Paying off your car is a major milestone. Once that final payment is made, it’s tempting to cut back on expenses, and for many people, that means considering dropping full auto insurance coverage. While this might seem like a good way to save money, it’s not always the best decision. At THINK Insurance & Financial Services in Pomona, CA, we often discuss with drivers why keeping full coverage is a smart choice.
Your Car Still Has Value
Even if your vehicle is a few years old, it likely still holds significant value. If you only carry liability insurance and your car is damaged in an accident, you’ll be responsible for the repair or replacement costs. Full coverage includes comprehensive and collision protection, meaning your insurer helps pay for damages caused by accidents, weather events, theft, or even hitting a deer.
Accidents Happen When You Least Expect Them
Accidents can happen at any time. Whether it’s a minor fender bender in a parking lot or a more serious collision, full coverage provides peace of mind. It helps cover the cost of repairs or replacing your vehicle, ensuring you’re not left scrambling for transportation.
It’s Not Just About You
If an uninsured or underinsured driver hits you, full coverage can step in where their policy falls short. Unfortunately, not every driver on the road carries adequate insurance. Having your own protection in place can make a significant difference.
We’re Here to Help
If you’re unsure about what kind of coverage makes sense for your situation, let’s talk. At THINK Insurance & Financial Services in Pomona, CA, we’re happy to review your policy and help you make an informed decision. Your security and peace of mind are worth it.
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