Oh! Its time to renew the auto insurance once again. But what happened to money I paid last year? I did not get anything in return of the amount I paid to auto insurance company. Is auto insurance company money making scam; which just instil fear in my mind & loot money from me? Paying an amount on regular basis for something which I actually not used seems a fooling myself in broad day light. If these are the questions coming to your mind for auto insurance policy renewal or buying new auto insurance policy, this article is for you.
First be known to the fact that nothing is more precious than you on this planet, because if you exist, everything around you exists, for you.
plays a crucial role in protecting consumers from the financial losses that car accidents can cause, and that losses from property damage, medical bills, legal fees and lost income add up to billions of dollars every year.
Accidents happen
Its a common phrase for good reasons “Accidents happen”. A simple google search can tell you about accident statistics almost in all countries that accidents actually happen. They happen to the tune of million dollar damage in terms of property & medical bills. It’s just a matter of saying thanks to god that you were not among them & that’s why you did not require using your auto insurance policy. Sometimes, the idea strikes to our mind that my driving is perfect & l can never meet an accident. Perfect! You are a perfect driver but what to those who are not & driving on the same road. Imperfect drivers can come throw a challenge to check your confidence of driving.
There is another side also to think for car insurance. What if your car or motorbike is stolen or wrecked? You are at double loss, one you lost your car & second you need to shell out money from your pocket to buy a new one. Car insurance companies are there to provide the necessary financial backup to buy a new car at that time.
Pay a little to save more
By going through above para its clear that accidents happen & if it happens than its going to come with lot of inconvenience & financial losses. Aside from the financial loss because of car damage, a car insurance saves you from the financial liability lawsuit to be followed. You would realize at that time that car insurance companies are not money making scam but an angel in disguise. Car insurance policy pays you for the repair of the car; some policies cover a bit medical bills also. So its worthy to buy an car insurance so that each time you take out your expansive machine out of spin, you can be at the piece of mind.
Its mandatory, Its law
Most of the countries have car insurance as mandatory. At least a minimum car insurance like third party coverage is mandatory to have according to law. So if you do not have the minimum car insurance, traffic police inspector is there for you on the road & a heavy fine is awaiting you. A fine not only includes finance but your driving license can also be impounded disabling you to drive further on the road.
Need a car insurance quote
So with all, a car insurance have on offer, why wait any longer to get it renewed or buy a new one. Browse through different auto insurance companies website & compare their rates. There are websites which shows comparisons of different car insurance companies. Make a proper study & take a well informed decision.
Happy driving
