Texas auto insurance minimums increasing

By: Mystic Matthews Email
By: Mystic Matthews Email

GRAYSON COUNTY, TX - All Texas drivers will soon be required to carry a higher amount of liability insurance because the state of Texas is now saying the minimum is not enough. Mystic Matthews explains how much this could cost you.

The change takes place April 1st, but before anyone calls their insurance agent, some are saying this may be a good thing.

State Farm Agent Dave Gilliland says most drivers today don't carry enough liability insurance. Texas currently requires drivers to have $20,000 worth of coverage for each person injured in a crash; up to $40,000 per crash; and $15,000 for property damage.

In the insurance industry, that coverage is known as 20-40-15. Now the state wants to increase each of those coverage amounts to 25-50-25.

Texas insurance officials say drivers won't notice the change until it's time to renew their policy.

Gilliland says this move is designed to keep Texas at pace with other states. "$15,000 won't pay for a lot of vehicles on the road now. And that exposes a lot of people to excess liability that they are not covered for. It’s a protective measure and its a good move."

Even if your policy is considered full coverage, all drivers still have liability insurance. The increase only affects that liability portion of your coverage. The increase may only cost you a few dollars more a month, depending on what type of coverage you already have and your driving record.

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