6 reasons not to drive without car insurance | Oberon’s review

6 reasons not to drive without car insurance

Car insurance is a subject that is not often discussed. It’s not glamorous, it’s not always an easy subject to talk about, and some people don’t even think they need it. Driving without auto insurance may seem like a smart financial decision for some people.

But before hitting the road without car insurance, it’s essential to protect your finances and your future. Consider these top reasons why getting coverage is necessary:

Car insurance is compulsory in many countries, so there is no getting around it. If you are caught without auto insurance and found guilty, the penalties are severe: fines, license revocation and even jail time.

The amount of your fine is determined by the time elapsed since your policy ended. But if you haven’t had coverage for more than three months, that could mean paying fines. To avoid this, car insurance in Australia is cheaper than you might think and is available to everyone. Aside from the law factor, insurance can save you money.

2. If you injure someone or damage their property, the cost is your responsibility

Imagine coming home from work one day when another driver turns right in front of you, causing the two cars to collide. The other driver starts yelling at you as passers-by gather and watch the scene. You glance at your car, which has been pushed against the curb by the impact; it’s not going anywhere.

This situation could be infinitely worse if that other driver decides to sue for damages: pain and suffering; loss of income because they cannot go to work until their wounds are healed; medical costs for treatment; property damage (there may have been expensive equipment in their trunk); emotional distress if they were frightened in the crash or suffered post-traumatic stress afterward.

6 reasons not to drive without car insurance

All these fees would be out of pocket which could ruin your finances.

3. Even the best drivers have accidents

The number one reason you should get auto insurance is that accidents happen even if you’re an excellent driver. Many people think they are invincible because they have been driving for years and have never had an accident. This belief is dangerous.

If you don’t have car insurance and one of these unfortunate events happens to you or someone else, who will pay for the damages? You could end up responsible for thousands of repairs, and cars are expensive. You can also lose your license and possibly your job, depending on the severity of the accidents; it could be devastating for your family and the victim.

4. Your insurance would cover your lost wages

If you are injured in an accident and cannot return to work for an extended period, your insurance may cover lost wages. Even if you are not injured, you may be able to get lost wages covered by your auto insurance policy.

This can happen if the car accident was caused by another driver who didn’t have proper auto insurance coverage (or none) and didn’t pay medical bills or costs associated with property damage. .

5. Your insurance may be cheaper than expected

Even if you’ve been driving for years, insurance companies can still use statistics to determine your risk of having an accident. If you haven’t had any accidents or moving violations in the last three or five years, your premium might be slightly lower than someone who has.

And if you’re having trouble finding an affordable policy, you might want to consider buying older cars that require less (and therefore cheaper) coverage. Or maybe it’s time to ditch that heap and get something new – either way, again: it’s worth it.

Also keep in mind that the longer your policy lasts, the more money it will cost you upfront. But over time, those monthly payments will add up (like a savings account) until they’re ultimately less than what you’d otherwise pay for a year of coverage.

6. You may not even need to speak to anyone when making a complaint

In the event of a car accident, you may not need to speak to anyone. You can file a complaint online, by phone or by mail. If you’re going in person, it’s best to take photos of the damage before discussing it with anyone there.

If you have questions or concerns about your policy or coverage after submitting a claim, call or contact your insurance company and ask what they recommend you do next.

You may not be able to afford legal aid after an accident without insurance coverage.

Car insurance is an easy way to protect yourself financially and legally. Insurance can cost less than expected and provides excellent protection against financial damage, so don’t delay any longer.

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Justin D. O'Neill