Cheap Liability Insurance in Texas: Your Guide to Finding the Right Coverage

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As a resident of Texas, you are legally required to carry liability insurance coverage to protect yourself and others in the case of an accident. However, finding affordable liability insurance can be a challenge, especially if you’re not sure where to start.

In this article, we will explore the ins and outs of liability insurance in Texas, including what it covers, how much it costs, and how to find cheap liability insurance that meets your needs. Read on to learn more.

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What is Liability Insurance?

Liability insurance is a type of insurance coverage that protects you if you are sued for damages or injuries caused by your actions or by something that you own (such as a car). There are two main types of liability insurance: bodily injury liability and property damage liability.

Bodily Injury Liability

Bodily injury liability coverage helps pay for medical expenses, lost wages, and other damages if you are found to be at fault in an accident that results in someone else’s injury or death.

For example, if you rear-end someone on the highway and they suffer a broken arm, your bodily injury liability coverage would help pay for their medical expenses, lost wages, and any other damages they may have suffered.

Property Damage Liability

Property damage liability coverage helps pay for repairs or replacement of property that is damaged in an accident for which you are found to be at fault.

For example, if you accidentally back into someone’s fence while backing out of a driveway, your property damage liability coverage would help pay for repairs to the fence.

How Much Liability Insurance Do You Need in Texas?

The amount of liability insurance you need in Texas depends on several factors, including the value of your assets and your risk of being sued.

The minimum amount of liability insurance required in Texas is 30/60/25 coverage. This means you must have:

  • $30,000 in bodily injury liability coverage per person
  • $60,000 in bodily injury liability coverage per accident
  • $25,000 in property damage liability coverage per accident

While this is the minimum required coverage, it may not be enough to fully protect you in the event of a serious accident. Experts recommend that you have at least $100,000 in bodily injury liability coverage per person and $300,000 in bodily injury liability coverage per accident.

It’s also a good idea to consider purchasing an umbrella insurance policy, which provides additional liability coverage beyond what your primary insurance policy covers.

How Much Does Liability Insurance Cost in Texas?

The cost of liability insurance in Texas varies based on several factors, including your age, driving record, and the type of vehicle you drive. On average, Texans pay around $564 per year for liability insurance coverage.

However, it’s important to shop around and compare rates from multiple insurance companies to find the best deal. You may be able to save money by bundling your liability insurance with other types of insurance, such as auto or home insurance.

How to Find Cheap Liability Insurance in Texas

While liability insurance is a necessary expense, there are ways to find cheap liability insurance in Texas that fits within your budget. Here are some tips to help you save money:

  • Shop around: Get quotes from multiple insurance companies to compare rates and coverage options
  • Increase your deductible: A higher deductible can lower your monthly premiums
  • Take advantage of discounts: Many insurance companies offer discounts for good driving habits, multiple policies, and safety features on your vehicle
  • Improve your credit score: A higher credit score can lead to lower insurance rates

FAQ

What happens if I don’t have liability insurance in Texas?

If you are caught driving without liability insurance in Texas, you may face fines, license suspension, and even jail time. Additionally, if you are involved in an accident without insurance, you may be responsible for paying for damages and injuries out of pocket.

Can I get liability insurance if I have a bad driving record?

Yes, you can still get liability insurance even if you have a bad driving record. However, you may face higher premiums due to the increased risk you pose to the insurance company.

Do I need liability insurance if I don’t own a car?

If you don’t own a car but still drive, you may be required to carry non-owner liability insurance in Texas. This type of insurance provides liability coverage when you’re driving a vehicle that you don’t own.

What is an umbrella insurance policy?

An umbrella insurance policy is a type of insurance coverage that provides additional liability protection beyond what your primary insurance policy covers. It can be a good option for people who want added peace of mind that they are fully protected in the event of a serious accident or lawsuit.

Conclusion

As a Texas resident, carrying liability insurance is a legal requirement. However, that doesn’t mean you have to pay a fortune for coverage. By shopping around, increasing your deductible, and taking advantage of discounts, you can find cheap liability insurance that meets your needs and fits within your budget.

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