hit and it was the other driver’s fault, your insurance can help you get your car repaired. Car repairs, as you may be well-aware of, are extremely costly. With your insurance’s help, you can lessen the financial obligations that you need to face.