Understanding Auto Insurance

Don't Think You Need Auto Insurance? 4 Reasons Why You Need To Rethink That Decision

If you own a car, you need to have auto insurance. It's the law just about everywhere in the United States. You might think that you're safe driving without it, especially if you've never been in an accident, and you've never been pulled over before. Unfortunately, your luck isn't going to hold forever, and it's better to be safe than sorry. If you're still not sold on the idea of auto insurance, here are four reasons why you should change your mind.

You Don't Have a Protective Force Shield Around Your Car

If you've never had someone hit your car, you may think that you simply don't need to waste your money on auto insurance. However, just because you've never been hit before, it doesn't mean that you won't be hit in the future. After all, you don't have a protective force shield around your car. Just spending a few minutes on city streets, freeways, or even parking lots can show you how close you are to an accident every time you drive your car.

You may also think that the other drivers' insurance will cover your damages if it's their fault. That might be true if they have auto insurance. However, if they're like the millions of uninsured drivers on the road, you're going to be left holding the bag for your own repairs.

You Could End Up Paying Penalties and Fines

If you don't have insurance on your car, eventually the department of motor vehicles is going to find out about that. When they do, you're going to be looking at some pretty stiff penalties and fines.

In addition to penalties and fines, your loan payments may go through the roof once your lender finds out you're not insured. They'll make sure their investment is protected by attaching their own insurance to your loan payments.

You're Not Immune to Distractions

If you pride yourself on avoiding any hint of distracted driving, you're doing great. However, that doesn't mean that you won't be distracted at some point in the future. After all, just about everyone has a moment of distraction while they're driving.

Unfortunately, just one moment of distraction can result in a car accident. If that does happen, and you don't have auto insurance, you're going to be held personally responsible for all the costs related to the accident. That's the last thing you want to happen. To make sure you're financially protected should you cause an accident while you're distracted, make sure you have auto insurance.

You Have Teenage Drivers

If you have teenage drivers, you need to have auto insurance on all the cars they'll be driving. You can't afford to be financially responsible for any accidents they might be involved in while they're getting used to the road.

With the right auto insurance coverage, you and your teenage drivers will be protected against liability issues. To find out what coverage options are available to you, contact an insurance company such as Budget Insurance Offices Inc to discuss your situation.