For a large number of car owners, having to pay for car insurance can seem like having a chunk taken out of your income without having any tangible benefit.
Of course, if you drive a vehicle, you’re required by law to have Compulsory Third Party Insurance, but there a fair few benefits to insuring your car beyond the basic requirements:
- Avoid Personal Liability
Most important is the fact that car insurance will protect you against any personal liability if you’re in an accident; if the accident is your fault, can you imagine the costs you would incur if someone was seriously injured or even killed?
This kind of incident can result in unimaginable settlement figures that could completely destroy your family financially and leave you with years of payments to meet.
What’s more, if you are the one at fault, you’ll likely be left to foot the bill for any repairs that need to be made to the other vehicle or property; what happens if the other car is written off and needs to be replaced?
- “But it Wasn’t My Fault!”
If you take the opposite situation where the other driver is at fault and you are the injured party, if you haven’t got insurance, you could be left with some significant medical bills. Suing the other person is always an option but they may be in a similar position to yourself and do you have the time or resources to file a legal claim against someone?
Also consider the cost of repairing or even replacing your vehicle, the same principle applies here also.
- Peace of Mind
Although this is not necessarily a tangible benefit, driving safe in the knowledge that you’ll be covered under all eventualities can provide you with great peace of mind; all it takes is one small mistake to bankrupt you and your family. Having a policy in place is a sure fire way of not having to worry about disaster scenarios, so you can become a more relaxed driver.
Of course, this doesn’t mean that having your car insured enables you to drive recklessly, but it can help you to become a more level-headed motorist.
Unless you are in a very comfortable financial situation and want to take the unnecessary risk, purchasing a car insurance policy is really a no-brainer: it will cover you in the event of an accident regardless of whose fault it is, and it will enable you to drive with more confidence and security.
Hopefully by now you understand the importance of car insurance, so now begins the decision of what level of coverage is right for you.
If you’re still not convinced that you will benefit from purchasing car insurance or you’re unsure which kind of policy is best-suited to your vehicle and driving habits, be sure to speak to an advisor at Bartons Hyundai; with over 66 years of motoring experience, they’re sure to provide all the answers you’re looking for.