It's a good idea to increase coverage limits above the state-mandated minimums if you can afford it. If you're involved in a serious car accident, your insurance company will only cover you up to your policy amounts. You'll be responsible for paying medical bills or car repair costs that are more expensive than your car insurance limits. By the time they reach their 30s, most drivers will enjoy cheaper car insurance rates than they did in their teens and 20s.
Although it is generally less expensive than a full coverage plan, liability insurance does not protect against an accident or theft of the insured vehicle. While your credit rating doesn't reflect your ability to drive, insurance companies have found that drivers with bad credit are more likely to file a claim, making it more expensive to insure them. However, Texas also has several major cities with a lot of traffic, which increases the risk of car accidents and thefts, so drivers who live in these areas may have more expensive rates. Cars that are considered more expensive to repair, such as luxury cars and electric vehicles, can make their rates higher than those that may cost less to repair.
For some people, it's better to pay for car insurance on a monthly basis because it gives them more flexibility in their budget. If you're looking for the cheapest car insurance possible, you can buy a policy that only meets the state of Texas minimum requirements for liability insurance. The average car insurance rates in Texas increase by 10% for a driver with only one speeding ticket on their record. Farm Bureau has the cheapest car insurance quotes for teen drivers in Texas after a speeding ticket or accident.
Teenage drivers are more likely to have accidents than more experienced drivers, which is why insurance companies charge them higher insurance rates. Your insurer will analyze your car's accident statistics and consider what safety features are installed. However, there are many good insurers that offer policies in Texas, and you should be able to easily find one that offers you solid insurance coverage at a reasonable cost. The best way to get cheap auto insurance in Texas is to compare auto insurance prices and quotes from at least three insurance companies.