If you're a young adult paying car-related expenses for the first time, you may be wondering about the value and importance of auto insurance. Car insurance offers safeguards that protect you and others on the road in the event of an accident. Explore this subject in more detail with a few reasons why all drivers, regardless of age and experience, should carry auto insurance.

Why You Should Buy Auto Insurance

1. It's the Law

Alaska law requires you to carry a minimum of liability insurance. Liability pays for the costs of injury, lost wages, and property damage if you are at fault for an auto accident. Minimum coverage amounts are $15,000 for bodily injury per person, $30,000 for bodily injury per accident, and $10,000 for property damage per accident. You also must have proof of insurance, such as a carrier-issued insurance card, with you at all times.

2. It Minimizes Stress

Carrying auto insurance gives you, as a driver and vehicle owner, peace of mind. You know that whenever you turn the key in the ignition, specific protections are in place. These protections look out for your welfare and the well-being of everyone else on the road. You have the satisfaction of knowing you're a responsible driver. If you're ever in an accident, having insurance simplifies and streamlines what would otherwise be a complicated and stressful process. The insurer will guide you through the steps of filing a claim and obtaining the needed repairs.

3. It Saves You Money

It is estimated that the average driver will get into three to four car accidents in their lifetime. From this perspective, auto insurance is a small price to pay now for big savings later. Consider that the average liability claim for property damage is $3,231, and the average claim for bodily injury is $15,443. Paying a low monthly premium to cover these potential costs further down the road only makes smart financial sense.

When you're ready to purchase auto insurance and enjoy these benefits, contact the Dunlap Agency. Since 1986, they have been serving clients in Fairbanks, AK, and throughout the state. They offer auto, property, and business insurance solutions designed to meet your needs and budget. Call (907) 456-5202 or visit them online to request an insurance quote.