Not having car insurance can be risky
The basic definition of car insurance according to some people is that it is simply a policy that is needed in order to comply with the law. As per state laws, having car insurance has become mandatory, and police cops issues fine for not having one. Whenever a cop stops a car driver, he/she has to provide the insurance proof. These fines are very minute, but the actual reason behind the concept of car insurance is something different.
Suppose if a motorist not having car insurance meets an accident and the consequences are serious then the expenses that will follow this accident will be very huge. The motorist who is at fault will be liable for the expenses that will occur for the damage caused to the other motorist’s vehicle. Moreover, in case of injuries the medical expenses will follow. And if the motorist at-fault is also injured then things become even more complicated. If the injuries are minute then the expenses may sum up to few thousand dollars but if there is some serious injury or in worst case an impairment, then the cost of surgeries may go around ten thousand dollars or even more. If the motorist would have had car insurance, all these expenses would be covered by the insurance company.
Not only this, but a car insurance policy also covers liability. Apart from the medical expenses, the at-fault motorist is also liable to pay the repair cost of the other party’s vehicle or any property. And if the other party’s car is completely damaged then the car has to be replaced. Such situations can spoil the driver’s driving record; lead to penalties and fines or in worst cases one will have to sell off any real estates, property in order to clear all these liabilities.
Thus, at first it appears to some people that car insurance is wastage of money. This is generally because everyone having a car insurance policy will not meet an accident of this type. So they think that their money is never recovered. But this thinking can lead to some serious problems. Not having car insurance can be risky for your finances as well as life.
Therefore it is necessary to have car insurance and be prepared for the worst. Paying the premium every month is much more affordable than paying off the expenses as we have discussed above. It’s not just about your car or life; it’s about your family’s financial security, about someone else’s life also.
Purchasing car insurance is not a big task. Car insurance comparison sites have made this much easier. You just to fill up your car specifications and they will give you a list of quotes you can choose from. Decide your budget that is the amount you can save for car insurance every month and go for a policy within that premium range to avoid policy cancellation issues.
Think wise and be safe. Go online and buy car insurance today!