Benefits

• A major benefit of having car insurance is that it provides an economic safety net for people. In a society in which most people live paycheck to paycheck, there isn't much wiggle room for emergency situations that cost a lot of money. Unfortunately, auto accidents are the kind of emergency situations that can easily drain a bank account. Even in a minor one with no injuries, the cost of paying for another person's vehicle and your own can run into the thousands. For this reason, it's better to pay a monthly fee that is known and within your budget than to pay nothing and lose everything.
  
  

Features

• Having car insurance provides you with a professional who can fairly legislate payments and responsibilities in a car accident. Your claims adjuster will investigate the details of your car accident and determine who is at fault and should be paid. Most of the time, this process leads to the fair and equitable resolution of a claim--one that wouldn't happen without the intervention from an outside party.
  
  

Considerations

• Consider what might happen if you injured someone else while driving and had to pay for his medical bills. Sound like a lot of trouble? Well, it is, especially in a society strapped for cash. So peace of mind is the biggest benefit of having car insurance. People who drive and have car insurance know that they have a safety net that will help them tackle any financial or legal problems that might arise out of a car accident. It's a peace of mind that is worth paying a monthly fee for.
  
  

Misconceptions

• There is a misconception in that your auto insurance company will automatically say you didn't cause an auto accident when in fact you did. In the review of an auto claim, the prime objective of a claims adjuster is to find out the truth regardless of who it affects. So if you rear-end another vehicle, don't expect your insurance company to delay payment to that person. Your insurance will process her claims immediately and list you as at fault.
  
  

Effects

• There are several benefits to having car insurance. Consider them all every time you pay your car insurance premiums. It will make you happy to cut that check because you will know that what you pay is minor in comparison to what you actually get.