Why is Car Insurance So Important?

The most important reason to have automobile coverage is due to the fact that the majority of states require that motorists either have an auto insurance policy in place or another form of financial responsibility while operating an automobile or even maintain registration. Failure to maintain valid policies can result in fines, suspension of vehicle registration and/or driving privileges and even possible jail time. Aside from the legal repercussions, the importance of being insured can also protect motorists from a number of risks and expenses that may arise from owning an automobile.