Why Do I Actually Need Auto Insurance

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I am not a bad driver. Why do I actually need auto insurance? This is the reasoning behind many people refusing to pay a monthly fee to an insurance company to protect their car from a possible accident or damages. The choice can also be influenced by personal financial circumstances.

A few reasons to consider if you are one of the people preferring to refrain from a monthly payment to protect your car from something that might or might not happen in the near future:

1. In many countries it is illegal to drive without auto insurance.

It is best to investigate your country’s stipulations regarding auto insurance. You don’t want a nasty surprise the next time an officer pulls you over.

2. Even if the accident is not your fault you are still going to be held liable.

The purpose of insurance is to have coverage in the event of an unforeseen accident. In other words, you might be a good driver, but there are plenty of reckless drivers out there.

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3. Protection for you in a worst-case scenario.

Auto insurance creates a safe-guard for your assets and the property of others. What if you get into an accident and you, your passengers and others are badly hurt, requiring lengthy hospital stays? Paying insurance is more than just obeying the law; it is about protecting your family.

4. Pay a small monthly fee now to save a lot later.

Even if you are an impeccable driver, unfortunately you are not alone on the roads and there are other drivers making silly mistakes that can affect you. Accidents range from a small bump to a total vehicle write off, and to even fix a small bump can be very costly. Most insurance companies offer the benefit of only paying a small excess fee when your car gets fixed, instead of having to cover the total cost all on your own.

5. Saving time and inconvenience when accidents happen.

Your auto insurance company will assist you with the unpleasant post-accident process, like dealing with the other driver’s insurer, completing the claims process, helping you find a good repair shop and getting your claim settled swiftly and fairly. If the other driver doesn’t have auto insurance, your insurance company can also help you recover costs through your policy’s uninsured motorist coverage.

6. Your auto insurance can supplement your health insurance.

If you are injured in a car accident and have insufficient health insurance or none at all, your auto insurance can help. Most insurance companies offer coverage that cover injuries you sustain as a driver or passenger.

It might seem that you are saving a lot per month by not paying for insurance that will only benefit you in an emergency that might never happen, but in the long run you will benefit from the investment. It will give you peace of mind to travel around carefree, knowing that you are safe from the mistakes of unpredictable reckless drivers.

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