Legal Auto Insurance Requirements
In the state of Texas, it is a legal requirement for all teenaged drivers with a permit or a license to have at least the state minimum amount of auto insurance coverage in order to legally operate a motor vehicle. This includes a minimum in liability coverage of $30,000 per injured person per accident and $25,000 in property damage protection. These laws are in place to ensure that all motorists have at least a basic amount of insurance coverage in the event of an accident. So if you are a teenager looking to purchase a car for the first time, you will need to make sure that you have at least this much coverage and that you are prepare to show proof of this.
Teenagers and Auto Insurance
Of course, as a teenager, insurance can be expensive because you are considered to be a higher risk driver for the first several years that you have your license. As a result, insurance can be difficult to afford, especially if your parents or legal guardians will not be helping you make your payments. Still, there are plenty of ways to go about saving on your auto insurance. For starters, consider researching and taking advantage of discounts that are available to teenaged drivers. One that is common and that can save you a lot of money is the “good student” discount, which you may be eligible for based on your grade point average at school.
Affordable Auto Insurance for Teenagers
Furthermore, to lower your insurance costs, you may also want to consider setting a higher deductible, though this will increase your out-of-pocket expenses in the event of an accident. Shopping around for insurance rates at a number of different companies is also a great way to ensure that you end up with the lowest rates available to a person your age. From there, you can make sure that you are covered and that you can afford your insurance in the process.