Do you need to get insurance for your car? Then learn about Car Insurance in Austin TX so you will know which types of coverage you need. According to Texas law, an individual who drives must have at least a basic coverage called 30/60/25 coverage. This coverage includes the basic minimum coverage limit of $30,000 for each injured person. This coverage will not exceed $60,000 per accident. It also includes $25,000 for property damage for each accident. Any type of insurance you get will have to need to have these minimal limits.
Liability insurance is insurance protecting an insured against the risks of lawsuits and similar claims resulting from an accident. It covers you and your family. People driving your car with your permission are also covered. It covers people in the car you or someone covered under your policy were in an accident with. It covers car repair, car replacement, medical costs, funeral, costs, lost wages, punitive damages, and related costs associated with a wreck.
Collision coverage pays for damages to your car. If you finance your car, your lender will require you to have collision to protect his interest in your car. It will cover your car if you hit another car or object. If there is a rollover, you will be covered by collision insurance. You will have to pay a deductible before your insurance pays on any claims. You will receive the cash value of your car if your car is totaled out. If your car is damaged, it will cover the cost of restoring it to its previous condition or as close to it as possible.
Comprehensive coverage is insurance on your car that pays claims not included in collision coverage. Simply put, this insurance pays for damage to your car caused by situations other than a collision. It includes fire, wind, hail, flood, vandalism, theft, and hitting an animal. Auto lenders also require this insurance when you finance a car.
The above-mentioned types of insurance are only the basic types of coverage. Others include uninsured vehicle motor coverage and personal injury protection. Educating yourself on these types of coverage will enable you to get the ones most suitable for your needs and budget. For more information on Car Insurance in Austin TX, contact an insurance representative like Patrick Court with State Farm.
