Why Do I Have To Have Auto Insurance?
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasGreat question! It is a very common question- why do I need insurance? The purpose of insurance is to protect against risk. To help provide the money that would be needed to replace or repair the vehicles, and to provide for personal or property damages that might be incurred. You need the insurance, to protect yourself first, and to protect the other driver that you may hit. Cars are expensive to repair, and lives are irreplaceable. Even if you haven't had an accident in years, I'm guessing that the minute that you do, you will be very happy that you had it. If you would like to discuss this more, please feel free to contact me, I'm happy to help. Thanks for asking!Answered on April 30, 2014flag this answer
14231 POINTSview profileTom SheehanAgency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482There are a couple of reasons behind compelling us to have auto insurance. The first is legal. In most states these days, Connecticut included, one must have auto insurance in order to register a car and operate that car on public roads and highways. That is a pretty compelling reason in and of itself. Further, though, if you purchase a new car and have an auto loan or if you lease your car, the finance companies will also require that you have and maintain auto insurance as a condition of the loan or lease.Answered on April 30, 2014flag this answer
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaAuto insurance is required in most states. However, thousands of drivers drive without insurance. The uninsured motorist premium on an auto policy indicates the magnitude of that problem. Auto insurance is the mark of a good citizen. Are you concerned about someone injured as result of your negligence? Those injured will seek damages in court. How will you handle that? If your car is damaged in an accident what will you drive?Answered on April 30, 2014flag this answer
Did you find these answers helpful?
Yes
No
Go!
Add Your Answer To This Question
You must be logged in to add your answer.
.JPG){kind=avatar}
