Consumers should take the time to review their auto insurance to make sure they don’t have gaps in regards to coverages and limits of coverages. Many people make the decision to purchase auto insurance based on cost and remaining legal in their state.

Liability Limits- damage that you cause to someone else, body or property

The state of Texas requires that drivers carry minimum limits of –

$25,000 per person/ $50,000 per occurrence for bodily injury

$25,000 per occurrence for property damage

A stay in the hospital can range from $850 per day and up based on the severity.

National Automobile Dealers Association report that the average price of a new car in 2010 is $28,400.

Uninsured/Underinsured Coverage – protects you, people in your car or your property that is damaged by an uninsured or underinsured drive

The state of Texas requires the same minimum limits as liability or signed rejection of the coverage.

TexasSure estimates that 20% of the vehicles in Texas are uninsured. These drivers cost the rest of us over $1 billion each year in additional insurance cost. TexasSure was begun by TxDMV in 2008 to help curtail this practice. This is a verification system that allows law enforcement officials to confirm insurance coverage.

Personal Injury Protection –pays medical, funeral, lost income and some other expenses for injuries sustained in an auto accident.

The state of Texas requires minimum limit of $2500 per person or signed rejection of the coverage.

Full Coverage- refers to Comprehensive and Collision coverage. Collision covers your vehicle for damages sustained in an accident. Comprehensive refers to all of the other ways your vehicle can be damaged such as vandalism or theft. This coverage typically includes a deductible amount ranging from 0 to $1500

This coverage isn’t required by the state, but is required by a lien holder or financing company.

Rental Reimbursement- provides replacement vehicle while your vehicle for repairs that are covered by your auto policy

Towing/Roadside Assistance-provides towing service and roadside assistance for accident and non-accident occurrences such as dead batteries, lockouts, out of gas etc. The extent of coverage varies by carrier.