The rate are going higher and higher..in this down rate economy...
Saw this on one the local news websites..
"
Texas Auto Insurance Increase Takes Effect
POSTED: 12:26 am CDT April 2, 2008
UPDATED: 12:45 am CDT April 2, 2008
DALLAS -- The state of Texas upped the minimum amount of required auto insurance beginning Tuesday.
People with minimum coverage, such as Jennifer Diggs, will have to pay more. She pays $115 a month to insure her 2002 Chevy Tracker.
She said she has had it with higher gas prices and now higher insurance rates.
"I think that everything that's going on with this economy is disadvantaging to hard-working citizens like myself," Diggs said.
Texas increased the minimum amount of insurance all car owners must carry to 25-50-25: $25,000 for each person injured up to a total of $50,000 per accident and $25,000 to pay for the property damage.
Those with minimum coverage will notice the increase the next time they renew their policy.
"I'm getting ready to get my premium probably in about 30 days," one woman said. "I may be in for a shock."
Last year, the Texas Legislature decided the old limits were too low to pay for serious injuries or major damage.
One driver said insurance is expensive but necessary.
"And I'm 24. So you know how that is -- if you're not over 25, it's outrageous," he said. "But what can you do about it?"
Diggs said the increase is just another squeeze in an already tight economy.
"And right now, I'm debating on what I'm going to pay and what I'm going to eat," she said.
For the average driver, the increase will add up to about 6 percent a year."
i may go back to my 96' 4 door!
