Texas Insurance Resource
Texas Auto & Home Insurance
If you are searching for the absolute cheapest auto and homeowners insurance in Texas, you’ve come to the right place. We continuously research the ins and outs of how to get the right insurance coverage at a cheap price for those shopping for coverage in the state of Texas.
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Before we begin searching for cheap insurance rates we must first understand how much insurance coverage is required and how much you need. For Texas auto insurance, this will depend on the type of car you drive and how much you risk losing in the event you are the negligent or at-fault driver in the auto accident. So let’s start by first understanding liability auto insurance and how much is required in the state of Texas.
The minimum liability insurance coverage amount required by Texas law is $30,000 for each injured person and up to $60,000 paid out for bodily injury per accident, and $25,000 for (PD) property damage. One thing to consider when selecting liability limits is how far these limits will cover you in the event of a major collision. If passengers in the other vehicle you hit get seriously injured and need multiple surgeries, $30,000 isn’t going to go too far. The victim may then have a lawyer check into your personal assets to see if there is anything they can sue for in order to pay for the hospitalization. The more you have to lose, the more you need to protect. Let’s face it, who really wants to get sued for the value of their second home when you can simply increase liability limits for an additional $10 a month? Read the rest here.
If you are currently making payments on your car you’ll need to also buy comprehensive and collision coverage. Financial institutions lending the money on your car may also place a cap on the deductible amount you select. The deductible is what you must pay before the insurance company satisfies a claim. The higher deductible you choose, the lower your rate will be as your eliminating their risk of smaller claims as you raise your deductible. Some financial institutions require the deductible be equal to or less than $500. Check with your lien holder before getting a quote. If you’re driving an older inexpensive car and it’s fully paid off, you may want to consider dropping collision and comprehensive coverage. Liability only auto insurance policies start as low as $30-$40 a month.
Buying your homeowners or renters insurance policy from your auto insurance carrier can also help you reduce your insurance payments. You want to be sure the discounted rate makes sense before combining coverage with the same company. You can compare homeowner’s insurance quotes first and then decide what solution saves you the most money.
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Health Insurance in Texas
The Texas Children’s Health Insurance Program (CHIP) provides health coverage for low-income families. The Texas Children’s Health Insurance Program (CHIP) provides health care to Children within the state of Texas whose families meet the income requirements. You can learn more here