Auto insurance is a unique type of expense. Because it is required by law, it is helpful when you can find the best rates. At Senn Insurance Agency, serving O’Fallon, MO, and the surrounding areas, we can help educate you on important insurance topics such as this. Keep reading to learn more.
Auto insurance is unique because it is one of the few expenses required by law. You will need at least the minimum coverage to operate your vehicle legally. If you refuse or fail to keep proper insurance coverage, you could face legal consequences.
In addition to the legal obligation you carry to keep your vehicle insured, there are also financial factors that you should consider when choosing the amount of coverage you will purchase. If you opt for minimum coverage, this is the minimum required by law to operate your vehicle. You will be held financially responsible for any damage to your vehicle. A liability policy will not pay for damage to your car if your vehicle is in a wreck or is damaged due to a natural disaster or burglary. If your vehicle is damaged or lost for these reasons, you will be responsible for paying for repairs or replacement of your vehicle. This could leave you financially vulnerable.
If you are injured in an accident, a solid auto policy can help pay for medical expenses. Without this vital coverage, you might struggle to pay for these important services.
If you would like to learn more about car insurance or any other services, don’t hesitate to contact us at Senn Insurance Agency, serving O’Fallon, MO, and the surrounding areas.