
Although costly, car insurance makes sense. Even if you don’t want to carry the type of insurance that will fix your car if it gets banged up, having insurance to pay for injuries is a no-brainer.
Many people don’t carry insurance. Some are lazy, some are opposed to the idea, but many can’t afford the premiums. But what’s really costly is getting in an accident and not having insurance.
It’s against the law to drive without insurance, so you will get a fine and your license could be suspended. You’ll have to pay for your car repairs and perhaps medical bills.
What’s more, and what people always realize, is that when the other driver has insurance, specifically what’s called uninsured motorist coverage, it doesn’t mean you’re off the hook. Their uninsured motorist insurance will cover their medical bills, pain and suffering, etc. Many policies are up to $100,000.
But, after paying for the other driver’s expenses, the insurance company is going to come after you. They want their money back. They can sue you, garnish your wages and tax returns, and even get the Secretary of State to suspend your license until you pay. And driving on a suspended license is a pretty serious offense in itself.
Insurance may seem too expensive, but if you don’t have it, you’re taking a big risk every time you get behind the wheel.
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