CityWide Insurance specializes in car insurance and our number one priority is getting you the best policy at the lowest cost. If you are looking for affordable rates for your new car or your current vehicle, we can help you get the coverage you need.
Purpose of Auto Insurance
Auto insurance provides for the repair or replacement of vehicles damaged by various hazards. While nearly all policies cover motor vehicle accidents some also cover vandalism, weather damage, or provide for services such as towing.
Insurance is the method by which people transfer the risk of monetary loss from themselves to an insurance company. You do this by paying a premium.
You may purchase auto insurance for a variety of reasons. It protects you from great expense should your car be badly damaged in an auto accident. Many people opt for coverage that provides towing services or sends assistance to you if you become stranded with a vehicle that is broken down or out of fuel. Some insurers will cover the cost of a rental car while the insured vehicle is being serviced.
People, as well as inanimate objects, are also damaged by auto accidents. Since medical care for serious injuries can be quite expensive, it is a good idea (and may be required by law in some areas) to carry insurance that covers personal injury. This helps cover not only the driver of the covered vehicle but the passengers, occupants of other involved vehicles, and even pedestrians so that they can also be compensated.
Vehicles used in the performance of all kinds of work should also be insured. While the operation of transportation is a fairly risky activity, vehicles with earth-moving equipment, trailers, cranes, generators and all other manner of devices can present additional hazards to people and property. Owners of such items often feel much more comfortable procuring insurance and are often required by law.