Texas Auto Insurance Rates Drop
Posted on November 14th, 2010
Auto insurance premiums for high risk drivers through the Texas Automobile Insurance Plan Association (TIAPA) will drop by about 7.6% starting January 1, 2011. This is according to the article “Rates for High Risk Drivers in Texas Falling; Coverage Minimums to Rise” posted on InsuranceJournal.com.
Texas Insurance Commissioner, Mike Geeslin, has ordered overall auto insurance rates to drop for TIAPA personal auto insurance policies in the state. In addition to this, the minimum amounts of motor vehicle liability insurance required by law to establish financial responsibility in Texas will increase starting January 1st.
This is important news for Texas auto insurance carriers as they shop around for coverage. Knowing what coverage is required is important to ensure protection is adequate in case of an accident. According to OnlineAutoInsurance.com, TIAPA saw a 2.2% increase from 2009 to 2010 in auto insurance rates and with many consumers struggling financially, Texans want to see this trend stop.
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Tags: Auto Insurance, Drop, Texas Auto
Filed under Car Insurance News |