Why you need to have vehicle insurance

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Why you need to have vehicle insurance

Your car is arguably the most important and valuable asset that you own. And this means that you need to ensure that it is taken care of and protected for every eventuality. Looking after your car means more than simply maintaining it, it means insuring it against accidents and damages that might occur during its lifetime.

When buying a car, you should look for comprehensive insurance options that include accident cover and service cover. This will allow you to claim for both minor and major accidents, without having to pay for it yourself. If you are not sure why you should get car insurance, read on below for just some of the reasons why it is important.


The damage is paid for

If you are in a car accident and damage another car, you will pay for all repairs, both yours and the other person’s. This can end up costing you quite a lot of money at the end of the day, which many people cannot afford.

Having comprehensive insurance for your car means that you will not have to pay for the damage out of your own pocket, but can claim from your insurer. You might have to pay some excess for the damages, but this is usually an affordable amount. Insuring your car is vital for your own safety and for saving you money in case of any accidents that could occur while you are driving. Emergency payouts will happen in 24 hours or 36 hours, depending on urgency.


Contacting other parties is easier

If you are in an accident that is not your fault, you will find that it is highly difficult to contact and deal with the other person if you do not have car insurance. But, if you have insured your vehicle, your insurance company will handle all claims and contact with the other party.

This means that you will be less stressed after an accident and can focus on handling any emotional and physical pain that was caused at the time. The person who has caused damage to your car will not be able to evade payment when dealing with an insurance company. This means that you will not have to worry about not being able to fix your car or about having to pay for repairs with your own money, especially if you opt for third-party, fire and theft features.


Stolen cars can be replaced

We all dread it. Coming out of a shopping centre after getting groceries to see that your car has been stolen. Or walking out of your front door, ready for work, to find that your car has been taken can be devastating.

Not having insurance will mean that you have to search for a new car on your own, which can be difficult. But if you have chosen the theft feature on your insurance, you will be given money from your claim to buy a new car, or you can choose the car hire option to use while you look for a new one. Be sure to read over the terms and conditions for this add-on before you decide to sign up for it. During this stressful time, you will not have to worry about gathering the funds for a new car which makes insurance a vital part of car ownership.


You need it to buy a car

Many first-time car buyers do not realise that if they have applied for car finance, they need insurance to buy a car. If you do not have insurance in place, your lender will not grant you the funds to buy your dream red sports convertible.

You need to have insurance in place before you make a purchase, but it is easier to look for insurance once you know exactly which car you want. This is because car insurance premiums take into account the make, model and age of the car in order to achieve a correct calculation. Once you have found your dream car, you can apply for vehicle insurance and let your lender know that you have completed this step.


Help in case of a breakdown

At some point in our lives, we have all experienced a breakdown. Whether we were at the side of the road or in the middle of a highway, we have all had to call for help. And with comprehensive car insurance, you will receive roadside assistance, which can help immensely in times of distress.

This roadside assistance offers more than just help during a breakdown. If you have a flat tyre or if your petrol has been depleted, you can call the relevant number and you will be helped as soon as possible. This is very helpful for those times when you are going on a long road trip or if you travel on bad roads on a regular basis.

Be sure to choose the roadside assistance option when looking at insurance and ask if there are any extra fees for this service. You will have peace of mind that your car and your wallet will be well-taken-care-of.

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