What is the minimum amount of auto insurance that is required for the Fort Worth area?
The only insurance that you are required by law to have is liability insurance. Liability insurance does not pay for damages or injuries that have been incurred by you, but damages that have been incurred by others, and for which you are liable for.
If you reside in Fort Worth you have to have the following amount of liability coverage: $25,000 in bodily injury coverage for a single person in one accident, $50,000 in bodily injury coverage for everyone in an accident, and $25,000 worth of property damage liability protection.
Is it all right to just get the minimum amount of liability insurance (25/50/25)? The short answer is no. Because liability expenses can pile up really fast, you’re better off paying more on your car insurance premium and not have to worry about being sued if you’re liability coverage comes up short.
Liability is not that only type of insurance that you should consider, as there are many other options that you may need. These options include comprehensive coverage, collision coverage, Guaranteed Auto Protection (GAP), uninsured/underinsured, and PIP.
Collision coverage pays for damages to your automobile, regardless of who is at fault. Comprehensive pays for damages from things such as vandalism. GAP coverage pays the difference between what your insurer will give you and how much you still owe in financing if your automobile is stolen or totaled. Personal Injury Protection is like a health insurance and uninsured/underinsured protects you from motorists with not enough liability coverage.
Before you start getting auto insurance quotations, its a good idea to check out the official site of The Texas Department of Insurance. Once there, you’ll see a case study, which shows sample car insurance rates from each of the three counties in Fort Worth: Parker, Tarrent, and Denton. The point of these sample quotations is to encourage you to look at multiple car insurance companies before purchasing.
One way to save time on shopping around is by going to an independent agent because he or she will be able to get quotations from as many as hundreds of car insurance businesses.
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