Car insurance could be expensive, but not having it could be costly. According to a new report from the Insurance Research Council, about 1 in 7 drivers are uninsured in the United States.
That is approximately 14 percent of motorists. If you have just bought a new car or electric vehicle, you must be wondering whether you should get insurance or not. Perhaps, you could not afford a new car and a used one is your option. So, why should Americans get car insurance?
More than 5 reasons to get car insurance in the U.S. before 2025
Obviously, the main reason to get car insurance is because it is the law in almost all States. Imagine you have an accident, so the coverage you have hired will pay for the eligible expenses and losses.
Do not forget to know the mandatory coverage in your State. In some places, you must have personal injury protection and uninsured motorist coverage too.
Another reason why you may want to get insurance for you vehicle is because it will offer you financial protection. Legal fees, medical expenses for the person you injured. Otherwise, you may have to get a loan if you cannot afford it and get into financial difficulties.
Fixing your car after an accident can be costly without car insurance
Comprehensive coverage and collision coverage could help you pay the cost of repairs. In this way, you will save money in case you have a car crash and you are at fault.
Sometimes these additional coverage offers protection in case of having your car stolen, or if it is damaged by hail in a storm. Have you thought about the passengers you are traveling with?
If you have no car insurance, you will not protect the passengers either. Medical payments can be costly, so here is another important reason to get it. Two final reasons are to protect yourself and to forget about any worries if an accident ever happens. Lenders and leasing agents may ask you to get it too, so do not forget about it!
