There's no denying it; auto insurance adds considerable expense to the cost of owning a car. Many people, especially those who consider themselves safe, responsible drivers, question the need for coverage and would prefer to put the money to other uses. In response, Consolidated Agency, a trusted insurance agency in Rochester, NY, explains why car insurance is so important, even if you drive safely and defensively.

5 Reasons Auto Insurance Is Essential

1. It's the Law

Nearly every state requires drivers to insure their vehicles, and New York is no exception. To drive legally, you must have minimum amounts of bodily liability, property damage liability, and accidental death insurance on your car.

2. Your Lender Requires It

If you financed your vehicle purchase with a car loan, your lender will insist that you purchase full coverage car insurance to protect their financial interests. This ensures they get paid if the vehicle is destroyed in a collision, fire, flood, or is stolen or damaged by vandalism.

3. To Protect Your Vehicle

Collision coverage pays to repair your vehicle if it’s damaged in an accident while on the road. Comprehensive insurance covers non-moving damages, like the fires, floods, vandalism, and theft mentioned above. Without auto insurance, you're left to your own devices if something unfortunate happens.

4. To Protect Yourself & Your Passengers

Medical payments coverage pays for medical treatment if you or your passengers are injured in the vehicle. Because doctor and hospital care are so expensive now, this coverage is particularly important.

5. To Protect Your Assets

Liability insurance pays for other motorists' medical care and property damage if you are at fault in an accident. It also covers lawyer fees, court costs, and the other expenses associated with defending a lawsuit, if one should arise out of the at-fault incident.

Consolidated Agency, a trusted insurance agency in Rochester, NY, specializes in auto, business, life, and home insurance coverage. They can help you design a policy that protects yourself, your family, and your vehicle at a price you can afford. Visit the website to request a quote, or call (585) 467-4110 to speak with an auto insurance expert.