Do you have car insurance and is it important to have insurance for your vehicle? If you are an old driver and have experience in driving and you comprehend the importance of car insurance, but if you are new to driving you might neglect to have car insurance. You probably think car insurance is a loss rather than a benefit, but indeed it’s not. Read the following 5 main reasons of having car insurance and decide whether is it important to have car insurance or No.
5 Main Reasons of Having Car Insurance
1. It’s State’s Law
It all depends on where you live. In most countries drivers require and it’s compulsory to carry a certain amount of car insurance for your vehicle and the amount differs from state to state. The state where you are living in will tell you which type of car insurance is required. You might need liability, comprehensive or even collision insurance.
It’s important for you to understand this rules of insurance by your state because if you don’t follow this rule, initially it’s illegal for you to drive a car without insurance and the police won’t allow you to continue driving or they will charge you heavy fees and fines by the court once they know that you don’t have proper car insurance.
In addition, your vehicle will be impounded on the spot if you don’t follow the rules of having insurance, also you may have your driver’s license suspended or revoked for a certain amount of time. Hence, I think this one of the main reasons for having car insurance.
2. Protects You From Personal Liability in an Accident
Obviously, when driving a car you are not 100% sure that you won’t have an accident. Besides the legal requirements, this is also the main reason you must have car insurance because being a human we all commit mistakes. Suppose if you are in an accident and you are the fault, in this case, you are responsible for the costs of medical bills if a person is injured or most importantly if a person is killed, these costs will be on you and you are responsible.
I have seen people in this situation decide to sell their homes, stocks, bonds, or other assets in order to pay the costs. If you cannot pay all at once, it can also mean years of future payments that could spend the rest of your future life paying them off.
Car insurance protects you from all personal liabilities in an accident. Also, It all depends on the type of car insurance that you have, your vehicle can be replaced or repaired, meanwhile saving you the money pocket expense of replacing it yourself.
But what about you, what if you are hit by someone who doesn’t have car insurance. If you do not have insurance either, chances are good you will be faced with your own medical payments.
3. Repairs Your Car And Other Vehicle in an Accident
Suppose if you hit someone and you are the fault in an accident you may be required to pay for the damage or the replacement of the vehicle that you hit. As you know that vehicle repairs can be very expensive and if you don’t have car insurance, this money has to come out of your pocket.
As a side to this, for instance, if you run into a house and cause a wall to collapse you are responsible for any property damage and you would be required to make payment for those repairs. Once again keep in mind it all depends on the type of insurance you have. The insurance company will cover all the expenses of these, based on the insurance type you have. Remember an accident can force you into bankruptcy court if you are protected by car insurance.
4. Save Your Time & Money
If you run into an accident, initially, your car insurance is responsible to handle the situation and make it easy for you. But what if you are having a type of insurance that doesn’t cover the expenses of another person’s car that you hit? In this case, the car insurance at least can help you through the unpleasant post-accident process. They will walk you through the claims process, help you find a good repair shop and getting the situation handled quickly and fairly.
A good auto insurance company can help you with vehicle repairs, replacements and covering the costs of damages to other drivers. Once you make claim insurance, the insurance company can help you manage the process, save your time, money and support you through it.
5. Supplement Your Health Insurance
If you run into an accident and you are physically injured badly. If you have a good type of auto insurance, they may be able to help you pay for the medical expenses. Despite having health insurance, car insurance help you pay for things your medical coverage might not.
A good car insurance policy can help you cover health treatment for accident-related injuries, dental work, funeral costs, or extended nursing care during your rehabilitation. Think about it, having good car insurance might ensure your life and make you feel convenient all time.
Now if you think having good car insurance can ensure your lifestyle why wait any longer to start exploring the best rate and policy options. Get a good quote online and start having good car insurance today will make you don’t regret tomorrow.