Auto insurance is an expense that every driver needs to make. But, some individuals allow their coverage to end before they renew in order to try to save some money. While car insurance will cost you, it's important not to ignore this essential expense. Doing so can put you and other drivers in danger, and it can cause a lot of issues for you now and later. Keep reading to find out what happens if you don't buy auto insurance coverage.
You Won't Be Able to Register Your Car
Your state will want to see that you have car insurance in place before you're able to register or renew your car registration. This is a big issue and will prevent you from driving legally at all.
You May Get Sued
If you're involved in an accident and you're driving around without coverage, this is not good. The other driver may end up suing you to collect damages for their vehicle damage as well as medical costs.
You'll Be Responsible for Your Car Damage
If you get in an accident that you cause and there is damage to your car, you'll be responsible for the costs needed to handle repairs. This can add up to a lot of money, even if the damage is minor.
You'll Pay More for Coverage and Lose Policy Discounts
If you've been with an insurer for a long time and you choose not to continue paying your insurance bill, you can lose all of the discounts that you've built up. This will make your car insurance more pricey when you do decide to continue your coverage. Even if you don't have discounts in place, your insurance company will likely raise your premium rates in the future.
You Can't Buy a New Car
When it comes time to buy a new car, you'll need to show that you have coverage. If you plan to take out a loan and buy a brand new car, it won't be an option without an active policy.
You'll Face Consequences
You may face consequences, depending on your state's rules and guidelines. Some examples of penalties may include expensive fines, court fees, suspension of your car registration, suspension of your driver's license, and jail time. It's important to check into what your state requires and the laws that are in place so that you avoid these consequences.
Don't drive around without car insurance. If you want to find more affordable auto insurance, reach out to auto insurance providers to get a quote for a new policy.