Why Do You Need Car Insurance

We ve saved this one for last because it s the most obvious reason why you must have car insurance.

Why do you need car insurance. Without it you may not have the money to front the costs of repairs and could be left without a vehicle for prolonged periods of time. If you are at fault in a car accident the auto liability coverage required on your car insurance policy helps pay for covered losses such as the other party s medical bills and damage to their vehicle or other property that results from the accident. A vehicle is often a major expense and you want to protect it. The lone exception is new hampshire but even in the granite state there is a legal requirement to have coverage if you have a loan on your car.

You can expect to meet specific car insurance requirements if you lease a new vehicle or buy one with an auto loan. To many people it is already an essential component to owning and operating a car. But all the reasons given above are why states mandate car insurance coverage. Your car insurance pays for damage to your vehicle or other people s vehicles and your health insurance.

Comprehensive and collision each offer coverage for physical damage which comes with a lot of rules regarding what is covered and what is not. You could be injured. Most insurers offer coverages that cover injuries you sustain as a driver or passenger and in some states personal injury protection coverageis required. Auto insurance can help cover the costs of those repairs and if necessary replacement of the car.

Yes car insurance is important if someone borrows your car. Car insurance can pay to repair your vehicle after an accident depending on what coverage you select. Typically the car insurance policy follows the car that it is covering. By requiring that everyone has it everyone is protected from the risks of owning and driving a car.

At first glance car insurance and health insurance are two different products entirely. By requiring an insurance policy with high coverage limits the lender is. You get the car serviced you put petrol in to keep it going you look after it and you pay your insurance. Having car insurance is required by law in most states.

If you re injured in a car accident and have insufficient health insurance or none at all car insurance can help.