The Importance of Car Insurance

Car key and insurance policyIf you’re new to car ownership, you may be wondering what car insurance is for. Its high costs are also another source of concern for many car owners. But car insurance has a purpose and is not a scam created by insurance companies. For one, it can help you out of a tight situation should you find yourself involved in a car accident.

What Makes It Important?

In the event of a car accident, your auto insurance in Aurora can help cover the expenses of fixing the damages of your vehicle, treating your injuries, and even the injuries sustained by the other driver or pedestrians involved in the incident.

Insurance also protects you against being sued for the damages. And depending on your coverage, it gives you financial support should your car get vandalized, stolen, or damaged.

Common Types of Car Insurance

You don’t necessarily have to get them all, but you do need to have at least the most minimum coverage. Some of the most common coverage are the following:

  • Liability insurance
  • Collision coverage
  • Comprehensive coverage
  • Personal injury protection
  • Uninsured /Underinsured Motorist Protection

Car Insurance Coverage Extras

Aside from the five listed above, you can add more coverage to your car insurance policy. Car insurance companies over a variety of coverage that you can choose from that will best suit your needs. Some of these include:

  • Rental insurance
  • Gap insurance
  • Roadside assistance
  • OEM endorsement
  • Accident forgiveness
  • Minor violation forgiveness
  • Custom equipment

At the very least, you should have the minimum liability and property damage coverage of your state to keep you legal to drive. If you’re caught without car insurance, you risk having your driver’s license confiscated. You’ll also face penalties and fines for driving without one, which includes the expenses related to the accident you caused.