How many times have you considered getting insurance for your car? If it is hard enough to remember, then you are not alone. In fact, more than half of drivers do not get auto insurance even if they’ve the money to pay for it every month. Even although they’re able to pay monthly installments, they still do not want to bother with policies and other similar things. Well, owning an uninsured car may sound attractive at first, but in reality, it is a very bad idea. Here are some of the top reasons why people insure their vehicles to help you make a better decision.
Sometimes Required By Law
Some countries or states normally require owners to insure their vehicles. This means that if your car is in an accident, it’s you who is responsible and nobody else involved. For example, even if they defend you and you haven’t got insurance, nobody will pay for your damages. If it comes all the way down to it, then you’ll be on your own and will must pay out of pocket all costs incurred during the accident in addition to any future costs while you still have the damaged vehicle. Also, if you have an accident while operating an uninsured vehicle, you’ll have to pay all costs out of pocket including the fine.
It Gives You More Protection
Whether required by law or not, insuring your car shows others that you’re responsible enough to protect yourself and others from harm. In short, insurance providers protect both parties involved in an accident so it’s better for everybody concerned when both drivers insure their vehicles against all eventualities/accidents.
If you insure your vehicle, then that also provides other benefits besides covering damage in the event of an accident. Some insurance companies offer a collision damage waiver which covers certain costs that may be incurred while driving or renting another car after your car is damaged in an accident even if it isn’t your fault. If you are traveling abroad and need emergency help such as medical treatment or (emergency) cash transfers, some auto insurance coverage cover that as well. This means that even if you haven’t got personal insurance coverage for a particular situation, the company will cover all costs if you need help.
Finally, some insurance providers offer towing and labor services as part of the plan meaning that they will take care of your vehicle if you get into an accident or need repairs on top of what you bought with the aforementioned collision damage waiver.
You Can Get Discounts On Your Rates
Getting a discount on your auto insurance premiums is something that nearly everybody wishes for but won’t ever come true unless he’s insured and pays his dues monthly (i.e. at all times pays your premiums on time). There are many ways in which insurance providers offer discounts particularly when they know the customer better such as installing an alarm system, having good grades at school etc. As long as the customer is not facing any violations with their current policy, most insurance providers are open to giving them premium discounts. For example, you can see if a company is offering a discount for good value or simply asking if they will offer you one even if this is unusual.
If you are on a tight budget, it is still possible to get cheap insurance quotes provided you look at the companies that offer them. While searching best cheap car insurance make sure to include all possible options in your comparison. Factors you should consider include car insurance company, price, insurance coverage, and discounts. Just ensure that the company you’re looking at is respectable and has good reviews.
It Protects Your Goods
Most insurance policies cover personal items that you carry in the vehicle such as expensive musical instruments or electronic equipment. This means that if you take this stuff with you, the damage will be borne by the company even if not directly. involved in the accident with your vehicle. For example, it is best to insure while driving someone else’s car than to risk losing valuables while on roads outside of your control. A good number of some types of policies cover up to 10 percent of the value of things lost during an accident so it’s more beneficial to have this sort of coverage particularly if you carry one or two expensive items around most days.
Your car will be protected by whoever drives it
Even if your friend who borrows your car is drunk and has an accident, your vehicle will still be covered by someone else’s insurance company because you’re the one who allows them to drive it even although they’re under the influence alcohol. However, this only applies if you have a comprehensive plan and not third party liability coverage as accidents caused by drunk drivers fall into the latter category and will only cover damages up to a specific amount. To get this benefit, you need to have full coverage or comprehensive insurance.
If you want to sell your car
Insuring your car will give potential buyers the confidence to buy your vehicle because they know that you’re serious about the security of themselves and others. Since most states require individuals to insure their car in order to drive it legally, so if you haven’t got one car insurance plan in place, it sends a negative signal in terms of trust with regards to potentially buying your vehicle. Also, auto insurance helps protect both buyers and sellers in terms of covering damages if something happens during a test drive.
Having a car insurance policy is very beneficial and can help you save quite a lot of money particularly with regards to getting legal coverage for your car, whatever the circumstances. So if you’re still wondering why you need to be insured, then the answers mentioned above will offer you some insight into what insurance is. besides, it’s legal and insurance providers will do everything in their power to provide you with coverage for your car which eventually benefits both parties.
