Why You Need Car Insurance

Low Cost Car Insurance

When you find yourself making payments to the auto insurance company every month, you feel frustrated and ripped off because it seems that you are not getting anything in return for your hard earned money. This may be more apparent when you are a relatively new car owner or have never filed an insurance claim. You need to find a top auto insurance firm that offers low cost car insurance to get the most for your money. The following are some examples of types of best low cost car insurance offer.

Car Insurance Provides Financial Protection

Most states require that every driver carries Public Liability and Property Damage , which will cover you in case there is an accident and you are found to be at fault. The other party will expect compensation for the damages.

If you do not have this type of auto insurance, you will likely be held responsible financially, and may very well have to cover all the costs out of pocket, and this can run into thousands of dollars. Although this type of car insurance will not cover the costs to fix your car, and you may feel at this point that car insurance is worthless. However, Liability does cover other losses. These areas can be;

• Property Damage

(other car or other property)

• Injuries to Other Party

(Driver of other car and/or passengers)

 

Medical Costs to You

Liability insurance also will protect you from lawsuits, if you do not have good car insurance, and you are unable to pay the costs to repair the other party’s car, you very well may face a lawsuit. Therefore, most states require every driver to have PLPD insurance, at a minimum.

You may ask yourself; if I never have any claims then what am I paying for? You will get the best auto insurance rates if you do not have any claims, and you can’t afford to take a chance that you will have an accident and need the insurance. It is also illegal to drive without insurance. If you are found to not have insurance, and there is an accident, you will end up in court and have to pay heavy fines, as well as the possibility of having your drivers license suspended.

Car Insurance Also Covers Physical Damage

There are two other types of top auto insurance; collision, and comprehensive insurance that cover damages to your car. There are certain limitations and deductibles depending on what you choose to cover and how much you want the deductible to be. However, car insurance is not for maintenance or mechanical repairs. If your car was damaged in an accident, fire flood, or vandalism it would be covered. Normal wear and tear is not covered.

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