Auto insurance is a unique type of monthly expense. It is unique because it is one of the few expenses you have that is required by law. At R&B Insurance Solutions LLC, we can help you better understand the different insurance options open to you in Oklahoma.
Do I Need Auto Insurance?
Auto insurance is required by law to keep drivers and pedestrians safe from huge expenses that can result from car accidents. Without this type of coverage, people could be left financially vulnerable following accidents.
What Happens If I Do Not Have Insurance?
If you fail to carry the proper type of car insurance, you could face heavy expenses in the event of a car wreck. You could also face serious legal consequences if you are caught without insurance. These consequences can include having your license suspended or facing fines.
If you are involved in an accident that involves other drivers, and the accident was your fault, you can also be held liable for their expenses. You might also be held liable for medical costs if people are injured. If anyone involved chooses to file legal charges against you, you might also be held liable for legal fees. You should always keep at least the minimum required coverage to avoid these consequences.
Why Are Insurance Premiums Different for Different People?
You may have noticed that different people pay different amounts for car insurance. This is because insurance premiums are created based on the type of risk factor that a person presents. For instance, young aisles present an excellent insurance risk while driving than middle-aged females. Another factor that can affect the cost is the type of vehicle you are driving.
If you want to learn more, don't hesitate to contact us at R&B Insurance Solutions LLC, serving Oklahoma. We will be happy to help you.