It may be pricey to have car insurance, but not having it may also be pricey. A new study from the Insurance Research Council says that in the United States, about 1 in 7 drivers do not have insurance.
About 14% of drivers fall into this group. People who just got a new car or electric car may be wondering if they should get insurance or not. You might not be able to buy a brand-new car, so a used one might be a better choice. So, why should people in the US get car insurance?
More than 5 reasons to get car insurance in the U.S. before 2025
In most states, you have to have car insurance by law. This is the main reason to get it. Let’s say you get into an accident. The insurance you bought will cover the costs and losses that are covered.
Don’t forget to find out what kind of security your state requires. There are places where you have to have both personal injury protection and uninsured driver coverage.
Auto insurance can also protect you financially, which is another reason you might want to get it. legal fees and hospital bills for the person you hurt. If you don’t, you might need to get a loan if you can’t pay for it and run into money problems.
Fixing your car after an accident can be costly without car insurance
In case your car needs fixes, collision and comprehensive coverage might help pay for them. So, if you are at blame in a car accident, you will save money this way.
Many times, this extra coverage will protect you if your car is stolen or damaged by hail during a storm. Have you thought about the people who are going with you?
If you don’t have car insurance, you won’t protect the people inside your car either. This is another important reason to get it: medical payments can be pricey. Finally, you should do this to keep yourself safe and to stop worrying about what will happen if something does go wrong. Lenders and rental providers may also ask you to get it, so don’t forget!
Also See:- Social Security update: VA survivor benefits you could claim in 2024