Why do you have to have car insurance?

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Chulita	for sh!ts and giggles Was this answer helpful to you? Yes / No

ivory 2004	You have to have insurance for your self and the people who are on the road with you because if you hit somebody your insurance can pay for there vechicle. Was this answer helpful to you? Yes / No

welcome news	You have to have car insurance because it is the law (1988 Road Traffic Act 148) - unless you have £500,000 to put on deposit! The reason: if you are driving a vehicle and you injure someone or damage their property then you are liable for the losses they incur. If you didn't have insurance then a) you could be made bankrupt and b) the injured party would be unable to obtain satisfactory compensation. The compulsory insurance means that a) you only suffer a small loss through your actions (increase in premium) and b) the injured party receives adequate compensation. So: there IS a good reason for having compulsory insurance on motor vehicles. Was this answer helpful to you? Yes / No

ktorres	Auto insurance can help: Protect your investment in your automobile Pay for medical expenses in case of an accident Provide financial protection from lawsuits Cover losses caused by uninsured or underinsured drivers Pay for damage due to theft, vandalism or natural disasters Was this answer helpful to you? Yes / No

KooKoo Molookoo	For your own benefit as you already know so that you don't have to fork out thousands in the event of an accident, but also to deter people from panicing if they hit someone. If insurance wasn't compulsory most people would quite honestly drive off and leave the owners of the car they damaged to pay themselves! Was this answer helpful to you? Yes / No

simon267901	To ensure you are able to compensate the families of victims of your dodgy driving. Wouldn't you want compensation if you were maimed by an un-insured drink-driver? If you drive un-insured you are a sociopath and need professional help. Was this answer helpful to you? Yes / No

Jacquelynn H	To avoid breaking the law, to avoid receiving a ticket, and to make sure that my car is covered in case of an accident. Was this answer helpful to you? Yes / No

The original Peter G	In UK when compulsory insurance was first introduced there was a loophole. If you deposited £250000 with the court you could drive with that as a bond instead of insurance. That was a long time ago and the figure will be much more now. However I think some fleet operators still do this. Was this answer helpful to you? Yes / No

ppc422	Because few can afford damage and medical bills out of pocket to the small family you run into on the way home from work. Was this answer helpful to you? Yes / No

AnneShirley03-03-07	you may think you don't need it if your car isn't top of the range, but you need this as it is reashed into quired by law, if oyu are found at fault in an accident, (crashed into BMW) then you wouldn't want to pay for this out of your own pocket, and what if it was impossible to do so anyway? Hence the requirement to pay insurance! ;D Was this answer helpful to you? Yes / No

Maid Angela	If you kill someone in an accident you may be sued for thousands if not millions of pounds and most people would not have that sort of money so even if the person who has lost say a husband or father i.e the bread winner won their case they would still not be able to get the money so an insurance is essential. This is why you only have to have third party insurance Was this answer helpful to you? Yes / No

krixty	safety of others...insurance its a big business who in reality screw us up with the prices yet it is necessary for the safety of the other driver which it can be you if someone hurts you. Just picture it someone crashes into you and they got no money to pay you and you got no money to fix it then what? that's why the insurance is a contract where they assure you that your car will be protect if another person hits you. Was this answer helpful to you? Yes / No

Sod it	To cover you in the event of an accident Was this answer helpful to you? Yes / No

Deborah W.	In California its a must,I don't know about other country's. Was this answer helpful to you? Yes / No

Shannon	Its insurance just like medical insurance, just in case of anything! Was this answer helpful to you? Yes / No

Tim	All of the above answers are basicly correct....but prior to the mid 1970's car insurance was optional. The small insurance lobbies got together and persuaded state legislator to mandate insurance thereby increasing the size of their industry and profits.. Was this answer helpful to you? Yes / No

avintrouble	Because why should the person you crash into pay for your lack of care/driving ability? It makes people take responsibilty for their driving. Was this answer helpful to you? Yes / No

DJG INC	to help pay for an accident. And it's the law. Was this answer helpful to you? Yes / No

Ollie	Incase of an accident. Was this answer helpful to you? Yes / No

boppstar	By law you must have insurance to cover third parties i.e. injury to other people or their vehicles/property. covering your own vehicle is an extra benefit that is not compulsary by law Was this answer helpful to you? Yes / No

Dan	there are two reasons... if you have a loan out against a vehicle, the lending company requires that you maintain full coverage so if there is an accident, they will be reimbused for the loan by the insurance company. the state also mandates that you maintain PLPD insurance (minimum coverage) so if you go and run your car into somebody they will be coverered by your insurance company. it is a matter of public safety... somebody has to pay if you screw up while driving, and we can't always rely on the cash you got sitting in your checking account Was this answer helpful to you? Yes / No

JazzyG	you never know when you're gonna need it. Was this answer helpful to you? Yes / No

bri	to cover the costs of the other person invoved if you have an accident. If you damage their car which is a costly item or injure them they can claim compensation from your insurance. only 3rd party insurance is compulsory - comprehensive is optional. Was this answer helpful to you? Yes / No

taxed till i die,	To cover any costs incured whilst driving accidents injuries,damages. Was this answer helpful to you? Yes / No

Jude	To protect people like pedestrians, cyclists etc, so that if they get badly hurt by a car, and the car driver has no money to cover their costs, the insurance company will pay out. That's why the minimum cover you can get is 'third party', ie. to cover the other person's costs. Was this answer helpful to you? Yes / No

Scouse	1. It is the law 2. If you have an accident which is your fault the chances of you being able to foot a bill for damages and possible legal costs would be nil. 3. it is because of the above a socially responsible action. There is a way of avoiding insurance premiums but the cost of a deposit would almost certainly exceed your income for a lifetime Was this answer helpful to you? Yes / No

Flit	not necessarily to cover you, but the third party. how mad would you be if someone crashed into you and you had to pay for the damage? Was this answer helpful to you? Yes / No

Maricel S	To pay for your damages/injuries as well as pay for the other driver's damages if you were at fault and vice versa. Was this answer helpful to you? Yes / No