Do you have the idea what certainly the cost of a car running around the road without an insurance? If you have been driving for years or made a research, you probably have the clue with regard to this particular matter. As you know, the primary reason why car owners need to have the car insurance is for financial protection when a car accident occurs. And most likely, car insurance is way cheaper compared to the costs of car damage brought by a car accident whether a fender-bender or major collision.
Damage to Your Car
In the info graphic below, you can find the average costs of common car accident damages such as body work, engine control unit, radiator, oil pump, transmission, alternator, engine and starter. Please bare in mind that car accidents can include multiple damages. Examining this phase alone can definitely give you the thought that car accidents can put you in a financial problem than buying car insurance which has the average rate of $1,430.89 annually.
Damage to Others
Moreover, in a car accident, the driver at fault is responsible for personal injury and its associated expenses, and certainly this can run very high calculating from what are under the compensatory damages and punitive damages.
Damage to Property