Car insurance is necessary for cars?

[shahrukh081991]

I purchased new car one month ago some of my friend suggesting me to buy Car Insurance.let me know it is ok without insurance or it is necessary?

[TM]

For a brand new car for the initial 3-5 years I always go for insurance, but in case of buying a used car which is more than 4 years old.... phir Allah kay hawalay

[shahrukh081991]

Thanks Sir

[ziaullah08]

Its not necessary but if you live in a city where more chances of Car Stolen/Accident/theft like Karachi, then its better to have this

[arslansarwar]

Necessity of car insurance depends upon your preferences.

If you're very much concerned about your car getting damaged, stolen or accidented and you don't want to bear that loss, then you should definitely opt for car insurance.

If you know that you can bear the loss of your car in case of any misfortune, then its not necessary at all.

I never got any of my vehicle insured and got 1 stolen too, but still i believe it was my mistake that i parked it without being under my custody and now have to bear the loss.

[joannadavis768]

Auto insurance is a contract between you and the insurance company that protects you against financial loss in the event of an accident or theft. In exchange for your paying a premium, the insurance company agrees to pay your losses as outlined in your policy. So this is very important for vehicle owners.

[abid110]

if you want through Adamjee Insurance, inbox me, i will arrange at a discount

[shahrukh081991]

Kindly suggest me the best three companies of insurance

[TM]

Umm Askari is a good option too.

[abid110]

Adamjee and Efu are top. for Adamjee Insurance you can contact me and i will arrange insurance at a discount.

[johnrachel268]

It's better to have an Insurance as it can protect against your financial loss.

[phoebeshea852]

Yep man...if you think that you are a careful driver, you might be right but don't forget that there are not many as you. I had an accident and that wasn't my fault, I was hit. Thank God I'm okay but my car not. I spend a lot of money, my money on my vacation with my girlfriend. No brain, no insurance. It doesn't matter if it's a new car or an old one. I regret that moment forever that is why now I choose Money Expert They promise the lower price ever. They were right, now i'm able to save money for our future vacation but after we will be free of all these restrictions.

[sonodezdred758]

Great! Thank you for the information.

[millersuestj]

In my opinion, it is necessary. You never can know what will happen to your car. You can read on moneyexpert.com about the benefits of insurance. For example, once got in an accident. My car was destroyed. The insurance company offered me a sum of money for my car. In other cases, I could sell my car by myself or repair my car, and I will need to pay for my insurance more money. I chose the first offer because it was the most valuable. I was happy because I got at least some money from a car that got in an accident.

[brownrose78]

As per my experience as customer, I will rate insurance companies in this order:

1. Jubilee Insurance
2. Adamjee
3. EFU

[usama.seo]

Yes, car insurance is necessary because it provides financial protection against damages, theft, or accidents. It’s often required by law, and having it ensures that you can cover repair costs and legal liabilities, protecting both yourself and others on the road. You can read more about it from here.