Everyone pretty much understands that shopping for Texas car insurance is quite a big task. After paying for your automobile, putting fuel in your automobile, and paying to maintain your automobile, purchasing Texas car insurance is one of the most expensive parts of owning your automobile. Some people have wondered if purchasing coverage is worth the price. A simple review of traffic statistics in Texas shows why having Texas car insurance is so important.
Accident Trends in Texas
Every year, the Texas Department of Transportation compiles a list that details all of the traffic information for the state. Included in this information is all of the accidents that took place on Texas highways and on Texas roads. According to the report that was created for the 2013 calendar year, there was one automobile accident that took place every 71 seconds. From those accidents, one individual was injured approximately every two minutes and 16 seconds. Every two hours and 36 minutes automobile accidents resulted in fatalities. These statistics alone underscore the benefit of having Texas car insurance.
But you may think to yourself, I do not drive in the city, I avoid the highways, I’m a safe driver, and so maybe I don’t need coverage. However, something that is surprising to most drivers is the fact that in 2013, more than half of traffic fatalities took place, not in the cities, not on the highways, but instead in rural areas of the state. This means that individuals driving on small roads and in areas that a person would think would be less likely to have automobile accidents are actually at greater risk than people who are driving in the city.
Motorcycle owners also need to be concerned about purchasing coverage. The statistics show that during the 2013 calendar year, there were almost 500 fatal accidents that involved motorcycles.
Some argue, but I’m a safe driver, so why do I need to purchase Texas car insurance? Well, even if you are a safe driver, this does not mean that those around you will drive safely. The statistics clearly show that during 2013, thousands of crashes on Texas roads were caused by drivers who were driving while under the influence of drugs or alcohol. Along with drivers who are driving distracted. This includes many teenagers who were driving while texting on their phone, talking on their phone, or playing with their radio. Purchasing the coverage you need provides protection for safe drivers who need to drive on the same road with others who are not so safe.
Is Purchasing Insurance Cost-Effective?
There are many people who make the argument that purchasing TX car insurance is a scam. They say that they pay every single month for something that they never use. What people who present this argument fail to understand is that if they are fortunate, auto insurance in Texas is something that they will never need to use. However, if they find themselves in the unfortunate situation of being in an accident, the benefits that come from having coverage in Texas is tremendous.
The National Highway Transportation Safety Administration provides annual statistics on the cost of auto crashes. In addition to the emotional toll that an automobile accident takes on an individual, there is also the financial cost of an accident. According to the NHTSA, from the years 2007 to 2012, expenses that include medical care, lost wages, and out-of-pocket expenditures that came as the result of an automobile accident increased by 8 percent. On average, an automobile accident in 2013 resulted in a liability claim for $3,231. Bodily injury was in excess of $15,000.
The statistics shed light on the benefits of considering using auto insurance in Texas. While it is true that a person may go years without needing to use insurance, just one automobile accident can lead to expenditures that far outweigh the amount of money they are paying out in insurance premiums.
However, some argue that if they simply save the money that they would pay to their insurance company every single month, when an accident arises, they would have the money that they need to cover the expense. And while in a perfect world that would be true, most people lack the willpower to set aside money every single month for a what if scenario. Additionally, a person would have to save money for years and not have an automobile accident during that time, in order to save enough to cover damages and personal injury that arise from an accident.
The Benefits of Car Insurance TX
One of the first things to remember about Texas is that it is an “at fault state”. This means that according to Texas law, the driver who is at fault is the one who pays for the accident. Additionally, Texas requires drivers to have minimal automobile insurance. So the first benefit that a person gets by purchasing auto insurance in Texas is that they are able to drive in harmony with the law. If a person is pulled over without automobile insurance, they may face fines. Along with losing their license, and in some cases they may even face jail time.
The primary benefit of having coverage is that it provides you as a driver with an economic safety net. In our society, many people are living paycheck to paycheck. They do not have a back pile of cash set aside just in case there is an emergency. As mentioned in the previous section, automobile accidents are expensive. They can easily cost into the tens of thousands of dollars. Even minor accidents that do not result in injury can run into thousands of dollars. For this reason, many individuals have decided that it is better to pay the monthly insurance fee. As opposed to finding themselves in an accident and losing everything they have.
A second benefit of having Texas car insurance is that it provides you with a legal professional. They can examine the circumstances surrounding your accident, determine who is at fault, and come up with a fair and equitable resolution to the claim. This is something that does not happen without third-party intervention.
Which Insurance Company Should You Choose?
The television, radio, newspapers, and the Internet are full of advertisements encouraging people to purchase from one insurance company or another. In order to make the best choice, you will need to examine your situation carefully. It is a good idea to sit down and talk with an insurance agent. Let them present you with the different auto insurance in Texas options that they have available.
While it may be tempting to go with the lowest priced option, if you do this, you may find that you get what you pay for. The only thing that is worse than having no insurance is not having enough coverage. In the search for automobile insurance, it is vital that you do your research. Try to clearly understand what each insurance company offers. Along with what they will require from you in the way of deductibles and other considerations.
In the state of Texas, having car insurance is the law. It is not an option. Automobile insurance provides a financial safety net, it provides peace of mind, and it provides you with a third-party to help you review your accident and to make sure that damages are covered in an equitable way.