Why Is Car Insurance Important?

Do You Have to Have Car Insurance?
Yes, car insurance is required for drivers in almost every state. It is not a requirement in New Hampshire for drivers to buy car insurance, but drivers there do need to show proof that they can afford to pay the cost of an accident if it’s their fault. Most drivers have car insurance because it is the law, but that doesn’t mean you should only buy the minimum required coverage. There are many reasons to buy car insurance.

  1. Pay Now and Save Later – Car insurance can help protect you and your family from huge expenses. By investing a small amount now in your own protection, you can help avoid costly expenses in the future. Coverages such as collision, comprehensive, property liability and bodily injury liability can help cover the costs of expensive claims if an accident happens.
  2. Protect Yourself and Others – The right car insurance can help protect you, your family members, your passengers and other drivers. If an accident happens, you want to know you have the right coverage to take care of any property or bodily injury costs that may arise. Get a car insurance quote online or speak with an agent today to learn how you can help protect yourself and your family.
  3. Save Time and Hassle – The fallout from a car accident can be incredibly time-consuming and tedious. With appropriate coverage, you can avoid negotiating with other drivers and property owners involved in the accident and managing the costs of repairing or replacing your vehicle. Great auto insurance can help handle a lot of these headaches. A good auto insurance policy can help with vehicle towing, repairs and replacements and covering the costs of damages to other drivers. Once you make a car insurance claim, the insurance company can help manage the process and support you through it.
  4. Peace of Mind – Everyone makes mistakes. But sometimes another driver’s mistake can become your problem. With the right type of car insurance you can feel confident that you’re protected if an uninsured or underinsured driver hits you.
  5. Supplement Your Health Insurance – Car insurance may be able to help you pay for medical expenses that health insurance normally won’t cover. A good car insurance policy can help cover expenses such as dental work and medical treatments required as the result of an auto accident.

Do I Need Collision and Comprehensive Coverage on My Car?
Collision and Comprehensive Coverage are not required in all states. If your car is older and its market value is low, it may not be worth it to buy these coverages. Determine how much you can afford to spend out-of-pocket if your car is damaged and what coverage will cost before deciding whether it is worth buying to protect your car.
Collision Coverage helps pay for damage done to your car in the event of a car accident. This coverage applies regardless of who is at fault in the accident. For example, your car gets rear-ended while you are driving in stop and go traffic. Collision Insurance can help cover the costs to repair your damaged rear bumper. Let’s say the situation is reversed and you are the one who hits someone from behind. Collision Insurance can help pay for the cost to repair your damaged front-end.
Comprehensive Coverage helps pay for damages done to your car in non-collision accidents. These can include damage due to natural disasters, vandalism and theft. For example, heavy winds take down some tree branches in your yard. One of the tree branches falls on your car and dents the roof. Comprehensive Coverage can help pay for the cost to repair your roof.
Is Car Insurance Important If Someone Borrows My Car?
Yes, car insurance is important if someone borrows your car. Typically, the car insurance policy follows the car that it is covering. So if you lend your car to a friend, typically, your auto insurance would cover most of the claims that could happen while your friend is driving your car.

Is Car Insurance Important for Drivers Home for the Holidays?
Yes, car insurance is important for drivers who come home for the holidays and will be driving. You should keep your kids on your insurance policy when they go away to college, even if they won’t have a car with them. They will probably want to use your car when they come home for holidays and vacations – and you’ll want to be sure that they have the right level of coverage when driving your or any other car.
This includes while they’re at school, where they may be asked to drive an underinsured friend’s car. If an accident happens, you want to make they’re covered, no matter whose car they’re driving.
Is the Car I Drive Important to Lower My Insurance Premiums?
Yes, the car you drive affects the cost of your insurance premiums. Certain cars may help lower your car insurance costs and others may raise your premiums. There are several factors about your car that can affect your auto insurance premiums. The following are not the only factors that determine what you’ll pay for car insurance, but they are important to consider.
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