The most important reason is for your own peace of mind. If you have insurance, you don’t have to think of what you will do in case you are involved in an accident or in any unfortunate things that might happen to you. You don’t have to touch any savings you have.
It protects you and your family. This is especially true if you are always together, by having an insurance, you are always protected and you are always safe that you will always have something to help you when the inevitable happens to you or your family.
Lastly, get one because you are financially literate and you care about your future. Most people only think about the present, not long-term. Insurance is something you pay for but you don’t want to use. Because technically, you can only get the benefits of insurance when something bad happens to your car. But because you are financially smart, you know that this protection allows you to focus more on spending on other things like your house, or your children’s education. Because you know, when an accident happens, you are covered.