Why Is Car Insurance Legally Required?
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasThat is a great question! The answer lies in the amount of potential damage that can be done in an automobile accident. The damage done to the cars is very expensive to fix; if the cars damaged someone's property, those repairs will need to be paid for also. And God forbid, if there are injuries? We all know how expensive healthcare is. Then let's add a lawsuit to that pile. To avoid having that kind of risk, Auto insurance was made a requirement . The penalties for driving uninsured were made very stiff to help put teeth into the law. I hope that explains it for you. Thank you for asking!Answered on May 10, 2014flag this answer
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