We're told that we absolutely have to have car insurance for a variety of reasons. What would happen to you if you were in an accident? Who would pay to repair your car? What would you drive if your car was in for
repairs? How would you pay to fix someone else's car if an accident was your fault? These are all questions that you should be asking yourself. In fact, these very questions lead us to some of the reasons why having a reliable car insurance plan in place saves you money:
1. Screech, crash!
The sounds that no-one wants to hear. The squealing of tyres across tar, the crunch of metal and glass as it connects with another solid object. The unfortunate reality is that car accidents happen and, whether it's your fault or not, someone has to pay. There will either be one damaged car, two, or more! The point is, you never know. Accidents are unpredictable and do not happen intentionally, that's why they are called accidents. How will you afford to fix your car if you have an accident? Even if the accident is not your fault, the other party may not have car insurance, so the repair costs for your motor vehicle will be lumped on you and you alone. Forking out thousands or more for repairs can leave you penniless - and that's if you even have the money available to fix your car in the first place. If your car is entirely written off in the accident, what then? How will you afford to replace it? That monthly car insurance premium is sounding more appealing already, isn't it?
2. Whodunnit?
If you're at fault for the accident, you'd better be prepared to pay up. If you don't have insurance to cover damages that you have inflicted on another person's vehicle, you will have to pay out of your own pocket. Don't have the money on hand to repair? Too bad, you may find yourself in some serious financial trouble. All of this is paired with the fact that you somehow need to scrape together the money to fix your own car too... and heaven forbid you crashed into a luxury vehicle!
3. Rental woes
When you have a comprehensive vehicle insurance policy in place, you will be given a rental car to drive while yours is being repaired or replaced. This means that you won't miss work, won't have to spend money on costly public transport, and you won't have to beg friends and family for lifts.
As you can tell from these three points above, having car insurance is absolutely crucial for both your wallet and for your own peace of mind. Not only will it save you time, money and heartache in the event of a collision, it also gives you peace of mind when knowing that you have roadside assistance and car hire while your car is in for repairs providing that you take on a plan that includes these options. It's just too risky not to have insurance. The money that you spend on your premiums each month will go a long way in saving you money later on in the event of an accident. Shop around for comparative insurance quotes from reputable companies and you may find that they are not even half as costly as you once thought.
MiWay is a direct, short-term insurance provider offering a range of value-for-money insurance products. As well as motor, household and homeowners insurance, there are also add-on products such as warranty cover and liability cover. For more information, please go to
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