Car insurance offers financial protection in the event of an accident. However, not all types are the same. Some only cover the others harmed when you’re responsible for an accident, while others extend coverage to you and your vehicle. This guide will help you make the best decision when shopping for a policy. 

Personal Liability Insurance

Most states, including Texas, require mandatory minimum liability coverage when purchasing car insurance. This coverage is activated when you are deemed responsible for an accident. It pays for bodily harm befalling other drivers, as well as damage to their vehicles. There are limits on coverage and, if the cost for damage goes above that limit, you’ll be responsible for covering the rest. 

In Texas, all drivers must carry at least $30,000 in liability coverage for bodily injury per person and $60,000 per accident. Drivers must also have at least $25,000 worth of protection to cover any property damage that occurs. Keep in mind that many accidents incur much higher costs, especially when multiple vehicles are involved. 

Full Coverage Insurance

While liability coverage is mandatory in the state, it doesn’t extend to you or your vehicle. That’s why it’s recommended you opt for full coverage instead. There are a few different components of full coverage insurance, each of which offers different protections. Comprehensive coverage protects you against non-collision vehicle damage. For example, if your car is damaged by a storm or fire, it would apply.

Collision coverage pays for damage to your vehicle if you’re the cause of the accident. This differs from basic liability coverage, which can only be used for other people’s vehicles. You can also purchase medical coverage, which provides funding for any injuries you incur when an accident was your fault. 

Kirk Insurance Agency in Spearman, TX, will gladly answer your questions about car insurance to ensure you choose the best possible coverage for your needs. As a family-owned and operated agency, they pride themselves on offering competitively-priced insurance products to guard your finances against future accidents. Call (806) 659-2794 today to schedule a consultation or visit the website for the complete listing of their services.