Teen and High Risk Drivers’ Auto Insurance Texas TX
Reader’s Question:
I just got my license and my auto insurance coverage last month here in Texas. I know that my auto insurance premium is higher because of my limited driving experience, but what would make me a high risk driver?
Albert
Forth Worth, TX
Well, since you said that you just got your license and that you mentioned your limited driving experience, it is safe to assume that you’re a teenager. Teenagers do get higher premium rates because of their perceived (and proven) recklessness when on the road. Teenage drivers, due to their limited driving skills, tend to make faulty decisions when driving.
Your question: what would make you a high risk driver? Well, it won’t really be hard, considering that you’re a teenager with a car. First factor would be your driving record. We all know that. If you were in an accident and you were at fault, then your auto insurance premium will increase and you just might join the rank of high risk drivers. Even a seemingly harmless traffic offense like speeding can get you listed there, too. Even accidents that you figured wherein you’re not at fault can get you on the list. For every road violation that you do, your chance at being in an accident increases. Even if the accident was not your fault, you, somehow, got into that situation. If the offense keeps showing up every now and then, multiple speeding, then you will get to the high risk drivers list.
Your age will figure in there, too. It’s just is. I already mentioned why. Teenagers are riskier for auto insurance companies to cover because they can be reckless at times.
And though you don’t qualify for this yet since you just got your license and insurance, I’d like to mention continuous coverage. Auto insurance companies do not like it if they found out that there was a time in your driving history record that you were driving around Texas without auto insurance coverage. Very irresponsible and, therefore, very high risk.
Tags: driving without insurance, teen, teen insurance
Vehicle Insurance Laws Fort Worth, Texas TX
Reader’s Question:
What are the vehicle insurance laws here in Fort Worth, Texas?
Bill
Fort Worth, TX
Basically, those who drive in Fort Worth, Texas are given the responsibility of paying for any vehicle, person/s or property, which have been damaged during an accident where that person is involved and is found at fault. This law is stated in the Texas Transportation Code under Section 601 titled “Motor Vehicle Responsibility Act.” In this section, it is stated that a driver should comply with the financial responsibilities required by the law in order to be able to drive. These responsibilities include an insurance policy for a motor vehicle, a security bond recorded under Section 601.121, a security bond under Sections 601.122 and 601.123, and a personal insurance to comply with Section 601.124.
Any one of these financial requirements must be settled by any driver driving in the state. Typically, drivers choose to secure insurance policies over the other financial settlements. However, TX law requires that if a driver opts to get insurance, the policy should have a minimum coverage of $25,000 for body injury, $50,000 for vehicular damage, and $25,000 for property damage. A person found to be violating any of the financial responsibilities stated by the law may face some serious penalties. On the first conviction, a person may be asked to settle a fine between $175 and $350. Any succeeding convictions may result to fines from $350 to $1,000, driver’s license suspension, or vehicle impoundment.
Tags: auto insurance, car insurance law