To better understand why auto insurance is essential, you have to know how car insurance works. Auto insurance does not only protect your vehicle if an accident occurs, but it also protects you from medical costs, financial liability, and other forms of legal consequences.
Auto insurance is not like life insurance because it is mandated and required for most drivers. Most states in America require you to have some form of car insurance to pay for damages you are responsible for after a car accident.
If you do not have auto insurance, you are compromising financial liability in the event of an accident that could likely cost you thousands of dollars. You might end up paying using all your hard-earned cash for repairs to your vehicle as well.
What Happens if You Get Into an Accident and Do Not Have Car Insurance?
If you get into an accident and do not have auto insurance, you may face or pay a fine for not having car insurance, plus extra penalties if you are ticketed for the accident you caused.
The average or standard cost of a car accident can be quite shocking. According to the Insurance Research Council, the average insurance claim for bodily injuries could reach up to $15,000. If you do not have any form of car insurance, you could be in trouble for having to pay for all the injuries and damages.
If you have car insurance, your insurance policy can cover and shoulder the other party's medical expenses and also the cost to replace or repair their vehicle. The law states that you are liable and responsible for all damages done to someone else and their property in a car accident that you have caused.
Alternatively, if you do not have insurance and you cannot afford to pay for the other driver's medical expenses and car repairs, you could end up going to jail, or a court could choose to send a large chunk of your paycheck each month to the person you injured.
Having the right auto insurance can go beyond fulfilling a legal requirement. An auto insurance policy can help you protect your vehicle and also offer you peace of mind.
At Black and Associates Insurance, Inc., we put our clients first by offering them policies they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (509) 464-0058. Get your free quote today by CLICKING HERE.
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