Many Texas drivers carry the state minimum auto liability limits and assume they’re adequately protected. Unfortunately, that’s often not the case.
Texas currently requires liability limits of 30/60/25, meaning up to $30,000 for injuries per person, $60,000 per accident, and $25,000 for property damage. In today’s world, those limits can be exhausted quickly. A single emergency room visit, surgery, or extended rehabilitation can easily exceed $30,000. Add attorney fees, lost wages, and vehicle replacement costs, and a serious accident could leave you responsible for expenses beyond your policy limits.
That’s where asset protection becomes important. If you’re found liable for damages that exceed your coverage, your savings, investments, future earnings, and other assets may be at risk.
As a general guideline:
- Young drivers with limited assets: Consider at least 100/300/100.
- Homeowners and growing families: Consider 250/500/100.
- Higher-net-worth households: Consider 500/500 plus a Personal Umbrella policy.
The right liability limits aren’t just about meeting Texas requirements—they’re about protecting your financial future. An insurance review can help ensure your coverage matches your lifestyle and risk exposure.
Serving drivers throughout Central Texas and the Texas Hill Country, Dowd Insurance Agency can help you find protection that fits your needs and budget.
