Dear valued MileMeter customer,
We hope that you have enjoyed your Holiday Season and we wish you a healthy and happy new year!
In an effort to keep you informed, we are notifying you that the state has mandated an increase in the Texas minimum liability limits, in attempt to keep up with the steady increase of medical costs. On January 1, 2011, the present minimum limits of 25/50/25 were replaced by the new minimum limits of 30/60/25. We will continue to offer the higher limits of liability, which are 50/100/50 and 100/300/50.
Additionally, as part of our rate filing with the Texas Department of Insurance, we have implemented an overall increase in our rates, as medical expenses and the cost of automobile and property repairs continue to rise. The liability coverage increases will be around 7.4% on average. If you also buy Physical Damage coverage, the overall increase could be between 8.65% and 11.15%.
These increases will go into effect only on policies that are renewed on or after January 1, 2011. To see how much your policy cost will be affected, you may obtain a quote a new quote at any time.
Texas DPS and TexasSure will be verifying insurance coverage aggressively in the coming year. We urge you to consider buying an additional 1000 miles of coverage at your renewal. If you don’t use it all in this upcoming policy period, you will be eligible for a renewal credit.
Be safe, be smart, be economical, and stay insured with MileMeter.
Editor’s Note: Auto insurance purchased by the mile? That is innovative! We are satisfied MileMeter customers – we insure several of our vehicles with them at a pretty good savings. You can get a quote direct from MileMeter by going to their website.
