Rates for High Risk Drivers in Texas Falling; Coverage Minimums to Rise

Insurance rates for high-risk drivers insured through the Texas Automobile Insurance Plan Association (TAIPA) will decrease overall by 7.6 percent from 2010 rates effective Jan. 1, 2011. According to TAIPA, Texas Insurance Commissioner Mike Geeslin’s order decreases overall rates for TIAPA personal auto insurance policies.

Also effective Jan. 1, the minimum amounts of motor vehicle liability insurance coverage required to establish financial responsibility in Texas will be: 30/60/25, or $30,000 for bodily injury to or death of one person in an accident; $60,000 for bodily injury to or death to two or more persons in one accident; and $25,000 for damage to or destruction of property in an accident.

Texas currently requires motorists to carry a minimum of $20,000 protection for bodily injury liability per person, $50,000 per accident and $25,000 for property damage liability — or 20/50/25.

In 2010, TAIPA rates saw a 2.2-percent increase from 2009 rates, according to OnlineAutoInsurance.com.