Why Do I Need It?
The one thing that car insurance offers is financial protection for other drivers making mistakes and putting you into an accident. It doesn’t matter if you have an exceptional hand-eye coordination or the best driving skills out there, more than likely they are drivers on the road with poor driving skills. When you sign off on a car insurance policy, you can depend on it to protect you from the compulsive phone texter or the reckless driver not paying attention.
If you have a car accident and you have limited health insurance, your car insurance can may help you. You may find that low cost auto insurance companies can offer you coverage that covers your injuries for either you as the driver or the passenger. If you have health insurance in place, your car insurance can still take care of accident-related injuries such as funeral costs, dental work and rehab expenses.
IS IT MANDATORY?
As of this date there’s no federal mandate that says all drivers must buy and carry insurance. Each state determines the law of whether you have car insurance. That said, many states have several laws. Liability insurance is mandatory because it protects other people and their specific property. On the other hand, Collision insurance is not mandatory. This coverage protects your car if there is a theft, fire or if it’s vandalized. Collision insurance protect you as the car owner.
Accidents: What do I do?
If you’re ever involved in an accident there are several things you should do.
-Report the claim immediately
-Stay at the accident scene and do not leave
-Call and report the accident to the police
-Use your accident information card from your insurance policy paperwork and exchange it with the other driver
-Do not discuss insurance coverage or admit any fault
-Use your smartphone or any available digital camera to take multiple pictures of the accident in the damaged all vehicles
Auto insurance is proof of financial responsibility driving a car and is required in most 50 states. If you’re thinking about getting auto insurance, it will depend on the car you have in terms of the coverage you might need or receive. A new car may increase your auto insurance coverage whereas an older car may not need as much coverage. You should also consider the passengers that ride in your car regularly. To protect them, it may be smart to increase your coverage.
Research shows that the average insurance claim back in 2013 was $15,443 for bodily injury. For property damage claims it was $3,231. If you didn’t have insurance, you would have to pay for all that out of your pocket. If you are thinking about getting auto insurance but you’re concerned about the monthly payments, you should always do as much research as possible. You may find that every policy insurance is different and gives you many different coverage options. Remember a good auto insurance policy and effective coverage can possibly save your life and your family members.