Take a look at this picture. Even a huge, heavy duty and expensive vehicle like a Hummer was smashed to bits in this car wreck. You must protect yourself and others by carrying automobile insurance. We will talk a little about the types of insurance available, what is required, and WHY you don’t want to risk driving without being insured.

In today’s economy, people are looking for ways to cut costs, and let’s face it, no one enjoys paying for auto insurance. It’s one of those things we pay for hoping we never have to use it. It gives peace of mind, but unless you have a wreck, you have nothing to show for it, but without it, you face losing much more than what the cost of your insurance policy was.

Let’s say you make the decision to let your car insurance lapse. You figure that you are a very safe driver and in fact have never been involved in an automobile accident. Now, let’s say that you are driving safely down the road, doing everything right, but out of nowhere, another car is on the road turning in front of you and you never saw it coming. You hit this persons car, and your car is totaled, the other persons car is totaled, you and the other person and the passengers of both cars are hurt. Let’s also say there are 5 people injured in this wreck. Thank God that no one was killed, but 5 people being taken to the emergency room, ambulance charges, doctors bills, both cars being towed, and then low and behold, you find out that the other driver does not have insurance either!

Total bill for the above scenario is over $80,000.00! Wow, where is all that money going to come from? Had you been insured, your insurance company would be paying these bills while you paid the say $500.00 deductible. That is a HUGE difference. Someone has to pay this since there was no insurance for either party. So, looks like you and the other driver may be liable for 50% of the bill for each of you. So, WHERE will you get the $40,000.00? Well, you have a 401K that is about to be wiped out. Not to mention you may also have a ticket for driving without insurance, etc. etc. etc.

This is very important, you truly need to think about this if you are or are thinking about driving without insurance. None of us know what is going to happen from day to day and at any moment the above scenario could be happening to YOU. I hate paying for car insurance just as much as the next person, but the costs could be so much higher if you were to get in an accident while being uninsured. THINK ABOUT IT.

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