Auto insurance may seem like just another expense, but its benefits go beyond just financial protection. In fact, there are many surprising benefits of auto insurance that you may be missing out on.
1. Legal Protections
Having auto insurance gives you legal protections that you may not have considered before. If you’re in an accident and the other driver sues you, your auto insurance company will provide legal representation and cover the costs of any settlement or judgment. This not only saves you money, but it also ensures that you have experienced legal professionals on your side.
2. Medical Payments Coverage
Many auto insurance policies come with medical payments coverage or personal injury protection. This means that if you or anyone in your vehicle is injured in an accident, your auto insurance will cover their medical expenses. This is particularly important if you don’t have health insurance or if your health insurance has high deductibles and co-pays.
3. Roadside Assistance
Most auto insurance policies offer some form of roadside assistance. This can include services like towing, battery jump-starts, fuel delivery, and more. This is a valuable service that can come in handy if you break down on the side of the road, especially if you’re in an unfamiliar area.
4. Rental Car Coverage
If your car is in the shop for repairs after an accident, your auto insurance policy may provide rental car coverage. This can help you stay mobile while your car is being repaired, and it can save you money on rental car fees.
5. Peace of Mind
Perhaps the most surprising benefit of auto insurance is the peace of mind that it provides. Knowing that you have financial protection in case of an accident can help alleviate stress and anxiety. It can also help you feel more confident on the road, knowing that you have the backing of a reputable insurance company.
In conclusion, auto insurance is more than just a necessary expense. It offers legal protections, medical payments coverage, roadside assistance, rental car coverage, and peace of mind. If you’re not already taking advantage of these benefits, it’s time to review your auto insurance policy and make sure that you have the coverage you need.