We all have regrets, and we all have moments where we suddenly realize we could\u2019ve saved ourselves a substantial amount of trouble if we\u2019d just had a bit more foresight. It\u2019s impossible to predict the future, and sometimes random bad luck can put us in an inconvenient position, but some preparation can make a world of difference. John Schmoll, a contributor to DailyFinance.com, recently shared a story from his own life in hopes that it would help someone who may be in danger of learning the same lesson the hard way.<\/p>\n
Car insurance<\/a> is an important part of why American roads are as safe as they are. Accidents happen, and since affordable car insurance is widely available, when accidents do occur, those involved don\u2019t have to deal with the financial impact alone \u2013 as Schmoll\u2019s mother-in-law discovered after an accident.<\/p>\n Schmoll\u2019s mother-in-law was insured, but only a few months after buying her car, she was rear-ended by an uninsured driver while merging onto a Southern California freeway after a long day\u2019s work. The driver of the other car, presumably uninsured, took off immediately, and not long after that, the whole story repeated itself. Driving home from work, Schmoll\u2019s mother-in-law was rear ended on the same freeway and, yet again, it was a hit-and-run.<\/p>\n Later, a third driver would hit her car again, in the same place, but at least this person stopped to exchange insurance information. Unfortunately, the insurance information provided by the other driver was fake. Luckily for Schmoll\u2019s mother-in-law, her insurance took care of her expenses.
\nCar insurance not only protects you and your car from accidents on the road but, depending on what type of coverage<\/a> you have, can protect you against many other factors. Some types of insurance protect your car entirely, even if it\u2019s stolen or damaged outside of a traffic accident. Some even provide roadside assistance and can tow you free of charge. Many insurance policies can even cover the medical expenses of other parties involved in the accident and damage to non-moving objects. If you\u2019re in an auto accident, you\u2019re responsible for all damages caused, and without insurance as a safeguard, a single mistake could ruin you financially, which plays into why it\u2019s mandatory across the country.<\/p>\n