Some car owners fail to understand why auto insurance is mandatory yet other sensitive insurance policies such as health insurance are not. Auto insurance is mandatory in nearly all states. In other words, every driver is legally required to carry auto insurance. Your auto insurance from The Shay Agency protects you financially in the event that you cause injuries to others or damage to their properties in a car accident. The insurance policy also provides the protection if you are injured or your car is damaged in an accident. At the bare minimum, you need a car insurance policy that pays for the other party’s injuries or damages.
Why is it mandatory?
In order to understand why auto insurance is considered compulsory in Wilkes-Barre, PA, it is important to understand why health insurance is not mandatory. Health insurance is designed to help you and your loved ones pay for a portion of your medical bills. It doesn’t take care of your neighbors. The early proponents of making auto insurance mandatory reasonably argued that car owners who are determined to be at fault in the event of an accident may cause damage to property and bodily injury to others but fail to compensate them for their losses and medical bills due to their own financial constraints.
If drivers who cause car accidents were to be allowed to walk away without being held responsible for their mistakes, it can eventually hurt the country’s economy or result in violence. Therefore, an auto insurance policy is designed to protect the financial and medical interests of those whom you may hurt while driving your car. In other words, it is not designed to protect your financial interests as is the case with health insurance. You are not mandated to have insurance coverage on your own expenses resulting from a car crash, but it is compulsory to provide proof of financial liability when you own a car.
If you want peace of mind while driving your car or simply want to protect your savings and assets, consider purchasing sufficient auto insurance. For more information about auto insurance and how to get the cheapest auto insurance quotes suitable for your budget, contact us at The Shay Agency in Wilkes-Barre, PA today.