When shopping for auto insurance in Texas, drivers can choose between full coverage and liability-only policies. This choice can affect both your financial protection and monthly premium costs. Understanding the fundamental differences between these two auto insurance options helps you make an informed decision that aligns with your specific needs and budget.

What is Liability-Only Auto Insurance?

Liability-only auto insurance is the minimum coverage required by Texas law. This basic auto insurance policy covers damages you cause to other people's property and medical expenses for injuries you inflict on others in an accident. In Texas, drivers must carry at least $30,000 in bodily injury coverage per person, $60,000 per accident, and $25,000 in property damage coverage.

However, liability-only auto insurance provides no coverage for your own vehicle repairs, medical expenses, or replacement costs if your car is stolen or damaged. This means you'll pay out-of-pocket for any damage to your own vehicle, regardless of who caused the accident.

Understanding Full Coverage Auto Insurance

Full coverage auto insurance combines liability coverage with comprehensive and collision insurance. This auto insurance protection covers damage to your vehicle from accidents, theft, vandalism, weather events, and other covered perils. Collision coverage pays for vehicle repairs after an accident, while comprehensive coverage handles non-collision damages like hail, fire, or theft.

Full coverage auto insurance policies often include additional protections such as uninsured motorist coverage, medical payments coverage, and personal injury protection. These additional coverages provide comprehensive financial protection for both your vehicle and your family's medical expenses.

Key Differences in Cost and Coverage

The primary difference between these auto insurance options lies in the scope of protection and cost. Liability-only policies offer significantly lower monthly premiums but leave you financially vulnerable if your vehicle is damaged or stolen. Full coverage auto insurance costs more monthly but provides comprehensive protection against various risks.

Consider your vehicle's value, your financial situation, and your risk tolerance when choosing between these auto insurance options. Drivers with newer or financed vehicles typically benefit from full coverage, while those with older, low-value cars might find liability-only coverage sufficient.

Contact Vickers Insurance for Auto Insurance Solutions

At Vickers Insurance, we understand that choosing the right auto insurance coverage can be complex. Our certified representatives work with drivers throughout Odessa, Midland, and the surrounding Texas areas to find the right auto insurance policy for their individual needs and budget. Whether you need basic liability coverage or comprehensive full coverage protection, we offer same-day auto insurance options to get you protected quickly. Contact our office today to discuss your auto insurance needs!