Texas motorists with car insurance will see their premiums rise in 2011, according to state officials.
The premium increase was mandated by legislation passed by the state in 2007, which called for boosting the minimum liability insurance requirement as the rate had not changed in almost 25 years. A small raise followed in 2008, the first in a set ordered by the new law.
Starting January 1, drivers will see their premiums inch up 2 to 3 percent when they renew their coverage, and will be required to have a policy that covers up to $60,000 per accident, $25,000 for vehicle repairs and $30,000 per person injured.
About half of Texas drivers currently have the minimum amount of liability insurance required, while 30 percent have purchased more than the minimum, reported KTRK news.
Car insurance premiums in Texas average about $1,463 annually, ranking at 24 on an Insure.com study of the nation’s most expensive regions for insurance.
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