Car insurance may be mandatory, but is it really necessary? Roughly 1 in 7 drivers forgo it altogether, and unfortunately for that 1 in 7, the perks of reliable insurance reveal themselves only when you need it most. If you still think you don't need car insurance think about the loss of driving privilages and heavy fines for not keeping your vehicle covered while driving on public roads.
An accident is more than an inconvenience. After all, the average property damage cost of a car accident in 2010, according to the National Safety Council, was $8,900. And that's not including accidents that cause disabling injuries, which averaged out to $70,200 per crash.
If you're in an automobile accident, regardless of who is at fault, collision insurance provides protection to replace or repair your vehicle, subject to a deductible.
In the event of hail damage or a tree limb falling on your car (risks not involving an automobile collision), this coverage insures you. Comprehensive coverage pays to repair your vehicle, subject to a separate deductible.
Personal Injury Protection:
This type of insurance coverage is for medical and other expenses resulting from an automobile accident for the people specified in the policy, regardless of who is at fault in the accident.
Bodily Injury and Property Damage Liability Coverage:
The insurer agrees to pay damages if you injure someone or his property in an auto accident.
Uninsured or Under Insured Motorist Liability Coverage:
If you're in an accident with another driver who doesn't carry any or enough liability coverage, uninsured or under insured motorist liability coverage allows you to collect damages that you personally experience from the accident.