Auto insurance is one of those topics that can cause you to groan a little.
Even though you know it’s something you need to have, it seems too complicated.
The truth is, if you have a young family, older children, you’re single or anywhere in-between, car insurance is something you need to learn about.
You’re in luck. Here are three questions you probably have – with the answers you need.
To put it most simply, you need a safety net if you were involved in an accident and that’s what your car insurance will provide.
If you have a car accident, you’ll probably end up needing some kind of repair work – if you don’t have to totally replace the vehicle. Your automobile insurance will help to cover those costs, as well as any medical bills that are a result of the incident.
You’ll have the peace of mind that you’re protected, whether you’re at fault or if the other driver involved doesn’t have their own insurance.
One of the reasons is that it’s illegal to drive without it and you could face stiff fines.
That certainly isn’t the only reason you need to have coverage, though.
Cars are costly and so is medical treatment.
And, unfortunately, accidents do happen, despite your best efforts to prevent them.
The repercussions of experiencing an accident without insurance coverage can be financially devastating.
Most people don’t even consider the threat of lost employment if their vehicle is damaged or totaled and they can’t afford repairs or a replacement.
That’s not all, however.
Consider what your automobile insurance policy will cover.
While you’re legally bound to have automobile coverage, the amount you’re required to have can vary and each state has their own minimum requirements.
This is where a lot of the confusion surrounding auto insurance comes from, so here’s a breakdown to help you out.
Automobile insurance is required coverage and the financial repercussions of failing to secure coverage can be catastrophic to a young family.
Remember that you do have options – even within what’s required.
What’s your biggest question about auto insurance?