Car insurance provides variety of major benefits, the best one being economic safety for the people. In a society with recession most of us live paycheck to paycheck, having no room to save money for the uncertainties that might occur in the future nor for the emergency situations that cost lot of money.
Unfortunately, car accidents are the kind of unexpected emergency situations that occur in most our lives and easily drain a bank account. Even if you do not sustain any major injury the cost for paying the bills for the repairs done run in thousands of dollars.
For these reasons car insurance is must and can be availed by just paying a monthly fee which is known before and also within your budget.
In USA car insurance is mandatory. A car insurance policy will give you the following benefits.
If car accident is not the fault of driver, medical costs and auto repair are paid by the other driver’s auto insurance
Car insurance coverage extends to guest drivers.
It comes to the rescue in cases of keys locked in car, flat tire, dead battery, and out of gas which is otherwise known as roadside assistance.
If auto accident is the fault of driver, all legal costs are covered as well as costs to repair other driver’s vehicle and his or her medical expenses (liability auto insurance)
The deductible for collision coverage is waived when the crash involves two cars insured by the same company.
Bail bond premiums for traffic-related violations.
Payment up to a specified amount for wages lost during court testimony regarding a crash.
Additional coverage for medical payments.
Coverage for towing and labor if car is disabled and cannot be driven
Timely protection in the events of theft, vandalism, animal strikes, fallen trees, hail and windshield cracking.
Coverage for damage to personal property inside the vehicle such as luggage or clothing
Driver and passengers are covered for medical, lost wages, and household expenses regardless of fault (personal injury protection)
Stereo equipment damaged in a crash may be covered up to a specified amount if the primary control unit is installed in areas specified by the insurance company.
You can avail these benefits by asking your car insurance agent for assistance, who will help you. He will be able to give you a list of car insurance saving tips that you can follow to take the maximum advantage of a lower car insurance monthly premium.