While purchasing a car in the state of Indiana, many people see the price of insurance for their new car and consider it a Necessity rather than a Luxury. They think that if they are extra careful while driving and they stay away from busy streets as much as possible that they can go without having insurance and be ok. But it is a well-known fact that auto insurance in Indiana is vital for two reasons: even if you are a good driver, accidents do happen, and it is the law to have current and valid insurance.
It is much more expensive to go without car insurance and save that money than it is to be covered with insurance. Let's say that you decided to go without insurance so you can save money. In three years you have saved $5,000. You feel like you have made a good decision because you have not got in any accidents and you haven't had to pay any money
Let's say that a few months later you are driving to work in the snow, and you slide in to another car. Because you slid in to the other car it is your fault. The car you hit was worth $15,000 and it is totaled. There are four people in the car and their cumulative medical bills are $85,000. You thought you were better off without insurance but now you have to pay $100,000 for an accident that would have been otherwise covered.
How would you evaluate your decision made two years ago to not pay car insurance? If you would have maintained a decent insurance policy for those two years, your insurance provider would have covered all the expenses and all you would have had to pay would have been a minimal deductable. Is paying $100,000 because you wanted to save $2,000 worth it?
The numbers used may seem excessive, but in anything other than a fender bender, these numbers are quite normal. Uninsured motorists have often been forced to sell their houses and other possessions in order to cover the costs of their mistakes. Lives have been ruined and lifestyles changed because of one poor decision. Because of this risk, it is a basic necessity to have current car insurance.
In addition to the costs of being in an accident without car insurance, it is also illegal to drive without it. If the police discover you have been driving without proper insurance, they can take away your license, take away your car, and impose large fines. It is much better to have car insurance to prevent any of these things from happening.
In addition to being very risky to drive without insurance because of the costs you may incur, it is also strictly prohibited by law to drive without insurance. If you are caught driving without insurance, you will probably get a hefty fine, and you may also have your license suspended, or be thrown in jail. - 15275
It is much more expensive to go without car insurance and save that money than it is to be covered with insurance. Let's say that you decided to go without insurance so you can save money. In three years you have saved $5,000. You feel like you have made a good decision because you have not got in any accidents and you haven't had to pay any money
Let's say that a few months later you are driving to work in the snow, and you slide in to another car. Because you slid in to the other car it is your fault. The car you hit was worth $15,000 and it is totaled. There are four people in the car and their cumulative medical bills are $85,000. You thought you were better off without insurance but now you have to pay $100,000 for an accident that would have been otherwise covered.
How would you evaluate your decision made two years ago to not pay car insurance? If you would have maintained a decent insurance policy for those two years, your insurance provider would have covered all the expenses and all you would have had to pay would have been a minimal deductable. Is paying $100,000 because you wanted to save $2,000 worth it?
The numbers used may seem excessive, but in anything other than a fender bender, these numbers are quite normal. Uninsured motorists have often been forced to sell their houses and other possessions in order to cover the costs of their mistakes. Lives have been ruined and lifestyles changed because of one poor decision. Because of this risk, it is a basic necessity to have current car insurance.
In addition to the costs of being in an accident without car insurance, it is also illegal to drive without it. If the police discover you have been driving without proper insurance, they can take away your license, take away your car, and impose large fines. It is much better to have car insurance to prevent any of these things from happening.
In addition to being very risky to drive without insurance because of the costs you may incur, it is also strictly prohibited by law to drive without insurance. If you are caught driving without insurance, you will probably get a hefty fine, and you may also have your license suspended, or be thrown in jail. - 15275
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