Car insurance is something that virtually everyone has to have. There are some exceptions, but for the most part, if you get caught driving without it, you can be in a lot of trouble. There are many states that will not allow you to register a vehicle unless you can prove that you have current insurance on that vehicle.
If you lease or finance a new or used automobile, you have to have full coverage on the car or truck. However, those that own a car or truck outright can choose what they want, and some go with liability insurance only. Choosing liability insurance is usually pretty cheap, but it's not always a good idea.
Most car insurance policies automatically have liability insurance enclosed in them. This is used when you are responsible for an accident or any damage to car or even life.
This is the very least amount of insurance you get by with. Without this, you would have to pay for all types of damage right out of your own pocket. If you have the liability insurance, your insurance company has to pay, though you may have a deductible that you must pay on your own. It really depends on your policy and your insurance company.
If you opt to purchase liability insurance only, you will not be able to recuperate any money if someone else induces harm to your car or truck. why all rights the other person should have liability insurance as well, and if they do then the money to fix your car will come from their insurance company. Nonetheless, you never know what is going on with anyone on the road, and some do drive without insurance. If that individual were to be involved in an accident with you, you may be out of luck.
You can sue them, of course, but if they don't have enough money to buy the insurance for liability, they in all probability will never pay any judgment against them.
It is always wise to have full coverage insurance on any car, but there are times when this is too costly. Those just starting in life may only have this bare minimum coverage, but chances are they also have a car that is not worth very much. As they get older though, and become more able to afford higher-priced cars, it is sound wisdom to have more than just your standard liability insurance. As with home and life insurance, it is always good to keep in mind the unknown and to understand you never know what will happen.
Get as much insurance as you can, and you will be glad that you did.
If you lease or finance a new or used automobile, you have to have full coverage on the car or truck. However, those that own a car or truck outright can choose what they want, and some go with liability insurance only. Choosing liability insurance is usually pretty cheap, but it's not always a good idea.
Most car insurance policies automatically have liability insurance enclosed in them. This is used when you are responsible for an accident or any damage to car or even life.
This is the very least amount of insurance you get by with. Without this, you would have to pay for all types of damage right out of your own pocket. If you have the liability insurance, your insurance company has to pay, though you may have a deductible that you must pay on your own. It really depends on your policy and your insurance company.
If you opt to purchase liability insurance only, you will not be able to recuperate any money if someone else induces harm to your car or truck. why all rights the other person should have liability insurance as well, and if they do then the money to fix your car will come from their insurance company. Nonetheless, you never know what is going on with anyone on the road, and some do drive without insurance. If that individual were to be involved in an accident with you, you may be out of luck.
You can sue them, of course, but if they don't have enough money to buy the insurance for liability, they in all probability will never pay any judgment against them.
It is always wise to have full coverage insurance on any car, but there are times when this is too costly. Those just starting in life may only have this bare minimum coverage, but chances are they also have a car that is not worth very much. As they get older though, and become more able to afford higher-priced cars, it is sound wisdom to have more than just your standard liability insurance. As with home and life insurance, it is always good to keep in mind the unknown and to understand you never know what will happen.
Get as much insurance as you can, and you will be glad that you did.
About the Author:
This piece was penned by Frank Froggatt, an expert on car insurance. If you would like more FREE information on car insurance comparisons then visit my website at www.pricecomparisoncarinsurance.com
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