Why Should I Get Auto Insurance?

May 19, 2020

Why Do I Need Car Insurance?

Car insurance is a legal requirement and with the best coverage, it provides financial reimbursement in the event of your vehicle being damaged. It will also provide reimbursement for injuries to other drivers, passengers, or pedestrians and their property.

Accidents happen, so it’s reassuring to know that you’re covered financially if you’re involved in one.

Why Is Car Insurance Necessary?

Having car insurance is essential because it covers the expenses in the event of damage or injuries to other drivers, passengers, or pedestrians. Insurance can also provide support if your car is stolen, vandalised, or destroyed by fire or other types of damage.

Types Of Car Insurance

There are different levels of coverage you can choose from, including - third party; third party, fire and theft; and comprehensive plans.

  • Third party
    This is the absolute minimum required by law, but isn't the cheapest per se.
    It covers injuries to other people and damage to the properties of others.
  • Third party, fire and theft
    This is the same as third party insurance but this also covers the cost of repairs or a replacement vehicle if your car is stolen or damaged by fire.
  • Comprehensive
    This is the top level of coverage you can get. It protects against damage to your own car as well as accidents involving other people and cars.

Your insurer will sometimes allow you to add other drivers to your policy who also drive your car, but the main driver must be the person who drives the car the most.