Did you know that in Texas, car insurance is required by law! Drivers in a car accident are responsible for the payments caused by a car accident. There are approximately 8 types of car insurance coverages you can choose to purchase in Frisco, Texas. But, we know that buying car insurance in Frisco can be all too confusing, so in this article, we’re going to discuss the three most important types of car insurance to consider when living in Frisco.
What does Liability Insurance Cover on a Car?
Under Texan law, drivers are required to have liability coverage for at-fault accidents. Liability coverage is a type of can insurance policy that would payout for bodily injury and property damage to the injured person. So, for example, if you were to cause a car accident that resulted in injury to a person, then your liability coverage would step in to cover the costs of medical bills and car repairs for that person.
When purchasing liability insurance in Texas, drivers are required to follow the basic 30/60/25 coverage policy, which is as follows:
- Purchase a minimum of $30,000 for each person injured
- A minimum of $60,000 for each accident, and
- A minimum of $25,000 for property damage.
It’s important to remember that liability coverage does not cover the costs needed to repair or replace your car after an accident. So, what type of insurance policy will cover the repair or replacement of your vehicle?
Collision Coverage Car Insurance in Frisco, Texas
If your vehicle sustains damage from a collision (car accident), then your collision coverage will step in to pay for the repair or replacement of your car. Collision coverage is a type of car insurance that will pay for the repair or replacement of your vehicle if your vehicle has been damaged as a result of:
- A car accident (Collison with another car)
- A stationary object (Collison with a fence or fire hydrant etc.)
- Rollover car accidents.
If your car is on a lease, then purchasing comprehensive and collision coverage becomes a mandatory requirement.
Is Comprehensive Coverage Required in Texas?
As mentioned above, if you’re leasing or financing your car, then your lender will require you to have both collision and comprehensive coverage.
So, how does comprehensive coverage differ from collision?
Comprehensive coverage is a type of insurance policy that covers non-collision-based damage sustained to a vehicle. These can often include damage caused by theft, vandalism, natural disasters, or even falling objects.
So when can comprehensive coverage come in handy? Well, as we all know too well, the weather in Frisco can get quite rough! Hail storms, fallen trees, and rain can all damage a car. Both trees and hail can do some serious damage to the panels and windows of a car. And, this damage can cost anywhere from $600 to $1200 to fix. Fortunately, comprehensive coverage can step in cases such as these, saving you from paying some expensive bills.
Roger Welch Agency: Helping you Buy the Right Type of Auto Insurance
Many different auto insurance companies are offering all kinds of other policies to drivers. We completely understand that shopping for the correct type of car insurance policy can be a daunting task. And, depending on your lifestyle, you may require additional coverage options like personal injury protection (PIP) coverage or medical payments coverage. Fortunately, our team at Roger Welch Agency is here to help you pick the right type of auto insurance in Frisco. Simply reach out to us for a free quote or a question to learn more about the different types of auto insurance policies available to you.