Under Texas law, auto insurance companies can raise your rates at any time.
In many cases, they will raise your rates after an accident, even if you did not cause the collision. If you did cause the accident, you can usually expect your insurance rates to be raised by the company.
Personal Injury Protection insurance (PIP) covers your medical bills even if you caused the accident. But if you file a claim under your PIP policy, the insurance company will usually raise your rates.
Sometimes insurance companies raise rates just for discussing an accident with them, even when you do not file a claim.
That’s why after an Austin auto accident, you may want to speak with an Austin personal injury attorney first to discuss your options.
Under Section 601.072 of the Texas Transportation Code, drivers must have minimum insurance coverage. This is known as liability insurance. If you caused an auto accident, auto liability insurance will pay for damages to the other cars, drivers, passengers and pedestrians injured in the accident.
Texas requires more coverage than many other states. But even these amounts may not cover all the damages and injuries after an Austin auto accident. That is why the Texas Department of Insurance advises drivers to obtain additional insurance.
But if you are the at-fault driver in an Austin auto accident, even additional liability insurance will not cover your medical bills and vehicle repairs. That is why most auto insurance companies also offer Personal Injury Protection (PIP).
PIP is Personal Injury Protection auto insurance. It covers your bodily injuries if you are in an auto accident, even if it was your fault. In Texas, your insurance company is required to offer it. But you are not required to purchase it.
Liability auto insurance generally only covers damages to the other driver, passengers, pedestrians and vehicles. That is why Texas insurance authorities recommend you purchase additional auto insurance:
Note that if you file a claim under any of these types of insurance policies, you can usually expect your rates to rise.
But it may be worth it, if you need the money to repair your vehicle or pay medical bills. Your premiums are spread over the course of a year, while your medical and repair bills may need to be paid immediately.
Insurance companies generally offer as little as possible. In order to receive higher compensation from the insurance company, the company has to believe that you have a strong case. They know that if you file a lawsuit, the company may end up paying much more.
Insurance company studies show that auto accident victims who are represented by an attorney receive much higher settlements than victims without an attorney. In fact, most of the money paid out by insurance companies is given to people with attorneys.
Even if you have no intention of filing a suit, an Austin personal injury lawyer can help negotiate with the insurance company.
Justinian & Associates has a staff of investigators and the legal experience needed to fight for your rights. That’s all we do. We are Warriors For the Injured.
We offer a free consultation with an experienced Austin personal injury attorney who can explain your rights under the law. No obligation. And unless we get you money for your injuries, you never owe us any fee. If you have been in a vehicle accident in Austin, contact Justinian & Associates.