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. 

How much auto insurance do you need in Texas?

Texas may not be a “no-fault” state but that does not mean that drivers can enjoy the roads with no auto insurance. In fact, drivers in McKinney, TX and throughout the state are required to have, at a minimum, liability insurance that pays when they are involved in an accident in which they are at fault.

The agents at Parker Preferred Insurance can help find the auto insurance policy that best fits your lifestyle. Read on to learn about auto assurance limits in Texas.

How much auto insurance is required in Texas?

The state of Texas requires drivers to carry policies that offer a minimum of $30,000 for bodily injury and $25,000 for property damage. The punishment for driving without these liability limits includes everything from a citation to license suspension. You also open yourself up to lawsuits when you have an auto insurance policy that does not pay for all the damages that you cause in an accident.

How much auto insurance do you need in Texas?

It is possible to have an auto indemnity plan that satisfies the state minimum and still be on the hook for thousands in damages and bodily injury in McKinney, TX. You are not exempt from a lawsuit just because you fulfill the assurance requirements established by the government.

It is, therefore, always a good idea to consider full coverage when discussing auto insurance plans. A policy that offers total protection is one that pays for your vehicle when the driver who is at-fault lacks the means to do so. Uninsured motorist protection is separate coverage that you can attach to both a full coverage and liability plan.

Comprehensive and collision protection is also an option in the way of auto insurance. This coverage pays when your vehicle is stolen or catches fire. Liability insurance does not cover the vehicle outside of incidents that take place on the road. You, therefore, may be forced to pay for damages not related to a car accident out of your pocket.

Auto insurance can be a challenging world to navigate. Call the agents at Parker Preferred Insurance for further clarity and to get started with a quote!

Is There a Way to Keep Speeding Tickets From Impacting Auto Insurance?

If you have ever received a ticket before for speeding in McKinney, TX, then you likely already know how severe this type of violation can be on your insurance. And while many people pay their ticket and move on, it’s important that you know that you do have options when getting a speeding ticket removed from your driving record. If you don’t have it removed, there is a good chance that your auto insurance rate is going to go up. Here at the Parker Preferred Insurance, we want you to understand that you may have the option to go to traffic school to keep a ticket from showing up on your driving record.

In order to go to traffic school and keep a traffic violation from impacting your insurance, you must first go to court and see if you are eligible to have the ticket dismissed. If you can’t get it dismissed, then it’s up to the court to decide if you are approved or not to take a driving safety course. If you are, you may be able to complete the course online. 

It is important for you to understand that there are several factors that could possibly make you ineligible to go to traffic school and keep the ticket from showing up on your record. Such factors include:

  • Possessing a Texas commercial driver’s license
  • You have already had a ticket dismissed within the last 12 months
  • You won’t plead "no contest"
  • You plead "not guilty"
  • Your speeding ticket is for going 25 miles an hour over the speeding limit

If you would like to learn more about the benefits of going to traffic school, contact Parker Preferred Insurance serving the McKinney, TX area.