Four Common Types of Auto Insurance Found in Texas
In Texas, all drivers must carry sufficient auto insurance. The reason auto insurance is so important is because if an accident occurs, it protects you and other drivers by paying for damages to vehicles and/or persons. However, there are many different types of auto insurance, and knowing what type of coverage to purchase is not always easy.
In Texas, drivers are required to have a minimum auto insurance coverage of at least $30,000 per injured person, with at least $60,000 per accident. They must also carry a minimum of $25,000 for property damage coverage. However, while all drivers need the minimum insurance coverage, this is not always sufficient for everybody.
One of the best ways to determine which type of coverage is best for you is to understand some of the different types of auto insurance that are available.
Listed below are some of the most common types of auto insurance in Texas:
- Uninsured/ under insured motorist coverage. Although auto insurance is required by law, Texas is known for having a high percentage of drivers on the road without insurance. Carrying uninsured and under insured motorist insurance protects you against uninsured and under insured drivers and covers medical expenses for you and your passengers if you are injured in an accident. It also covers hit-and-run accidents. In order to opt-out of UM/UIM coverage, you will have to reject it in writing.
- Personal injury protection (PIP). This is an extension of car insurance that covers some medical expenses for the driver and passenger(s), as well as lost wages and other damages. All insurance companies offer PIP, and if you decide to reject this coverage, it must also be done in writing.
- GAP insurance. This type of insurance is for people who are leasing or financing a new automobile and who owe more on the car, then the vehicle is worth. The idea behind GAP insurance is that if your car is totaled before you finish paying the car off, then it will be covered by GAP insurance.
- Medical payment coverage. This additional insurance covers medical costs if you or a passenger is injured. It can also cover family members if they are injured riding in another vehicle or hit by a car while walking as a pedestrian. It does not matter who is at fault.
Contact an experienced Texas personal injury lawyer
If you or a loved one has been injured in an automobile accident, it is important to have a knowledgeable Houston personal injury attorney on your side.
At DeHoyos Law, we have years of experience helping accident victims receive the fair compensation they deserve. For a free consultation, give us a call today at (832) 745-4878 or contact us online.