Each year, there are around six million car accidents nationwide. In the event of a car accident, it is important that you have proper coverage on your vehicle.
Here are 5 reasons why you need auto insurance.
It’s The Law: By law, you are required to carry proof of insurance and at the very minimum, carry liability insurance. If you are found to be driving without insurance, then you could face fines and the suspension or revocation of your license. Also, if you have a lease or loan on the car, the bank requires you to carry insurance on the vehicle.
Medical Bills: In the event of an accident, insurance will cover the cost of injuries to people in the other vehicle. This can help keep the other driver and occupants of the car from coming after you for medical bills accrued due to the accident.
Damage To The Car: Insurance will cover all damage or payout monies due for the damage to the car. Again, because your insurance takes care of this debt, it can help ensure that the other cars owner does not seek monetary restitution from you.
Uninsured Drivers If you carry insurance from an agency like Butler & Messier Insurance and are hit by an uninsured driver, then your insurance company will pay for all the damages to your car and any medical bills that you may accrue. This will help make sure that you do not have to pay for these bills out of your own pocket.
Roadside Assistance Some insurance companies offer roadside assistance with your policy. This assistance will help in the event that you have a flat tire or if you are in need of a tow.
What things should you consider when shopping for insurance?
Deductible The cost of your deductible will determine how expensive your monthly insurance payment is. The higher your deductible, the less your monthly payment. However, in the event of an accident, you will need to pay a deductible before any work can be done on your vehicle.
Claims How quickly does the company you are considering process their claims. If you are involved in an auto accident, then you are going to want a company that responds quickly and efficiently to get you back on the road.
Type of Insurance It is important to think about the amount of coverage that you need. While liability insurance is the cheapest, it only covers the other driver’s vehicle in the event of a collision. Also, depending on the age of your vehicle, you may wish to carry more insurance on it, to ensure that it is fixed if an accident does occur.
Comments