Auto insurance is ubiquitous in the United States, mainly because state laws require it. There are, however, many good reasons to carry coverage. Here are some of the main benefits of insuring your car.
- Car insurance protects you from financial ruin. While many people focus on insurance’s ability to pay for injuries to drivers, a bigger benefit may be the fact that it pays for damages a driver inflicts. Since one collision with a pedestrian can result in the pedestrian having hundreds of thousands of dollars worth of medical bills, it is essential to have protection against the cost of this kind of liability.
- Auto insurance can replace a stolen car. If a new or semi-new car is stolen, it would cost a lot of money to replace it. Auto Insurance Puyallup makes it so these unfortunate events don’t send you onto the bus or force you to put on your walking shoes. While it is common for people to insure cars against theft while the cars are still being paid for, this coverage is much less popular among those who have paid off their vehicle loans. If your car is paid off but is still worth a decent amount of money, it’s a good idea to retain the coverage.
- Car insurance can cover the cost of damages to the car. An accident, whether it involves another car or something like a tree falling on your car’s roof, can cause expensive damages. By having insurance, you can relax knowing that you won’t have to look at that huge dent forever.
- Car insurance is required by law. While the type of coverage you need varies by state, you will need some no matter which one you’re living in. If you want to keep your Auto Insurance Puyallup bill low, just stick with what your department of motor vehicles says you have to have. Even if you’re on a budget, there is one addition to minimum coverage you should almost sure add: uninsured motorist coverage. It pays for damages caused to you by people who have ignored the law and failed to carry insurance of their own.
With these things in mind, you should have a good idea of what kinds of insurance are available. Choose according to your budget and the value of your car to find the package that best fits your needs.