Just about anyone who drives regularly through their adult years will be in at least one auto accident. The younger the driver is, the more likely an accident will happen sooner rather than later. Only in rare cases will someone drive regularly through their teen and adult years without being in some sort of accident. Fortunately, car insurance protects vehicles, their owners, and their passengers when accidents occur. If your vehicle lacks insurance, here's why you need to buy some right away.

Protects Your Vehicle From Uninsured Drivers

Many vehicles on the road are uninsured, which creates a danger for other motorists and anyone who drives or rides in uninsured vehicles. According to Forbes, over 20% of motorists are driving without insurance. You can buy car insurance that will protect you, your vehicle, and your passengers against the potential costs of an accident caused by an uninsured driver or one lacking suitable coverage. It also protects against costs caused by hit-and-run drivers.

Protects Your Vehicle's Value

Most people who buy a new or a recently manufactured used vehicle must buy full coverage auto insurance to protect the loan. In our experience, lienholders require full coverage insurance, which includes collision coverage for accidents and comprehensive coverage for other perils (like theft, vandalism, or storm damage). This insurance protects the vehicle's value, which is used as collateral to finance its purchase.

Protects You From Bankruptcy

If you don't have car insurance and cause an accident, you are liable for the cost of damages. Those damages include medical costs that others might incur if they are injured during an accident. Our experts indicate that every state requires motorists to carry at least a minimal amount of liability coverage that pays up to policy limits for bodily injuries and property damage that might occur if you cause an accident. Otherwise, you could be sued and possibly go bankrupt.

Protects Your Transportation Investment

It's smart to insure your vehicle so you can protect your investment in daily transportation. If a negligent driver totals your vehicle, a thief steals it, or another peril causes extensive damage, your insurance will protect your investment up to policy limits. It's important to ensure you insure your vehicle for an amount that reflects its value. That way, you aren't left with a pile of junk if it's ever totaled.

Call Ramsey Family Insurance to learn more about car insurance today. We can help you get a policy to protect your vehicle and your finances. We look forward to hearing from you!