Many drivers are tempted to forego auto insurance in an attempt to cut costs. If this thought has crossed your mind, you should know that the monetary consequences of not being protected could far exceed the premium payments if you’re caught driving without coverage. Here are the major benefits to getting auto insurance. 

Why You Should Purchase Car Insurance

1. Meet Law & Lender Requirements

As in most states, Illinois law requires drivers to carry a minimum amount of liability coverage. If you are pulled over by a cop or involved in a car accident and have no coverage, you’ll receive a hefty fine or get your license suspended. Additionally, if the vehicle is financed, the lender will require you to purchase auto insurance as a way of protecting themselves. 

2. Protect the Car 

Auto insurance will protect your car if it becomes damaged from a collision you are at-fault for. As long as you have comprehensive and collision coverage, the insurance provider will pay for the repairs to get the vehicle back out on the road as quickly as possible. If you aren’t covered, you’ll have to take care of the repair bills out-of-pocket. 

3. Safeguard Your Financial Future 

Car accidents can cost a substantial amount of money due to medical bills and vehicle damage. If you cause a crash and don’t have liability insurance to pay for the other driver’s damages, you may be sued and ordered to pay these expenses on your own, which can considerably lower your savings and assets.

With auto insurance, you’ll be properly protected every time you get behind the wheel and avoid a number of risks that could cause a significant financial burden. The agents at Taake Insurance Agency LTD in Columbia, IL, will help you find an affordable policy to fulfill your needs. For over 40 years, they have helped residents in the area find the best coverage for their car, home, and business. Call (618) 281-7656 to request a quote. Visit them online to learn more about their products and services.