Just one of the many reasons car owners have to have liability coverage is due to the fact that the policy will help cover the other party if you are found at fault for an auto accident. The driver at fault is always the one who must pay for the damages of everyone, so if you cause an accident and didn’t have insurance, you probably couldn’t cover both your damages and the damages the other party faced. For this reason alone, auto insurance is probably the most important type of insurance out there.
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Many Nigerians don’t like the idea of buying auto insurance. If you fall into this category, you would agree that this is because auto insurance is seen as unnecessary, but the reverse is the case. What must have birthed this negative perception is the inability of automobile owners to find a good car insurance company in Nigeria.
However, there are many reasons why you still need auto insurance. Learning about them will help you make the right choice. These are five reasons why you should consider registering with the best car insurance company in Nigeria:
1. Anxiety It’s normal to become anxious about getting a dent on your newly purchased car. Or on another occasion, you might be worried about getting hit while trying to avoid a careless driver. Moreover, because of the poor condition of some roads in the different parts of the country, car insurance in Nigeria can provide you with a hundred percent cover. Having a care insurance will reduce the anxiety you feel while driving.
2. A Requirement By Law For your vehicle to be road worthy, you must obtain insurance. This is according to the Road Traffic Act of 1950 which states that all automobile users should have an auto insurance. With auto insurance companies proliferating the modern era, you are advised to register with the best car insurance company in Nigeria.
3. A Time Saver Getting involved in a car accident can be traumatic for victims especially when you don’t earn a lot monthly. If you have an auto insurance, you will have less to worry about in the event of an accident. You already need to worry about things like writing a report, paying for unplanned medical bills, and replacing damaged properties with personal monetary compensations. When you have insurance in one of the many good auto insurance companies in Nigeria, you can save yourself this stress which can crop into your time. Let auto insurance companies take care of these things for you.
4. Support Irrespective of the damage done to the vehicle in a road accident, vehicle insurance in Nigeria can cover these damages. If third party cars are destroyed, the bill will be covered by vehicle insurance in Nigeria depending on the package you choose.
You should make it a point of duty to register with an auto insurance company. Don't wait until the law catches up with you for being a defaulter. Don’t wait till after an accident ruins your vehicle or the vehicle of a third party before you make a move. Paying for such damages from your account will cost more than you can imagine. You might feel that the cost of premiums is more, but in the long run, auto insurance is the best way to save yourself from unexpected expenses.
As a car owner in Nigeria, it is extremely important that you have auto insurance. You may be one of the many people who feel like you shouldn’t have car insurance unless you get into an automobile accident, but it is so much better to be prepared and safe than unprepared and injured.
Out of all the types of insurance out there, you are more likely to need your autos insurance the most. You are always at risk when driving and you never know when an accident could happen. Whether it is someone else’s fault, a user error, or a malfunction with your car, you deserve to be taken care of! At the very least, most drivers are actually required to have liability coverage as a minimum. By law in Nigeria, you must have at least minimum liability coverage in case an accident occurs. If you don’t have any liability coverage at all, you aren’t even allowed to possess a license to drive. So if you searched “insurance for my car” and don’t have anything yet, it’s way past time to make sure you’re covered!