Liability insurance is the minimum amount of auto insurance you need to be able to drive in Texas. To learn more, visit www.dot.state.tx.us.
The minimum required for liability car insurance in Texas is $10,000. There is no recommended amount just the minimum. If you want more than the minimum your agent will be able to assist you with that.
Florida has a minimum of $10000 for bodily injury in the case of a person becoming injured in an accidents. I was not able to find an amount just for collision.
Car insurance is compulsory in order to take a drive test.
If you are victim of an accident caused by a person with minimum insurance, then it would limit how much you'd be able to collect from the at fault driver's insurance. But you could still try to gain personal assets from that at fault driver. If you are the driver who caused the accident and you have minimum insurance, then the person(s) you hit could potentially exhaust all the money in your state minimum policy and then come after you for more money if they are deemed to need it. The courts will require you to liquidate certain assets and turn them over to the victims. It could potentially bankrupt you, depending on your state's laws over what you can shield from liquidation. This is the main reason why you should almost NEVER drive with just the state mandated minimum unless you have to.
You should call the family court system to find out the minimum amount you can have in your savings account. You should be able to ask this question anonymously.
Depending on where you live, most insurance companies offer car insurance for people of all ages from the time they are legally able to drive, until the time they are too old to drive. Some examples of insurance companies are Jevco and Wawanesa.
You do not need a minimum credit score. You just need to be able to pay off the amount at the end of every month.
Insurance is required by loan companies and many states if you have the vehicle registered. If you don't have a loan and you don't drive the car you should be able to drop the coverage. You may be able to get a waiver from the state if they want proof of insurance on a vehicle that isn't being driven but has valid plates.
In most states he will have to be added as a driver on your insurance if you want him to be able to legally drive your car. Check with your insurance carrier for state specific details.
Yes, you can.
If your parents put your name on their car insurance, that is you as a named drived you will be able to drive their car. This is often a cheaper way of insuring you to drive a car than having you as the person that takes out the car insurance. You will not be covered to drive other cars however. Their are some insurance companies now aimed at insuring young drivers which is something that you could look into.
If you're liscensed, and have permission from the person under which the car is insured, you are able to drive the car if it is insured even if you yourself are not insured