Do you own and drive a car? If so, you probably have insurance coverage to protect yourself and your vehicle from harm. Many people wonder why they have to have auto insurance, though. After all, it isn’t optional like renters insurance, which only 37% of renters have, or health insurance, which 12.9% of Americans don’t have either.
So why is auto insurance so crucial for all drivers? These three reasons should convince anyone to get the insurance coverage needed to drive safely:
1. It’s against the law not to have auto insurance
Unless you live in New Hampshire or Virginia, your state will require you to carry this type of personal liability insurance. (The state of Virginia, however, does charge an uninsured motorist fee for those who skip out on coverage.) The assumption is that most people who get into car accidents won’t be able to pay for the damages out of pocket if they’re at fault. Many states will suspend your license if you drive a car without insurance coverage. In the event that you get into an accident with an uninsured driver, an auto insurance company will also help pay for damage repairs and medical bills, if needed.
2. Auto insurance protects you and your passengers
Even if you get into an accident and it wasn’t your fault, having car insurance means having a company fight in your best interests. Claims departments work to seek a settlement to cover the damage done to your vehicle. In addition to protecting you while you’re on the road, your passengers may also be covered under your auto policy.
3. Car insurance rates are designed to be competitive
Ever wonder why there are so many insurance commercials on TV? Auto insurance rates are designed to be competitive, so you can find the best coverage for what you need. After all, if you own a used Acura, you don’t want to pay as much as you would to cover a Ferrari. In addition to calculating premiums by the kind of car you drive, insurance companies also place stock on your age, especially if you’re under 25 or over 70. Driving record, however, is among the biggest factors in deciding insurance rates, so avoid tickets and stay safe on the road!
Do you need more information on auto insurance? Want to request car insurance quotes? Get in touch with us today.
