Car Insurance NZ - Fast Quotes with Great Coverage
Before we begin, it’s best to make one thing clear…Just because you aren’t legally required to obtain vehicle insurance it’s still highly recommended. And just because the Accident Compensation Corporation (ACC) pays for all accidental injuries, you should still arrange an adequate vehicle policy with a reputable company.
It has been argued that, by having the Accident Compensation Corporation (ACC) in place, some people don’t feel compelled to drive is safely as they should. And, by making auto coverage optional, some people tend to feel that it just isn’t necessary.
Fortunately for you, we’re about to prove precisely why this form of coverage is not only beneficial, but necessary if you want to continue on as a safe and responsible driver.
Would you like to see the myths dispelled today? Keep reading to find out the real truth once and for all…
The Accident Compensation Corporation (ACC) Doesn’t Pay for Any Damage to Your Vehicle
Yes, you read that correctly. If you are in some type of vehicle accident, and it turns out to be your fault, you are responsible to pay for all of the damage to your car.
Nobody is going to pay to fix your vehicle. You have to come up with the money all on your own. Do you really want to spend thousands of dollars out of your own pocket when you don’t have to?
The beauty of this type of coverage is that you’re prepared in case of an emergency. Most people do not have thousands of dollars lying around, that they can sink into their vehicle every time they have an accident. Most people don’t have that kind of money to just throw around.
I’m assuming you’re like most people, and you’d rather avoid spending a small fortune to get your vehicle up and running again.
And what happens when your vehicle is deemed to be beyond repair?…
Instead of only having to spend thousands of dollars out of your pocket to fix your vehicle, you’ll potentially have to spend tens of thousands of dollars to purchase another one.
Or on the other hand, if you just don’t have that kind of money, then you’ll have to pay whatever you can afford to purchase a used, possibly inferior, unreliable vehicle that you really don’t like all that much.
In a perfect world, you would have recognised the need for auto insurance for your vehicle. You would’ve recognised that the small fee you pay every month is money well spent. You would have recognised that spending that small fee every month is necessary to protect you. It’s not an added expense. It’s a protection policy to make sure that you can cover your expenses in case of an accident.
Here’s what should have happened…
Insure Yourself Against Liability
This is where your expenses can really spiral out of control.
If it’s legally established that you were at fault and caused the accident, not only will you be responsible to pay for the damage done to your own vehicle, but you’re also responsible to pay for the damage done to the vehicle that you hit.
Talk about a nightmare scenario. Who has the kind of money needed to pay for the damage done to two vehicles? It’s crazy to think that you could easily find yourself in a position where you have to pay a large sum out of your own pocket instead of letting an insurance company handle it for you.
That’s why they are there. Insurance businesses exist to protect you. That’s what you need to understand. This type of coverage is protection against accidents whether they are your fault or not.
I know we like to believe that we are perfect and that we’re never going to get into a motor vehicle accident, but it’s just not true. Unfortunately, motor vehicle accidents happen each and every day. They happen to excellent drivers and they happen to the worst drivers in the world. It’s really just the luck of the draw.
So protect yourself. That’s the most important thing. And protect your family as well, because their financial well-being is tied up in your motor vehicle accidents too.
Remember, your family is counting on you to put food on the table. They are counting on you to take care of their needs. They are counting on you to keep the lights on and pay the rent.
An unexpected accident can take it all away from you. So instead of finding yourself in a position that you cannot financially handle, why not simply obtain motor vehicle insurance instead? It will be the best thing you’ve ever done for you and your loved ones. Never forget it.