Beyond the Law: 3 More Reasons Why You Need Auto Insurance

Why should you have auto insurance Palm Coast FL? Of course, it’s the law, and penalties for violating this law in Florida can include hefty fines along with the requirement to file an SR-22 form to show proof of financial responsibility. But beyond the law, there are other clear reasons why you should carry auto insurance.

Beyond the Law 3 More Reasons Why You Need Auto Insurance

To Protect Your Assets

Not only is your car expensive to repair, accidents causing injuries can be financially crippling, even devastating. Without auto insurance in Palm Coast, FL, you are effectively risking everything you have. According to the National Safety Council, the average cost of a car crash in 2017 ranged from $4,400 when there were no injuries to $1,615,000 when a death was involved. There’s a certain logic in paying a little premium now to safeguard your life savings later. Your auto insurance can even supplement your health insurance if its coverage is insufficient.

To Protect You From Other Motorists

According to Statista, there were approximately 222 million licensed drivers in the U.S. in 2016. The Insurance Research Council estimates that one in eight drivers were uninsured in 2015. Your car insurance typically includes uninsured motorist coverage to help you recover costs if you are in an accident with a driver who cannot pay. Without this coverage, you would have little hope of recovering damages.

To Expedite the Repair Process When Accidents Happen

The expertise your insurer brings to the table can streamline the claim and repair process and minimize the time your car is out of commission. Your insurer will have a relationship with quality car repair shops and can help you choose the right one for you. Policies also offer car rental reimbursement to help you pay for the cost of renting a car while yours is being repaired.

It can be tempting to avoid paying insurance premiums that on the surface might seem expensive. However, understanding the risks can help you see the true value of having auto insurance.

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Beyond the Law: 3 More Reasons Why You Need Auto Insurance
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