Why Do I Need Auto Insurance & How Can I Obtain It?

This one's great value for moneyWe’ve identified the need for disability insurance to cover risks associated with unforeseen circumstances like death or debilitating injury, but what about car accidents? 

In the blink of an eye, any driver can be involved in an auto accident that could potentially cripple your financial accounts, your vehicle, and your physical attributes. But through auto insurance, you can protect yourself and help to make the post-accident circumstances a bit easier to deal with.

There are approximately 6 million car accidents occurring each year. The total cost of a car accident in 2012 averaged $8,900 and upwards of $72,000 in crashes involving some type of physical disability (Esurance, 2014). Besides the financial coverage that most policies cover, auto insurance also protects your personal assets in the event of a liability lawsuit.  But there are a few more reasons why auto insurance is a must, like:

  • A minimum coverage auto insurance plan is mandatory in most states.  During an incident, law enforcement requires that drivers show some type of liability coverage or financial responsibility bonds. Driving without insurance could land you with a hefty fine or a driving suspension on your license.
  • Plan for the worst and expect the best when it comes to driving. It’s better to have an auto insurance policy in place than to be caught with a multi-thousand dollar bill in your nae as a result of a car accident.
  • If you should find yourself involved in an auto accident, you shouldn’t have to bear the weight of dealing with the other driver’s insurance agency, claims processing, or an uninsured driver. By having auto insurance coverage in place, you’ll be assigned a representative to help you with all of the post-accident procedures.
  • The National Safety Council reports that 1.6 million accidents happen as a result of texting while driving in the United States each year. Protect yourself from unreliable drivers that are sharing the road with auto insurance. If an auto accident occurs due to a reckless driver, you shouldn’t have to pay the price!

So, now that you know all the reasons why you need auto insurance, how do you get it? TruStage™ Insurance Agency, LLC is dedicated to carry the credit union mission through to provide the best insurance products and programs possible. TruStage™ offers discounted rates for credit union members, has online services, and 24/7 claims services to provide our LRRCU members with the best support possible. Call 1.855.483.2149 for a free quote today. 

Kara Vincent
Kara Vincent

Kara Vincent is the Financial Officer at Lancaster Red Rose Credit Union.