1. It pays to replace your car if it’s stolen. Could you afford to buy another car like the one you had if yours was stolen and not recovered? If the answer is no, you should probably have comprehensive coverage. And if you’ve financed the car, your lender likely requires you to have a policy
2. It pays to repair weather damage. Golf ball-sized hail could leave dents all over your car. Or a tornado could pick it up and drop it a few houses down. Comprehensive coverage pays for car repairs due to either of these scenarios. If your car is totaled by a weather-related event, your insurer will issue you a check for its value.
3. It reduces the number of lawsuits – By carrying insurance, you protected from accidents, regardless of whether they are considered your fault
4. It pays to repair fire damage. Roadside car fires are a staple of morning traffic reports, and they’re inevitably accompanied by rubbernecking delays. But if this happens to your car, comprehensive insurance would pay to replace it.
5. It gives you peace of mind – If you do not have insurance, you would have to use your own money to get your car fixed after an accident.