Why basic auto insurance isn’t always the right choice

Basic auto insurance is the least amount of liability coverage that you are required to have in order to be covered in the state of Texas. Making sure that our customers are in compliance with the laws as well as having the amount of auto insurance they require is part of our responsibility as independent insurance agents. At Ledford Agency LLC in Midland, TX, we take our responsibility seriously. 

Auto Insurance: More Than The Basics

Basic liability insurance coverage in Texas is 30/60/25. That means $30,000 for injuries to the first person injured, with a total of $60,000 for all injuries. The $25,000 is for damage to property. These are pretty generous figures, but in a serious accident, they might be woefully inadequate. If you have a lot of assets to lose, you may want to reconsider whether basic coverage provides enough protection.

If you have an auto lease or loan on your vehicle, you will be required to carry additional coverage.  You will also have to have comprehensive and collision insurance to protect your vehicle. 

When you are thinking about the amount of coverage you actually need, it is important to assess the importance of your vehicle in your life. Would you be able to get to work without it? How often do you actually use it and do you have an alternative form of transportation? Would you be able to easily pay for the repair or the replacement of that vehicle? If you answered no to these questions, then making sure you have full coverage on your vehicle probably makes good sense. It will pay to replace or repair your car or truck. 

Reach Out To Us

When you are ready to talk about your auto insurance coverage, the team at Ledford Agency LLC in Midland, TX is here to provide the guidance you need.