Car insurance is one of those things that most everyone recognizes as a common expense, but far too many people dismiss it as unimportant or unnecessary. The truth is that even in states without a law requiring car owners to carry insurance, it's important for drivers to maintain a car insurance policy. Here's a look at some of the reasons why you should have car insurance whether the state you're in requires it or not.

Your Lender May Expect It

One of the first things that you should understand is that even if your state doesn't require that you carry insurance, your car lender likely will. In fact, most car financing lenders will require their borrowers to carry full insurance coverage. This is essential because it protects your lender's investment in the event of a catastrophic loss. Your lender will be listed as an additional insured, allowing your insurance company to cut them a check directly if your car is deemed a total loss.

Accident Repairs Can Be Expensive

Another important reason to carry car insurance is that it can save you significantly in the event of any kind of accident. The cost of repairing the damage from an accident can prove significant, especially if there's any structural damage to the frame. However, if you carry auto insurance, you'll only have to pay your deductible while the insurance company will cover the majority of the cost for you.

Liability Protection Is Important

Most car owners don't think about the liability coverage that their car insurance provides. Liability insurance is a valuable investment, especially if there's an accident. Remember that, in a litigious society, people find themselves sued for many different reasons. Your insurance company can help to protect your family, your home, and your finances if you face such a lawsuit.

Additional Coverage Can Be Helpful

More insurance companies than ever are offering coverage options far beyond the traditional comprehensive, collision, and liability insurance. For example, rental car coverage will cover the cost associated with a rental car for days when your vehicle is in the shop for repairs covered by your policy.

You can also get roadside assistance coverage. This will provide you with reimbursement for any roadside assistance needs, such as changing a flat tire, towing your car, or having gas delivered. 

Understanding how car insurance can be beneficial to you is an important first step toward appreciating its value. Talk with an auto insurance agent near you today for more help and information.