What Happens When Minimum Auto Insurance Isn’t Enough?

Let’s face facts: nobody likes having to pay for auto insurance.

As a result, so many people opt for the bare minimum coverage. But this can prove to be a serious, not to mention extremely costly mistake. At Parker Preferred Insurance, we’re here to help you get the insurance that fits your needs. In the meantime, keep reading to learn more about what can happen when your minimum auto insurance isn’t enough. 

If you’re a driver in McKinney, TX, you already know that our state roads are full of drivers both from Texas and visiting from other states. While Texas requires all drivers to meet certain minimums in personal injury and property damage, other states require even less. If you’re caught in an accident with an underinsured driver, you could end up footing the bill for damage to your car that you did not cause. If you cannot pay, then you may have to go without a vehicle for a while. 

The problems could be even more severe if you were deemed at fault in the accident. Not only will your bare minimum auto insurance policy not cover damage caused to your vehicle, but it might not even cover all of the damage to the other vehicle. Nevertheless, you will still be held responsible for the cost, and you could face further legal consequences by your inability to pay. In some cases, having this on your record can affect your ability to lease or rent a car in the future.  

Ready to move up from bare minimum auto insurance? Contact the pros at Parker Preferred Insurance today or come stop by our McKinney, TX offices. We’re ready to help you find an auto insurance policy that works for you and keep you covered in an accident.