Car insurance payments can be stressing to pay, especially when you are new into driving or have never filed any claim. The feeling of paying the hefty amounts without getting anything in return can be frustrating.
Getting car insurance should not feel like a scam. Furthermore, if you feel pressed with the payments, you can get cheap car insurance services with iSelect.
In this article, we are going to alleviate these concerns and discuss the importance of car insurance.
- Gives you financial protection
There is a possibility that you will never file a claim if you never have an accident. However, it is better to be safe than sorry.
In this digitalized world we are currently in, cars are becoming a basic need. As such, there is a likelihood of suffering an accident at least once in a lifetime, of which, the consequences can be fatal. Statistics state that more than 30,000 people die from car accidents every year and another 2 million people who survive suffer injuries.
If you happen to be involved in an accident without an insurance cover, you will be required to pay for the damages if you are the at-fault party.
There are various insurance covers you can take. Some will cover you, your vehicle and the person you hit while third-party insurance will only cover the person you hit.
- It caters for physical damage
Depending on the insurance you go for, some ill cater to the damages your car suffers in the event of an accident.
Damaged vehicles can cost a fortune. This is the reason why it is imperative to take care of this possession.
Before you take an insurance coverage for your car, you have to have a comprehensive understanding of what it covered and what is not. When you take a comprehensive cover, it will cover various other things apart from motor accidents. Fire, vandalism, theft, floods, and storm damage are some of the catastrophes comprehensive insurance will cover. It also helps a great deal in getting roadside assistance.
On the other hand, collision coverage will protect your car from accidents. This is not only coverage for motor collisions but also collisions with trees, electricity posts as well as other innate objects. Collision coverage often takes effect when you are the one at fault or do not know who caused the damages to your motor vehicle.
It is also good to note that car insurance will rarely cover mechanical issues; unless they were caused by caused by factors such as fire, vandalism or collision. The day to day tear and wear is not something your insurance company is willing to deal with.
Car insurance is meant only for sudden accidental occurrences and not for auto maintenance. Mechanical repairs are sorted by you or your warranty if you have one.
As stated earlier, it is imperative that a car owner have an insurance coverage. Different states have their own set of rules and regulations to deal with people who drive around without car insurance.