You’ve probably asked yourself if yourself this question: ”Do you have to have car insurance?” The answer is emphatically yes. When you get behind the wheel and start driving, you better have at least the minimum coverage required by your state. But, that’s not the only reason you should have auto insurance. Here are some reasons you should invest in a good policy.
To Abide by State Laws
Okay yes, we already mentioned that most states require you to have auto insurance to drive legally. At the bare minimum, you should at least invest in liability coverage that meets your state’s mandated property damage and bodily injury limits. This helps you pay for the other person’s losses when you’re at fault for a car accident.
To Supplement your Health Insurance
If you’re injured in an accident and don’t have sufficient health coverage or you’re not covered at all, auto insurance can help. Many insurance companies offer coverage that covers any injuries you or your passengers sustain. This differs from required personal injury coverage.
Even if you’re covered with health insurance, auto insurance can help cover certain things that your health coverage won’t such as dental work, accident-related injuries, extended nursing rehabilitation care or funeral costs.
To Help Protect your Finances
If you’re at fault for an accident, you’ll likely have to cover the costs associated with it. These costs could include the medical expenses or lost income compensation of the injured person or legal fees. When you don’t have coverage for these things or not enough, this money comes out of your own pocket and it can hurt you financially.
To Give you Peace of Mind
Perhaps you’re a straight “A” driver and obey all traffic laws. Or maybe your hand-eye coordination is stellar. You may even be the best driver in the world (doubt it, but you never know). By definition, this would mean that all the other drivers in the world are worse and there are millions of drivers out on the roads in the U.S. alone. Therefore, you’re going to get a lot of reckless drivers, road rage drivers, makeup applying drivers, texting drivers, red light running drivers, and more.
Since drivers can be so unpredictable, you can’t possibly know when you might get into an unavoidable accident. Insurance protects you from this scenario.
Now that you know car insurance is mandatory and essential, and you’ve decided how much you need, it’s time to shop around for multiple car quotes. Car insurance policies will vary depending on your driving record, your car, and your credit, therefore, it’s a good idea to compare multiple auto insurance quotes before selecting your car insurance policy.