Car Insurance Information
It doesn’t matter if you own the car you drive or it belongs to someone else – car insurance is a must. Car insurance is required by law in order to legally drive a car on public roads. The car you’re driving must at least have liability car insurance or else you’re not in compliance with the law. If you’re stopped for any reason, and can’t provide proof of insurance, you could find yourself in jail or facing a large fine. It’s an even better idea to get the maximum amount of insurance you can afford.
This type of policy is mainly designed to protect other motorists against property damage and injuries for which you would be at fault. That’s why it’s in your best interest to have a policy. It will save you from paying huge out of pocket expenses should you cause an accident. Then if you choose, you can add coverage components that provide protection for your own vehicle regardless of fault.
Following an accident in which you’re involved, you’ll have to contact your insurance company. The details of the accident will be investigated, and the insurance company will determine your liability and compensate accordingly. You might have to pay a deductible, and after the insurance does its part, you might have an expense.
Liability is important coverage to have. That’s because liability is the least amount of coverage you can have and legally drive a vehicle. Liability provides payments for the damage that you cause to other property, and for any injuries for which you are at fault. If you choose, you can add collision coverage that pays for damage to your own vehicle as a result of a crash for which another driver’s insurance will not cover. Then there is comprehensive coverage, which pays for damage to your car that is the result of anything other than a crash. You can also speak to your insurance agent about additional forms of coverage.
Having liability car insurance helps you avoid financially disastrous out-of-pocket payments for an accident you cause. And when you also have collision and comprehensive coverage, another plus is the valuable protection it provides you for damages to your vehicle.