Why Do I Need Auto Insurance?
Car accidents can be expensive. In fact, a single collision can set you back tens of thousands of dollars, especially if medical bills are involved. Obviously, not too many drivers can pay out of their pocket for unplanned accidental expenses like that. But whether you can afford it or not, if you’re responsible for an accident, you’ll have to pay to get the other driver (and yourself) back to pre-accident condition.
That’s where auto insurance comes in. Auto insurance is designed to cover most, if not all of the expenses that result from an accident. Auto insurance covers you up to the limits you choose, ensuring that a collision or any accident doesn’t financially devastate you. Auto insurance also ensures that the victim of a car accident receives fair compensation.
There are several different layers and parts to auto insurance coverage, and knowing what types of coverage you should have and how much of it you need, is important for protecting yourself and your assets.