5 Signs You Need Car Insurance in 2024 

In 2024, as in previous years, the need for car insurance remains essential to protect yourself, your vehicle, and others on the road. Safeguard Insurance Agency provides car insurance in Midland, MI, Oscoda, Saginaw, Bay City, Tawas City and surrounding areas. 

These are five signs that indicate you need car insurance: 

Car Insurance in Midland, MI, Tawas City, Bay City, Oscoda, Saginaw
  1. Vehicle Ownership: 

If you own a car, it’s typically a legal requirement to have insurance coverage. Most jurisdictions mandate drivers to carry a minimum amount of liability insurance to cover potential damages or injuries caused by their vehicle. 

  1. Legal Requirements: 

Check the current laws and regulations in your area. If the law mandates car insurance coverage, you must comply to avoid legal consequences, such as fines, license suspension, or even vehicle impoundment. 

  1. Financial Protection: 

Car insurance provides financial protection in case of accidents, theft, or damage to your vehicle. Without insurance, you would have to bear the full financial burden of repairs or replacement, which can be a significant financial setback. 

  1. Loan or Lease Requirements: 

If you financed the purchase of your car through a loan or lease, the lending institution may require you to maintain comprehensive and collision coverage. This ensures that the vehicle (which serves as collateral) is protected in the event of damage or loss. 

  1. Risk Factors: 

Evaluate your personal risk factors. If you frequently drive in high-traffic areas, have a long commute, or live in an area prone to accidents or theft, having car insurance becomes even more crucial. It provides a safety net in case of unexpected events on the road. 

Remember that car insurance not only protects you but also helps ensure the safety and financial security of others in the event of an accident. It’s important to review and update your coverage periodically to make sure it aligns with your needs and complies with any changes in regulations. Kindly call us without hesitation. 

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Are you ready to save time, aggravation, and money? The team at Safeguard Insurance Agency is here and ready to make the process as painless as possible. We look forward to meeting you!