What are the minimum required amounts of liability insurance coverage under the Texas Motor Vehicle Safety Responsibility Act?

The minimum required amounts of liability insurance coverage under the Texas Motor Vehicle Safety Responsibility Act are established to ensure that drivers can cover the costs associated with injuries and damages they may cause while operating a vehicle. The correct answer specifies $20,000 for bodily injury or death of one person, $40,000 for two or more persons, and $15,000 for property damage. This coverage level reflects the state's commitment to providing sufficient financial support to victims of traffic accidents.

Having adequate liability insurance is crucial because it protects not only the involved parties but also helps uphold responsible driving practices. When drivers carry the mandated amounts, it ensures there is a financial mechanism in place to address medical costs, lost wages, and property repairs resulting from accidents.

The other options provided do not meet the established legal requirements set forth in the Texas Motor Vehicle Safety Responsibility Act, which clarifies why they do not qualify as correct. The specific figures in these other answers do not align with the law, which is critical for anyone looking to drive legally in Texas.