There’s no denying how useful and important cars are to us. It is not just about going from point A to B (which in itself is a great thing). From taking your kids to soccer practice to going to the office every day while sipping your favorite coffee. This convenience does come at a cost. It is illegal to drive a vehicle in the US (in 48 states, with the only exception being Virginia and New Hampshire) without a proper auto insurance policy.
While it might not seem too obvious, your car insurance makes a lot of difference in your life. Not only is an auto insurance policy important for you and your family, but it also makes you and your family safe and secure. So here’s how car insurance makes life easier for your family.
It Provides Security
As already established, your car is an integral part of your family. It is used almost every day, and it is really hard to imagine commuting or going anywhere as a family without a car. But what provides security to your car? What happens if, in an unfortunate accident, your car gets damaged and needs to be repaired?
This is where auto insurance policies come in. With a collision and comprehensive insurance policy, you never have to worry about fixing your car after an accident. Road accidents can be ugly, but what’s worse is the extremely high prices of car repairs. You’d be shocked to know how much a simple paint job or scratch removal would cost you.
Collision and comprehensive insurance cover the cost of fixing your car, even if it gets totaled. Collision insurance is the policy that will cover the cost of all damages to your car caused during an accident, regardless of whose fault the accident was. It also covers damages caused due to bad roads such as massive potholes and such.
Comprehensive insurance covers the cost of repairs for damages due to natural calamities. This includes fires, earthquakes, floods, hailstorms, volcanic eruptions, etc. It also covers damages due to vandalism, riots, and even theft. Collision and comprehensive insurance assure that you don’t have to lose thousands of dollars fixing your car.
Comprehensive and collision car insurance can cost a pretty penny, and the price depends on a lot of factors such as age, gender, driving record, and the state you live in. To get the best rates, always look for the most affordable car insurance provider in your state. For example, if you live in Texas, look for cheap Texas car insurance and get affordable and great auto insurance coverage.
Imagine driving your car, and you lose your attention for just a second, and the next thing you know is you’ve rammed another car, causing some serious damage. As the law dictates, you should be the one paying for the repairs of the car and medical treatment of all the people hurt in the accident. Paying for all this would easily cost you more than hundreds of thousands of dollars if the injuries and damages are extensive.
This is where liability insurance comes in. Having liability insurance with a state-mandated minimum coverage limit is mandatory in 48 states. Liability coverage is a policy that you cannot claim, but your insurance company would pay the other driver who got hurt in an accident caused by you.
Imagine losing hundreds of thousands of dollars from your savings just to fix a car and some broken bones (the worst part is thousands of dollars out of this would be just for the ambulance ride). Liability insurance provides financial security to your family.
You and Your Family’s Safety
What if you and your family got in a car accident and sustained serious injuries? The cost of medical treatment can be excessively high, and a financial crisis is the last thing you want when you and your family are in the hospital. This is where a personal injury protection plan comes in.
In 12 states called “No-Fault” states, it is mandatory to have a personal injury protection plan. It is called “No-Fault” because this policy kicks in irrespective of whose fault the accident was. So you can claim the liability insurance of the other driver who’s at fault, but if the policy is lacking, your personal injury protection will kick in to cover the cost.
Here’s another wonderful thing about the personal injury protection plan that makes it even more desirable. Most personal injury protection plan comes with loss compensation. So if, due to the accident, you cannot go to work or run your business, all the lost wages will be covered by your personal injury protection policy. How wonderful is that? This policy ensures that your family does not come under a financial crunch during an already difficult period.
One of the worst scenarios you can put yourself in is a hit-and-run case where you get injured or your car gets damaged, but the driver at fault escapes. Since you can’t find the driver at fault, you cannot claim their liability insurance. So then, who pays for the repairs and medical treatments?
If you have health insurance or personal injury protection, the cost of medical treatments will be covered under that. Getting uninsured/underinsured motorist coverage would be a great way to cover the cost of repairs to your car and even medical treatments if the personal injury protection plan is not sufficient.
So that is how an auto insurance policy can make life easier for your family. Auto insurance is crucial to have if you drive a car, not just for you but for your family. S0, get yourself a great auto insurance policy and stay secured.