Texas requires all vehicles to be insured. An estimated 20 percent of drivers choose to break the law and drive without insurance. You do not want to be in this category. Violators face stiff penalties and cause the cost of insurance to go up for everyone. If you own a vehicle, be sure that you carry the proper auto insurance in Longview, TX.
The laws governing insurance coverage are known as “financial responsibility” laws. Maintaining financial responsibility means that you agree to pay for damages or injuries you cause while driving. Since most people cannot afford to do this, insurance is available to bridge the gap. The monthly payments, or premiums, you pay are better than owing thousands of dollars to replace someone else’s property or pay for their health care expenses. Paying premiums is also better than making payments on a totaled car while you buy another one to drive.
If you own your car, you can opt for liability coverage only for your auto insurance in Longview, TX. The law sets minimum amounts that you must carry. You will be responsible for replacing or repairing your own car if the accident was your fault.
Your finance company will require you to carry collision and comprehensive coverage if you are making payments on your car. These types of insurance will pay to repair or replace your car if it is damaged in an accident or in some other way such as a hail storm. Carrying this type of insurance can be a good safety net.
Driving a vehicle is a huge responsibility. Accidents happen every day and the costs involved are huge. Auto Insurance in Longview, TX, is available from an insurance agency like Fullman & Lawrence. They also offer life insurance and home insurance to help protect you from loss and prepare for the future.
