5 Reasons Why It’s Very Important For New Drivers To Get Car Insurance

Despite the benefits people get from owning a car, there are also a few responsibilities that come along with car ownership, which especially new drivers should know about. Some of the most important ones include performing regular car maintenance, doing necessary repairs, and obtaining car insurance.

As a new driver, getting car insurance is definitely a must. As you are still learning your way around the streets, you may get into an accident or find yourself in an unforeseen distressing situation that can result in severe or fatal consequences. This is where car insurance can come in handy and provide you with legal and financial protection in such unpleasant events.

In this post, we outline five reasons why new drivers need to obtain car insurance.

5 Reasons Why Car Insurances Is Important For New Drivers:

1. It is required by law

The first and main reason why new drivers need to get car insurance is that it is a legal requirement in almost every country. Although there are different types of coverage plans available, there is always a mandatory minimum that all drivers are required to obtain.

For example, in Canada, all provinces and territories require motorists to have at least liability coverage. Some Canadian provinces like Ontario may also require new drivers to obtain additional coverage to provide them with greater protection.

So, if you live in this province, make sure you compare rates for the different types of car insurance for new drivers Ontario has to offer so you can get the best quote for you.

For instance, each state and territory in Australia has its own CTP insurance scheme, which is usually included as part of vehicle registration. CTP insurance ensures that people injured in motor vehicle accidents receive compensation for their injuries, regardless of who was at fault in the accident. A CTP comparison calculator allows users to input information such as their vehicle details, personal information, and coverage preferences.

2. Offers financial protection

As a new driver, causing an accident can be one of the most stressful things that can happen to you. Besides causing traumatic consequences on your mental and emotional health, it can also result in severe physical injuries and car damage. And if you are the one at fault, then you will be responsible for covering all repair costs, legal expenses, and medical bills that may come along.

This is where your car insurance can come in handy and provide you with financial protection by covering the costs of all damages, repairs, and medical treatments. There are certain types of insurance, like collision insurance or personal injury protection, which cover the expenses regardless of who’s at fault.

3. Pays for damages caused by environmental factors

Another reason why new drivers need to get car insurance is that it can also be used to pay for damages caused by environmental factors. These mainly include weather conditions such as hailing ice storms, wildfires, and heavy winds. All of which can cause serious damage to your car or any vehicle, as well as costly repairs.

A type of car insurance that is used to cover such costs is comprehensive coverage. It also pays for what the insurance companies typically call “acts of God”, referring to events where neither any of you nor any other driver’s fault.

Besides covering for damages caused by weather conditions, this coverage can also pay for vandalism and theft.

4. Protects all passengers

As a new driver, your main concern shouldn’t only be practicing safe driving and reducing the risk of accidents but also doing everything you can to protect other passengers on the road. Often, when you get involved in an accident, the incident doesn’t only affect you, the driver, but also other people around you.

It is because of this reason that insurance providers also offer drivers passenger coverage as an add-on to their insurance policies in case non-drivers sustain any injuries from a car accident. The add-on coverage will pay for all medical bills and treatments, as well as cover the costs for any permanent disabilities or death that result from the mishap. 

5. Gives you peace of mind

Being extra cautious while on the road is very important, although it can be hard having to worry about what could happen to you or other people, at any time. Obtaining car insurance can help lessen that burden and give you a piece of mind knowing that you, fellow passengers, and properties will be fully covered in the event of an accident.

Besides this, with car insurance, you wouldn’t have to worry about paying for repairs or other damages caused by severe weather conditions as your coverage will cover everything. The key is to get the right insurance policy to provide yourself with legal and financial protection in the case of unpleasant events.

Final thoughts

The importance of obtaining car insurance should never be overlooked, especially by new drivers. There are many benefits they get from having it, with the most important one being financial and legal protection against damages of all kinds.

So, make sure you do your research to find the best coverage for you.

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