Texas has one of the highest minimum amounts of insurance required of all the states. In addition, the minimum amount is set to increase in 2011. If you are purchasing your policy from a Texas agency, this should not be a problem as your minimum will automatically be increased at the renewal time.
Texas is one of several states that have become very serious about penalties for driving without insurance. If you allow your car insurance to lapse, state law requires that your insurance company notify the state. You will receive a letter and then be required to send proof that you had other insurance at the time of the lapse or you license or registration can be canceled.
Driving without insurance can cost you much more than an administrative fee. If you have an accident when driving without insurance, you can be held responsible for the damages to the other person's vehicle. You can also be held liable for medical expenses and lost wages as well as pain and suffering. You can be deeply in debt in just an instant. This debt could cost you your home or business.
The money you pay to auto insurance companies in Texas is a small price compared to what an accident could cost you. If you do not have insurance, now is the time to purchase at least a liability policy. While you would be responsible to repair your own vehicle, at least you would meet the state law and prevent your own financial ruin caused by an accident.
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