A lot of people get confused when it comes to knowing whether or not they need to invest in car insurance. What many people fail to realize, though, is that instead of an expense, auto insurance will oftentimes serve as a valuable asset. If you have an older car, truck, or SUV, and you are wondering whether or not you need to have insurance on it, the answer is yes. Here at the JC Demo Insurance Group serving Matthews, NC, we’ve put together a helpful go-to guide to help you understand why your old car needs insurance on it.
You Never Know When an Accident can Happen
Some people believe that just because they have a car that isn’t worth very much, this means they don’t need to spend money on protecting it with auto insurance. But the truth of the matter is, you never know when an accident could happen. And just because you aren’t worried about having the financial means to replace your old car, this doesn’t mean you can afford the medical and property damage expenses that often accompany an accident. This is a good reason why you need to have insurance on your old car.
It’s Required by Law
According to the law, you must have car insurance in the state of North Carolina. With this in mind, it becomes common sense that you need to invest in auto insurance. Even if you don’t own a car, you have to purchase a non-owners liability insurance policy.
To learn more about needing auto insurance on an old car, contact JC Demo Insurance Group serving Matthews, NC.