Getting a new car is an exhilarating experience. Being able to own a car is a dream on its own, and we don’t often think too much into it, just driving and enjoying the ride. But then, after a little while, all the obligations, possibilities, and legal requirements regarding your vehicle just hit you and you’re stranded with a realization that there’s a lot more to owning a car than just driving. One of those legal requirements finding a proper way to insure your car. It might seem like a complicated thing if you’re new to cars, which is why we compiled this shortlist on why car insurance is important.
1) Protecting Your Loved Ones
Sometimes it might seem like the entire point of car insurance is just to keep insurance companies’ pockets full. They’re taking big amounts of money, for something that might or might not happen. But looking at the statistics shows us that it might not be the case. Although the number of fatalities is declining every year, it’s still a huge number, and accidents happen more often than we think. We have to do everything that’s in our power to prevent them from happening, but we can’t control the actions of other drivers. That’s why, sadly, accidents are something you cannot predict.
And having car insurance is something that might play a big role in saving someone’s life in an accident, as the money will likely be sufficient for you to use it for medical bills and issues, as well as taking care of the damage your car has endured. It lessens your stress in such situations, which are very emotionally and financially draining. Putting your safety and well-being, as well as your family’s, friends is one of the most important things you, as a driver, can do for them, and getting car insurance is the first step when it comes to doing so.
2) Staying Legal
Of course, this might be one of the most obvious reasons, but it’s definitely one of the most important ones that just need to be addressed. As it is stated above, it’s a legal obligation. Making sure you insure your car is required in most states in the US. But more importantly, financial compensation is required in all of them. Meaning that if you got into a car accident that was proven to be entirely your fault, you’d be the one who would have to pay for the damage the other person has endured. If you didn’t have car insurance, you’d have to pay out of your pocket, and it’s never a small amount of money.
If you didn’t have enough money to pay, you’d probably be facing a lawsuit, which is also incredibly expensive. That’s why getting car insurance is one of the best things you can do, as getting stuck in all those policies can be a hassle. As you can see at www.staebler.com, car insurance won’t just keep you from getting sued, but it’ll also deal with all the complicated legal issues regarding policies. As most of us aren’t legal professionals, having someone take care of these things lessens all the stress we might endure. It also helps us focus on other issues and problems that arose that we actually can fix ourselves.
3) Protecting Your Car
Cars aren’t that cheap. They’re not cheap at all. For average people, it’s one of our most expensive assets and investments. It’s also a necessity, especially if you live in a big city, or need to drive at length daily, as your entire daily routine depends on owning one. The cost of maintaining a car can also add up and be a strain on your finances. Now, imagine how much it costs to repair a car that was damaged in a car accident?
Of course, there are different types of damage, and it can range from a minor dent to some pretty major car damage. In any of these cases, you don’t want to spend your money on that, as costs can pile up quickly. Getting your car insured protects you from this, so you wouldn’t need to spend your savings on repairing a car. It protects your car and your wallet!
As we’ve already mentioned, car insurance is oftentimes a legal obligation, but it’s an obligation that makes sense. Finding the right way to insure your car is a step that will help you lead a stress-free life, even in high-stress situations such as car accidents and such. And leading a stress-less life contributes to leading a healthy life, and isn’t that the most important thing? We think so.