Why Auto Insurance Is A Must Have
Does any know the real purpose of having auto insurance and why its illegal to drive a car without it? Another thing, why is it so expensive? Im sure you think it only covers you in case of an accident thats not your fault. Just read up and you will see that there are many things auto insurance does that you have no idea about. I bet you didnt know you can be covered for health care, property damage to almost any car on the streets, and if you have a good company they will cover rental properties and emergency assistance.
Besides the insurance related to collisions and accident, comprehensive coverage can also protect against other unexpected events. These events vary by insurer and of course by policy, but often will cover acts of mischief, vandalism, flood and theft. The purpose of this type of coverage is usually to not only insure the motorist of receiving adequate monies in a time of loss, but also can assure banks with a sound investment when lending money. Many banks will hold a standard of auto insurance on a car loan so that even if a lendee loses the vehicle in an accident or unexpected emergency, the cost of the damages to the vehicle, even if the emergency involves things other than just other motorists.
Auto insurance also has a very controversial coverage known as GAP. This type of insurance covers things that most insurers dont do. This type of coverage will pay the lender the difference of the loan, even if the consumer owes more than the car is worth and the damage to the car exceeds its value.
Did you know that you can even be covered if you have a run in with an uninsured motorist? Many dont know this, but there is a special fee know as the uninsured fee that will cover you if you have this type of run in. Im sure you feel more secure now that you know you will be able to pay for damges to your car even if you have an accident with an uninsured motorist.
Auto insurance extends its reach to everyday buisness as well, protecting buisness owners from statistics that would sometimes seem too grim to venture off into. Drivers for trucking companies, delivery companies and other transportation based businesses rely on auto insurance to make sure their job will be worth doing even with the high rate of accidents we have today.
Its no secret that auto insurance is expensive. One way to bring down the price of insurance is by being a good driver. Next time you find yourself all alone and think about speeding, dont do it unless you want to pay extra money for your insurance. The insurance companies reward those of us who drive in a responsible manner and discourage the more aggressive driving out there.
The elimination of overspending on cars is another thing auto insurance does. Knowing that you cant afford to pay the monthly bill for these cars, causes you to not go out and buy these cars. New drivers today are more likely to go for the less expensive car. The price of auto insurance is determined by many different things like safety rating and make and model of a car. So for the drivers that just want a really fast car, they are hit with a sot of reality check.
In conclusion, auto insurance servers many purposes in specific instances. The most important fact is that auto insurance allows us to operate a vehicle on a normal basis without wondering how we will pay for our vehicle if an emergency arises, and how we will pay for hospital bills if need be. Auto insurance can give motorists peace of mind, although it will sometimes be at quite a novel price. - 21392
Besides the insurance related to collisions and accident, comprehensive coverage can also protect against other unexpected events. These events vary by insurer and of course by policy, but often will cover acts of mischief, vandalism, flood and theft. The purpose of this type of coverage is usually to not only insure the motorist of receiving adequate monies in a time of loss, but also can assure banks with a sound investment when lending money. Many banks will hold a standard of auto insurance on a car loan so that even if a lendee loses the vehicle in an accident or unexpected emergency, the cost of the damages to the vehicle, even if the emergency involves things other than just other motorists.
Auto insurance also has a very controversial coverage known as GAP. This type of insurance covers things that most insurers dont do. This type of coverage will pay the lender the difference of the loan, even if the consumer owes more than the car is worth and the damage to the car exceeds its value.
Did you know that you can even be covered if you have a run in with an uninsured motorist? Many dont know this, but there is a special fee know as the uninsured fee that will cover you if you have this type of run in. Im sure you feel more secure now that you know you will be able to pay for damges to your car even if you have an accident with an uninsured motorist.
Auto insurance extends its reach to everyday buisness as well, protecting buisness owners from statistics that would sometimes seem too grim to venture off into. Drivers for trucking companies, delivery companies and other transportation based businesses rely on auto insurance to make sure their job will be worth doing even with the high rate of accidents we have today.
Its no secret that auto insurance is expensive. One way to bring down the price of insurance is by being a good driver. Next time you find yourself all alone and think about speeding, dont do it unless you want to pay extra money for your insurance. The insurance companies reward those of us who drive in a responsible manner and discourage the more aggressive driving out there.
The elimination of overspending on cars is another thing auto insurance does. Knowing that you cant afford to pay the monthly bill for these cars, causes you to not go out and buy these cars. New drivers today are more likely to go for the less expensive car. The price of auto insurance is determined by many different things like safety rating and make and model of a car. So for the drivers that just want a really fast car, they are hit with a sot of reality check.
In conclusion, auto insurance servers many purposes in specific instances. The most important fact is that auto insurance allows us to operate a vehicle on a normal basis without wondering how we will pay for our vehicle if an emergency arises, and how we will pay for hospital bills if need be. Auto insurance can give motorists peace of mind, although it will sometimes be at quite a novel price. - 21392
About the Author:
Before you get an auto insurance quote online, make sure you check out Jerry Dodd's excellent site on auto insurance and universal life insurance quote.
posted by X - Men @ 5:16 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home