Properly protecting the value of your car is essential. Most people recognize the importance of carrying liability insurance. Yet, comprehensive and collision insurance are beneficial to most people as well. Not having this insurance in place means you might lose the function of your car if an accident occurs. Most policies are customizable, which often means you do not have to pay a lot of money to get this protection. Why should you have full car insurance coverage? Here are three big reasons. 

#1: Your Lender Requires It 
 
Did you know that most lenders require borrowers to maintain comprehensive coverage on the vehicle they finance? If you do not have this coverage, the lender may force you to pay for the vehicle’s loan in full immediately. They may also force repossession.  

This car insurance helps protect the lender’s interests in the car. Should an accident occur totaling the car, this type of policy protects the lender from loss. Learn what your lender requires before dropping any portion of your coverage. 

#2: Your Car Has a Significant Amount of Worth 
 
Imagine being in a wreck in which your vehicle suffers thousands of dollars in damage. It will require lots of repairs, even though it was an accident. No one else is responsible but you. Could you easily replace that vehicle with a new one?  
 
Most people could not do this affordably. The key to remember is that your car insurance minimizes the amount you have to pay when an incident like this occurs. It protects your ability to get those repairs done so you can get back on the road. 

#3: It Safeguards Your Vehicle from Storms and Damage You Cannot Predict 

Some people do not like auto insurance coverage like this because they think they are a safe driver. They might think they will never use the coverage. Yet, a storm can come through any area and cause hail damage. A tree limb can fall onto the car damaging it. Vandalism or theft can occur in any area. These are all key risks comprehensive auto insurance protects you from. 

Do you have full car insurance coverage? If you have an inexpensive vehicle you can easily replace, and you do not carry a loan on it, you may not need full coverage. Yet, most other drivers benefit from it. Just one accident allows for the policy to pay for itself in the long term.  It also keeps you from facing out-of-pocket costs.