Accidents are a fact of life, but there’s not a great deal of damage that someone can do with, say, a bicycle. Automobiles are different story.
Most states require proof that you can pay for injuries or damages caused by the use of your auto. Should you have an accident, an insurance policy can protect you from having to deplete your financial resources; along with the expense of repairing or replacing your own vehicle, you may also be liable for paying for someone else’s car or property and medical expenses. You may also have medical expenses for yourself or for passengers in your vehicle. The ultimate benefit of carrying auto insurance is the peace of mind it provides for you and your family.