In the state of Texas, car accidents remain on your record for 5 years. Texas law says that you must show that you can pay for the accidents you cause. Most people do this by purchasing liability insurance for cars. Liability insurance pays for the other driver's repairs and medical bills.
If you still owe money for your car, your lender will require that you have collision coverage and comprehensive coverage to pay for damage to your car. When the accident is a minor accident, or the injuries are minor and few, the victim involved in the car accident does not necessarily need the help of a lawyer who specializes in car accidents. A car accident can be traumatic, and having to pay higher insurance rates afterwards makes things worse. Insurance companies typically apply surcharges for three years, but you can ask your agent or insurance company to find out for sure.
It's an official document from the insurance company that says you're insured with minimal car insurance coverage. Whether you've had an accident or not, make sure you understand what's expected of you when it comes to insuring your car in Texas. As the number of cars in Texas increases every day, so do the dangers of having a car accident in Texas. An accident typically affects your car insurance rates for three to five years, depending on your insurance company and state regulations, as well as the nature and severity of the accident.
Because of state laws and the requirements of insurance companies to report accidents, most end up on your driving record in one way or another, but they don't always affect your insurance rates. If you're deciding between filing a claim with your insurance company or paying for damages yourself, it's usually best to contact your insurance company as soon as possible. If your policy includes “rental reimbursement coverage,” this will cover the rental of a vehicle if it was stolen or repaired because of an accident covered by the policy. Surcharges typically stay on your insurance bill for three years, but there are steps you can take to lower your car insurance rates after an accident.
Driving history is a central factor that nearly all auto insurance companies consider when determining their auto insurance payment. Here's what you should know about how long an accident will affect your car insurance rates and what you can do to save money.