Today, there is a huge number of vehicle owners globally. Due to this increase in road users, taking a car insurance policy is a wise decision. This is because even the most experienced driver is sharing the road with newbies and other careless drivers. Suffice to say, no one is confidently accident proof. Therefore, it is important to take a comprehensive insurance cover from a reliable insurer.
The Necessity of Car Insurance
It is a legal requirement to take out insurance on all vehicles owned and operated by individuals. This provides cover to not only the driver but also other passengers and pedestrians that may be affected by an accident. Driving without insurance is illegal and perpetrators risk facing hefty fines and penalty points as well as having their driving licenses revoked. In addition, the police have the right to impound any vehicle without a valid insurance cover.
Insurance covers the expenses of the owner in the event an accident occurs causing vehicle damage, injuries to civilians and passengers as well as death. The average expense of property damage in America is about $9,300. Average expense for accidents with disabling injuries is over $80,700. This is a huge financial burden to bear alone.
Types of Free Online Auto Insurance Quote
1. Third Party
This is the minimum coverage that is required by law. It covers all injuries sustained by other people as well as their property in the occurrence of an accident.
2. Third Party, Fire and Theft
This policy is similar to third party but also includes coverage of repair or replacement costs if the vehicle is damaged by fire or stolen.
This cover protects against any damage to the owner’s vehicle and also accidents that involve other people. This means that it covers any third party injuries as well as property damaged.
Importance of Car Insurance
It allows vehicle owners to save a lot of money if an accident occurs. Since even the best drivers are prone to accidents, the occurrence of this unexpected event can cause a huge dent in your wallet. Insurance protects vehicle owners from these unexpected expenses and any liability suits that may follow.
Taking out insurance provides the owner with peace of mind. Given that many road users are very unpredictable, it is important to ensure that your vehicle and wallet is protected in case of an accident. In addition, insurance protects people from uninsured drivers and vehicle owners.
Insurance saves people a lot of time and inconvenience when accidents occur. The insurance company usually handles all post-accident processes. This includes the claims process, finding a repair shop, liaising with the insurer of another driver and settling claims.
Today, car insurance is useful for more than the coverage it provides during an accident. Car policies have other useful extra services and coverage like rental car coverage and roadside assistance that increase the total value of the policy. In some cases, it supplements health insurance. This often happens when one is not sufficiently covered by their health insurance, but has a reliable comprehensive cover. This covers dental work, extended nursing care and funeral costs.