Do you have a car? Haven’t insured it yet? What are you still waiting for? Having car insurance is extremely important as your expenses will be covered should your vehicle incur damage. Accidents happen all the time, so it is reassuring to know that you are covered financially if you are involved in one.
It doesn’t matter if you are a low risk driver or a confident and optimistic driver a.k.a the famous ‘millennial’. Odds are something will happen to your car, even when someone else is driving it, and you will end up paying a ridiculous amount.

Still clueless as to what paperwork is needed? Don’t stress! It is of vital necessity to have information about your vehicle readily available. The make, model and year of the car to be insured are required. Also you will need to indicate whether your vehicle was purchased or leased. For brand new cars, this is what you need; purchase invoice, registration book, driver’s license and a proposal form. For second hand cars; you need an inspection and valuation report, registration book as well as a driver’s license.

You will also be asked how the car will be used. Is it for business or pleasure? Will you be commuting to work every day and if so, what is the estimated mileage and the distance driven annually?

All this information is important so as to avoid situations where safe drivers are put into the same risk pool as risky drivers. Safe drivers should not end up subsidizing risky drivers and end up paying more than they need to.
Finally, you will also be able to complete the level of coverage desired, level of liability coverage, and collision and comprehensive deductible amounts respectively.

If saving money was your priority this year, then you most definitely need to consider having your car insured. It is never too late! Better safe than sorry!