Auto insurance is a unique expense because you must carry this coverage if you plan to operate a vehicle. Since this is a legal requirement, making smart insurance choices is important. At Gilchrist Insurance Group, serving Hudson Oaks, TX, we are here to help you with these choices. Keep reading to learn more about auto insurance in Texas.
In Texas, you're required to carry minimum auto coverage to legally operate a vehicle on the road. This includes what many people refer to as liability coverage.
When it comes to auto coverage, you have two options. You have liability-only coverage or comprehensive. Liability-only coverage will pay for any expenses incurred during an accident that is your fault and owed to the other party involved. This can include vehicle damage and medical expenses. Damage to your vehicle or medical expenses for yourself aren't included. Comprehensive coverage, however, will also pay for your damage or medical.
The type of coverage you need depends on several factors. If you have a loan on your vehicle, the financial institution will require that you have comprehensive coverage. Even if you don't have a loan on your car, comprehensive coverage is the smart choice as it will help pay for any expenses that occur. Some people choose liability only for budgeting purposes, though, since it is less expensive.
You could face negative consequences if you fail to keep auto insurance coverage. The most serious consequence would be legal consequences. Driving without insurance is illegal. You could face fines or license suspension. You can also face financial consequences if you're in an accident.
If you'd like to learn more about auto insurance or any of our other insurance products, please get in touch with us at Gilchrist Insurance Group, serving Hudson Oaks, TX, and the surrounding areas.
Choose Gilchrist Insurance Group for personalized insurance solutions tailored to your needs, backed by years of local expertise and a commitment to exceptional client service. Our dedicated team is here to provide peace of mind and protect what matters most.
