Is paying every month for the sake of your motor vehicle put you in deep thoughts of Why’s and What If's? Do you often wonder why paying for car insurance, important and what’s the real purpose of it?

If your car is absolutely fine or you have never filed any claim, paying every month and not getting anything in return can be frustrating. But, having car insurance does have a purpose and its not just a waste of money.

Here are some reasons to tell why it’s a good deal:

Pay To Secure For Later:

Insurance is a game of chance; you can claim it for the damaged vehicle or can use it for other purposes.  By investing in reliable car insurance, you can avoid costly future expenses. Some really cheap car insurance also covers things like collision, bodily injury liability, and other comprehensive damages.

It can help you cover the cost of expensive claims in case of accidents and can also save you from the lawsuits. With this, you will be secure from all injuries, pain, property damages, medical costs and more.

However, without having car insurance, you will be held financially responsible for the damages and will be forced to pay for everything from your own budget.

Protect Your Family And Others: 

The right car insurance will help you, your family and other drivers for the financial damages.  Having this, you will feel secure that if an accident happen, you will have the right coverage to take care of the damaged car and other costs that might arise.

Insurance Will Protect You From Tangible Repairs:

Car insurance will pay for your vehicle after accidents (the amount may vary as per the coverage). Further collision and comprehensive offers coverage for physical damages and often features a set of rules about what needs to be covered and what’s not.

It Saves Time:

The mishaps from a car accident can be time-consuming and quite tedious. Therefore, with proper coverage, you can easily negotiate with other drivers and property owners thereby managing the cost of repairing and replacing. It can also help you with vehicle towing, vehicle replacements, repairs, thus covering the cost of damages.

It Offers Peace Of Mind:

Having reliable car insurance means you will have peace of mind that you don’t have to break the bank in case of an accident or mishap. Accidents happen, sometimes from your own mistakes, sometimes from the driver’s mistake. However, with the right insurance, you can feel confident that you will get the justifiable claim and repairs if an uninsured or underinsured driver hits you.

It Will Take Care Of Sudden Accidents, Not Auto Maintenance:

Remember that car insurances don’t cover mechanical repairs unless it is caused by exterior factors like fire, collision or vandalism. You can claim for major damages that can occur anytime on the road, but things like wear and tear or bad workmanship are not what your car insurance takes care of. 

It Will Pay Your Medical Bills:

Reliable car insurance will help you pay for your medical expenses that your normal health insurance might not cover. You might get coverage like dental work, medical treatments, and other injuries on the body.

Other Insurances:

Apart from the basic coverages, car insurance will also provide coverages, like:

  • Gap Insurance:  It offers coverages to the people who have auto loans. It will pay you for the difference between the actual cash value and the amount you owe on the loan.
  • PIP: it's personal injury protection that offers you coverage if you or someone else gets injured in the accident.
  • Liability Insurance:  it offers the coverage if someone gets hurt from you.
  • Comprehensive Coverage: Comprehensive coverage covers everything except collision. In this, you can claim for theft, fire, vandalism, storm damage, deer and more.
  • Collision Coverage:  It simply protects your vehicle from accidents, collision with mailboxes, automobile, light posts, and trees. This type of claim is used when you are at fault, or you don’t know who have damaged the vehicle.

Car insurance is not just a law; instead, it’s a liability, so stay safe and get on the road!

Published by Janice Cook