In regards to car insurance requirements in Texas, you must
have a minimum of $15,000 to cover damages an accident causes
other property; $20,000 to cover any bodily injury or death of
one person per accident; and $40,000 to cover any bodily injury
or death of two or more persons per accident. You can meet the
Texas car insurance requirements by purchasing a policy from a
car insurance company licensed to do insurance business in
Texas, or you may want to post a self-bond – set aside enough
money to meet the car insurance requirements in Texas.

Self-bonding, or self-insuring, to meet the Texas car insurance
requirements does have its advantages. First, you do not have to
worry about whether or not it is going to be difficult to get
insurance – if you are providing it, it is already there! You
also do not have to concern yourself with premiums, making
payments on time, or renewal and cancellation in the matter of
being self-insured.

When you meet the Texas car insurance requirements with a
self-bond or self-insurance, you are also free to purchase
additional car insurance coverage from a traditional car
insurance company. By keeping your self-insurance stash in mind,
you can pick and choose what car insurance coverage you want to
purchase.

Self-bonding, or self-insuring, is not actually the most
efficient way to meet the car insurance requirements in Texas,
but it is an option – an option that many people choose. The
most common reason people choose the option of self-bonding to
satisfy the Texas car insurance requirements is because they
feel they are uninsurable. A bad driving record, a flawed credit
report, and a sketchy history of making payments are all factors
Texans believe make them uninsurable; however, these are factors
that can and do improve in time, and the self-bonded individual
may want to switch to a traditional car insurance policy in
Texas once these factors have improved.

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