Is Vehicle Insurance Part of Your Monthly Budget?

How to Save a Quick $250 in Your Yearly BudgetRegardless of the brand or model of the vehicle you drive, there is one thing that will always be required. If you are going to drive, you are going to need insurance on the vehicle. While many people believe this is something they can get around, it simply isn’t worth the risk.

Driving without insurance puts you in great danger. No, you’re not exactly at a higher risk to be involved in an accident. But, you could be in danger of many severe consequences. You could lose your license, you could be setting yourself up for financial disaster, and you could find yourself sitting in a jail cell.

Money was just too tight

The night of my accident, my wife and I had been in the middle of pretty difficult times. She had to give up her job a few months prior due to the birth of our child. Money was tight and things were difficult at the time, but the addition to our family made the sacrifices we endured well worth it. Except for one.

When we first felt the pressure from the loss of her income, one of our first moves was to compare auto insurance rates of different companies. We found a company that offered a significant difference in the monthly premium we were already paying, but we lacked the money that was needed to begin the new policy.

We new driving without insurance was illegal, but we found comfort in the fact that we were both great drivers. Neither of us had ever received a ticket, let alone be involved in an accident. We decided that insurance was something we could go without, just until we were able to get back on our feet.

Even the report indicates that the accident wasn’t my fault. However, because our car was uninsured, I was given the blame and held legally responsible. The small area we lived in was making a push at the time against uninsured motorist, and I was the perfect example of what could happen.

I was in shock as the officer placed handcuffs around my wrist and placed me in the back seat of his car. I was taken to jail where I would wait for my court appearance the following afternoon. I would like to say that was the worst that happened. That just simply isn’t the case.

Facing the consequences

Once I was in front of the judge, matters only got worse. Although it wasn’t my fault, damage had been done to the other driver’s truck. Because I was now legally responsible and didn’t have insurance, it would be up to me to pay for the damage. Out of my own wallet.

Because of the fact that I was in jail waiting to go to court, I was unable to be at work that morning. Hearing about my new need for money wasn’t enough to persuade my employer to save my position. The company has a strict no absence policy and the fact that I missed work due to being in jail didn’t help. My employment had been terminated.

You may believe that you can not afford to insure your vehicle because of your circumstances. Trust me when I say, you can’t afford to get caught driving without it.

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