Are you trying to decide whether to purchase car insurance coverage? 12.6 percent of adults in the United States are uninsured. While not paying for insurance may save you money at first, that’s not the case if you are in an accident.
Your insurance coverage can save you thousands of dollars when you are in an accident by covering property and general liability claims are made against your policy. Read on to learn how car insurance can save you money!
Coverage When It Counts
Did you know there are more than six million auto accidents in the United States each year? Drivers don’t plan for accidents, which can make these unexpected events stressful and expensive.
Insurance policies are in place to protect you against being held personally liable for another driver’s injuries or property damage after a car wreck. Think of your insurance coverage as a contract between you and the insurance company.
In exchange for a monthly premium, an insurance company agrees to protect you up to a certain dollar amount in the event of a crash. This coverage can have life-changing consequences for you and your family after a wreck.
Leverage Use of Qualified Professionals
Insurance companies have relationships with qualified professionals that the average person does not. As a policyholder, you will have access to leveraging the use of these pros can save you money.
For example, after a car accident, you may have property damage that needs to be repaired. Instead of taking your vehicle to a mechanic you don’t know, your insurance company will help find you the best one in their coverage region.
Instead of potentially having to take your vehicle to a mechanic multiple times for repair, you can have it done right the first time. This can help you get up and running, and back on the road sooner than later.
Paying For Legal Defense
There are more than 1.35 million lawyers around the country but your insurance company will find one suitable for your case. The insurance company that you pick has in-house counsel and outside law firms, they retain to represent you.
Depending on the severity of the claims made against you, litigation of your case may go on for many months or years. An attorney will defend your interests and represent you in court.
This cost savings can add up quickly for you and your loved ones. For example, if your attorney bills at $250 per hour and works 20 hours on your case in one week, you will save $4,000 out of pocket!
The Financial Benefits of Car Insurance
No one wants to be in a car accident at any point in the future. Even though you can never plan for a crash, the financial benefits of car insurance will be clear after one.
Are you interested in learning more about your car and business insurance options? Check out our blog post on the different types of insurance to learn more today!