A car gives drivers freedom and independence, but it also comes with responsibilities and costs. One of those costs is the need to maintain auto insurance.

When Cookeville, TN, residents are in need of reliable insurance policies, they turn to Lafever Insurance Agency. For more than 30 years, these professionals have provided expert guidance and customer service to help residents and businesses design policies that meet their needs and budgets.

Below, they offer three important reasons why you need auto insurance. 

3 Crucial Reasons You Need Car Insurance

1. To Protect Your Vehicle

Comprehensive and collision coverage will reimburse you for repair or replacement costs, should your vehicle be stolen, damaged, or destroyed. Comprehensive coverage also protects you against theft, vandalism, and fire, while collision insurance covers single- and multi-car accidents. Without these policies, you would have to foot the entire bill if, for any reason, you incur damage.

2. To Protect Your Other Assets

Liability auto insurance protects your assets should you be sued for causing injury or property damage to another person or their belongings. The more assets you have, the more important it is that you have enough liability coverage. Legal and medical expenses can easily cost hundreds of thousands of dollars—as such, your home, savings, and retirement funds could be put at risk due to a single, unfortunate event.

3. To Comply With the Law

Most states require motorists to carry a minimum amount of liability car insurance. Tennessee is known as a $25,000/$50,000/$15,000 state. This means you must purchase at least $25,000 worth of personal injury liability coverage per person, with a maximum of $50,000 per accident, to cover medical costs of other motorists. You must also buy $15,000 worth of property damage liability to cover damages to other vehicles or personal property. 

Lafever Insurance Agency is the most experienced motorcycle and auto insurance agency in Cookeville, TN. They can help even the most inexperienced and high-risk drivers find affordable insurance. For more information, call (931) 526-3377 and speak with a friendly, knowledgeable professional.