Importance of Car Insurance

Often people understand the value of opting for regular logbook service, or trust professionals to deal with the mechanics of a car but not car insurance. Especially those who never had to file a claim and are new owners; the monthly payment of a high amount for nothing in return makes them frustrated.

But wait, there's more to car insurance than just being a legal requirement. If you're one of them who think taking your car to regular car servicing is enough, why bother for car insurance, then here is a closer look at the significance of having car insurance.

1.     Pays for the Damages

You never know when your car may get into an accident. And compared to car servicing costs, repairing a damaged car due to an accident can get more expensive than you can imagine. However, when you have the right car insurance, it saves you from the huge expenses in case of an accident and helps you deal with the expensive claims through coverage like bodily injury liability, collision, property liability, etc.

2.     Lessens Your Liabilities

Opting for regular logbook service may not be a legal requirement in Australia, but a CTP insurance (Compulsory Third Party Insurance) is certainly a must for every car owner. CTP insurance simply helps in reducing your liability in case of an accident caused by you and covers you or any person driving your car from the legal ramifications, treatment costs and legal repercussions of the accident.

3.     Covers Your Treatments Costs

Remember, car insurance doesn’t cover regular expenses like car repairing, car maintenance or car servicing. But when you have the right car insurance, it certainly pays for your hospitalization and treatment costs. Car insurance also covers the medical expenses that otherwise your health insurance won't cover in case of an auto accident.

4.     Saves You from Hassle

The aftermath of involving in a car accident cannot only be stressful but also time-consuming. Imagine you don’t know about the mechanics of a car, but are told to repair it. Similarly, if you don’t have the right car insurance but have to deal with the adverse results of a car accident, you'll be in a mess. But with car insurance, it's possible to avoid all that negotiating with the other car owners or drivers or property owners involved in the accident and managing the costs of replacing or repairing your damaged vehicle.

5.     Offers You a Peace of Mind

Not opting for regular logbook service can be a stupid decision impacting on the flawless performance of your car. But not having car insurance is a fatal blunder that can not only cause serious tension but can take a toll on your financial health, even though you’re not responsible for the accident. But with the right car insurance, you get the financial and legal protection in case someone else hits your car.

Conclusion

Even if you know about the mechanics of a car, if you lack understanding about the need for car insurance, you are yet to understand a lot of about cars and how to keep them and yourself protected from sudden accidents. Because, in the end, having car insurance is as imperative for a car owner to ensure financial protection as regular car servicing is to keep your car in good condition.