Posted in: by Anderson Injury Lawyers

Retail giant WalMart has announced they are breaking into a whole new market sector; they are going to start selling auto insurance.

WalMart is partnering with to sell motor vehicle insurance online and will also promote the new service in their stores. Texas is one of the few states where consumers can use the service already, but the plan is to expand to serve the entire US within the next few months.

As with everything WalMart does, the focus is on saving people money.

On the service, this is great. I sure enjoy saving money when I can.

However, when it comes to purchasing auto insurance, there are far more important things to take into consideration beyond the price tag.

It is currently estimated that 14 percent of all drivers in Texas currently have no auto insurance. So, for them, WalMart’s new service might be great – they can finally get auto liability insurance at a price they can afford.

But what if they don’t?

What does that mean for the remaining 86 percent?

Under Texas law, all motorists are currently required to have a minimum of $30,000 in liability insurance, but if you’re involved in a wreck caused by an uninsured motorist, there is nothing that the law will do to help you.

And if the at-fault driver doesn’t have liability insurance, then you’re unable to make a claim against them. If you were injured in the crash, then this could mean you’ll have to pay the full cost of your medical treatment yourself.

Unless you have uninsured motorist coverage or personal injury protection insurance.

UM and PIP are two forms of optional, additional insurance which protect you, your family, and any other passengers in your vehicle in the event of an accident – even if the person who hit you doesn’t have any insurance.

As an experienced car accident lawyer, I strongly recommend that everyone invests in this essential additions to their auto insurance policy – otherwise you could end up spending much more than you would have on premiums.