5 Reasons Why You Need To Insure Your Cars

Owning a car offers convenience and freedom, but it also comes with significant responsibilities, including the need for car insurance. Many drivers overlook this crucial aspect, viewing it as just another expense. However, car insurance provides essential financial protection and peace of mind in case of accidents, theft, or unforeseen damages. Beyond legal requirements, it safeguards your finances, covers liability, and ensures your vehicle is repaired or replaced when needed. Whether you're a seasoned driver or new on the road, understanding the importance of insuring your car is vital. Here are key reasons car insurance is a must-have for every vehicle owner.

1. Pays for the damage

If you have an accident and it's your fault, you’ll have to pay for the repairs on your own car and the other person's car. That's a lot of money!

2. Replaces a stolen car

Picture the scene: you've just done your shopping and you head towards your parking spot only to find it empty. Unfortunately, we’re all familiar with that feeling of dread. At least with car insurance (provided you've selected the theft option), you can put some money towards a replacement car.

3. Fire protection

Insurance can't stop a fire damaging your car or hail pelting down and causing damage but it can certainly help pay for repairs.

4. Roadside assistance

Yes, you read that right. Car insurance is a competitive industry which means there are lots of extra benefits offered by service providers to attract customers. One such benefit is roadside assistance. Whether it's a flat tire that needs replacing, or you've run out of petrol, there's a service to help.

5 . Discounts for good driving

Another great benefit of a competitive industry is the value propositions on offer. Some companies offer cashback after a certain period of no claims, while others offer apps that track your driving behavior and reward you with premium discounts if you do well.

Paying for insurance may seem costly but consider the alternative of having to pay for damages out of your pocket. Look for the best deal to suit your pocket and make sure, at the very minimum, you have the basics covered.

Take a look at our range of affordable car and home insurance options. There's one to meet your needs and your pocket. If you need help choosing, chat with a Financial adviser.