Whether in the garage, on a parking lot, on a small street, or on the highway, your car is always at risk – from small and big impacts, shocks, natural disasters, breakdowns, theft, or other misfortunes. A much more important risk that comes with driving cars, is getting mildly, seriously, or even fatally injured.
Car insurance can protect you in case a vehicle accident ever occurs, and finding the right insurance company can make a huge difference. It’s a valuable investment that can save you from serious legal issues and financial losses, or even indirectly save your well-being or your life.
1. It’s Required by Law
Cars are useful and fun but they can also put people in grave danger. So, it’s not a surprise that, by law, each vehicle needs insurance. The obligatory vehicle insurance policy may differ according to the vehicle and the province where you are registering it but it offers minimum coverage. But not all policies are equal, and cheaper policies might have disadvantages.
For better protection, you should opt for a more favourable car insurance policy that offers better coverage, regardless of whether you were responsible for the accident or not. One option is to work with an insurance brokerage, such as Aha Insurance
, who will work with you to find the best possible solution for your specific needs.
With insurance, the rule is the more one pays for it, the more they can get if they are in an accident.
2. It Protects You (and Others)
Car accidents are not a joke, and nobody likes to think about them. When you are driving a lot depends on you, your ability to follow the rules, your attention, and your skills. However, even the most expensive or the most advanced car in the world isn’t completely infallible, and, more to the point, you don’t have control over other vehicles. Car insurance will protect you from spending a lot of money on repairs, medical bills, or lawsuits. But most importantly, it means that you would be able to get the necessary medical care in time.
Even the smallest accident can have awful consequences, and a car insurance policy is supposed to cover the driver’s or other passengers’ medical expenses both for bodily injuries and psychological trauma. Some examples of medical procedures that can be covered include tests and scans, surgeries, and so on. Some policies may also cover other expenses related to injuries or trauma, such as lost wages in case you can’t work due to the accident.
Car insurance also covers personal liability. So, in case you are responsible for a car accident, it can protect you financially in case of lawsuits for bodily injury or property damage. Furthermore, some policies may provide coverage for uninsured motorists, in case the other person involved in the accident isn’t insured.
It’s also important to mention that some insurance companies may also provide you with a lawyer in case you need legal help. They may even collaborate with good car workshops, which means that they may be able to take care of the damages to your vehicle.
3. It Protects Your Vehicle
Rear-end crashes, damage to parked cars, vandalism, and damaged windshield, are some of the most common car insurance claims. Depending on the policy you purchase, you may have to pay everything, a part of the expense, or nothing at all, in other words, if your car is damaged, the car insurance may cover the expenses entirely, only partially, or not at all (depending on the cause of the damage). The same goes for any other car involved in the accident. This is one of the reasons why it’s important to invest in the best coverage you can afford.
Make sure that you choose a reliable insurance company that will provide coverage regardless of whether you were responsible for the accident. Of course, accidents aren’t the only way your vehicle can be damaged. It can be damaged while it’s parked by fire, natural disasters, vandalism, and so on.
Also, your car insurance policy should include coverage for partial or total theft. This will mean that in case someone steals parts of your car or the car itself, you will be reimbursed almost for the total amount you spent on it.
Car insurance is much more than a simple law requirement. And while a policy that covers the minimum requirements is cheaper, you shouldn’t hesitate to invest a little bit more. A good car insurance policy should protect you in case your car is damaged due to an accident, due to other circumstances (such as hail, natural disasters, or vandalism), or as a result of a theft. They also provide coverage for medical expenses for you and your passengers.