Ever wondered what it would be like without auto insurance? While a few might celebrate the financial freedom and jump at the chance to save a few hundred dollars a year, most of us would live in constant fear. Auto insurance with Biddle-Shaw Insurance Services, Inc. is meant to protect you (the driver), your passengers, and your car by covering the risk of financial liability. Drivers in San Francisco, CA and several other states must carry auto insurance. Failure to provide proof of insurance could lead to legal consequences, and you could lose big if you ever got into an accident. So, why do most states require drivers to carry auto insurance?
To Reduce Lawsuits
The use of automobiles has become more widespread, hence increasing the rate of accidents. Allocating time and space in courts to solve lawsuits over damages and injuries caused in accidents can become more difficult. Compulsory auto insurance laws help to handle such problems.
To Ensure Financial Responsibility
People are less motivated to buy auto insurance since it mostly protects other people who are involved in a car accident with you, together with their property. The state laws ensure victims of such accidents are well compensated.
Inadequate Financial Responsibility
All states have financial liability laws that require drivers to prove that they have enough assets to cover any damages they may cause in an accident. However, these laws are inadequate when it comes to remedying the risks of at-fault, non-paying drivers.
For Personal Protection
If auto insurance were optional, there would be a disparity on the road, making it difficult to handle claims. While a few drivers prepare to gamble, your auto insurance policy enables you to protect yourself, your car, and your passengers.
At Biddle-Shaw Insurance Services, Inc, we offer affordable and reliable auto insurance to the residents of San Francisco, CA and its surrounding towns. For a worry-free driving experience, contact us today.
