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3 Great Reasons to Purchase Auto Insurance

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If you don't currently own a vehicle, but you're in the market for a new or used car, then one of the first things you'll need to do is purchase auto insurance. Many people balk at the cost of insurance and may even try to get away with not buying it, but there are a multitude of reasons why having an insurance policy is hugely beneficial. To discover just a few of them, keep reading below.

Legal Requirements

If nothing else, the biggest benefit of having auto insurance is knowing that you're abiding by state law. Every state has differing requirements when it comes to the amount and type of insurance you hold, but every single one has minimum coverage laws you must follow if you're to be a legal driver. Not following these laws can result in massive fines, suspension of your driving license, or even having your car impounded. 


Even the most careful drivers may occasionally be at fault for an accident. If it's a minor accident in which both drivers have insurance, then chances are you won't have to deal with much more than seeing a slight uptick in your payments. While this might seem annoying, it certainly beats the alternative. That's because being involved in an accident—especially if you are at fault—can be financially disastrous. If declared to be at fault, you will be fully responsible not just for the damage caused to the vehicles, but also for the medical, legal and various additional costs of the other person involved. Don't risk your financial future by failing to purchase insurance; it may seem costly in the short term, but in the long term there's no way to justify the risk that comes with being an uninsured driver.


Even if you couldn't care less about legality or liability, you may find it difficult or even impossible to purchase a car without possessing a minimum amount of auto insurance. That's because companies and dealerships who offer leases will require you to have an auto insurance policy before they lend you even a single dime. You may be thinking about purchasing a car in cash, and while there's nothing wrong with that, few people who are looking at reliable, quality vehicles have several thousand dollars in cash sitting around their home. As such, they're required to purchase auto insurance before they do anything else. For more information and advice on purchasing auto insurance, contact a company such as Crowel Agency, Inc.