If you’ve just bought your first car, you are probably beaming from ear to ear. We all remember the day we were given the keys to our first set of wheels and the stern safety talks about driving that followed.
Imagine, just for a moment, that you lose that car because you got into an accident that wasn’t your fault – and now you have to wait for the responsible person’s insurance to pay out. That scenario gets even worse when the other driver isn’t insured at all.
It doesn’t have to be that way; you must take out comprehensive insurance coverage on your new car. Below are five reasons why you should:
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Personal Accident Cover
Many comprehensive insurance policies offer a personal accident cover as part of the policy. That protects you financially from permanent disability or death due to a car accident.
No one likes to think about the worst scenario coming true, but it is vital to plan just in case. Your life could change in the blink of an eye – wouldn’t you want to be protected if it did?
Larger No-Claim Bonuses
So many insurance companies incentivise their customers by introducing a no-claim bonus. What that means is that for every consecutive claim-free year you have, you will receive a portion of your premiums paid back to you as a cash bonus.
Alternatively, some insurance companies prefer to offer it back as a discount on your premiums – either way, it is cashback in your pocket and who doesn’t love some cold, hard cash for a new Bluetooth speaker.
Larger Network Of Repair Shops
The bigger insurance companies generally offer the best comprehensive coverage for vehicles; they then often leverage their size against garages and repair shops across the country and ensure that their customers get priority treatment and great service.
That way, you can receive cashless services in all of their locations if the need arises. That means you’ll be back on the road in no time at all. Look around and find the cheapest car insurance in Maine; we all deserve to save some cash for a rainy day – or a new laptop.
Third Party Coverage
Sometimes accidents just happen; you don’t mean for them to happen – but for that brief moment, your eyes are off the road, and bad things can happen. Third-party coverage means that you’ll be protected against financial liability if you cause an accident that results in the loss or damage of someone else’s property.
Comprehensive cover may be more expensive, but it is well worth the extra money.
Fire Coverage
Comprehensive car insurance doesn’t just cover the bare minimum of car accidents. Decent coverage should also include weather events like hail, snowstorms, floods, and wildfires. These policies provide adequate cover for damages caused by “acts of God” – and the warmer the climate gets, the more you’ll need this sort of extended cover.
Generally speaking, the comprehensive cover protects many different things that could go wrong on or off of the road. Most companies don’t offer cover for maintenance issues, but that can be negotiated too – if you want.
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