Have you ever heard the phrase “It’s not important until you need it?” Without a doubt, auto insurance falls into the necessary evil category. Below are fundamental reasons that Auto Owners Insurance Cabot is paramount for all drivers.
The main priority of auto insurance is coverage for medical and property costs associated with accidents. Basic liability and property insurance coverage protects yourself and injured motorists if you are at fault in an accident. Without this basic type of insurance, motorists can cripple under financial burdens including legal fees and medical bills that are herculean to overcome.
Aside from your home, your car is most likely your next most valuable asset. A large majority of individuals drive their cars every day proving the necessity of auto insurance to protect this expensive asset.
Law and Prevention
Auto insurance prevents dangerous motorists from getting behind the wheel of a car. Nearly every state requires basic liability insurance providing driver reassurance in the unlikely event of an accident. The requirement to have basic insurance by most states significantly reduces the amount uninsured drivers on the road.
There are also options to add comprehensive auto insurance coverage to existing policies. Imaging driving in rural Pennsylvania and crashing into a deer crossing the road. This unthinkable accident happened twice to my father within a span of six months. Luckily, my father had comprehensive coverage preventing him from paying thousands of dollars in repair bills. Other types of unpredictable life events fall under the category of comprehensive coverage. My brother’s car window was completely smashed in broad daylight while we were working out at the gym. Fortunately, he made a wise decision to have comprehensive auto coverage added to his policy. Without this coverage, he would have had to spend roughly 250 dollars to replace his car window. Vandalism, theft, and storm damage all fall under this type of auto insurance.
Accidents Come in Many Shapes and Sizes!
You are completely exhausted from a long day at work and just about to turn into your driveway. BOOM!!! You misjudge your turn and smack straight into your mailbox. Most people think of accidents occurring between one vehicle and another. However, accidents do not discriminate and can occur between many types of inanimate objects. While collision insurance is not required, it is advantageous for the various types of accidents that are possible. Light posts, tree branches, curbs, fences, and guardrails are examples of accidents covered by collision insurance.
Life is extremely unpredictable and the hope is that you will never need to use your auto insurance plan. However, drive with the peace of mind that you desire and realize that auto insurance is a necessity.