Why Is Car Insurance Mandatory?

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   David Osgood

   Agent, Rural Mutual Insurance Co., Union Grove, WI

   I believe the intent behind mandatory auto insurance is to help keep the costs of auto insurance at as low a rate as possible for all. The more people purchasing coverage typically the lessor the cost of the coverage. Also by requiring all licensed drivers to have insurance, it is more likely that you will not experience a devastating financial loss due to an accident as in theory everyone will have auto insurance.

   Answered on November 5, 2013

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