Car is counted as a valuable asset and it could be very expensive if it is damaged. In replacement of the parts for repair of a vehicle you pay from your pocket even if you are not responsible for the damage.
There are some causes that are not related to driving, accidents such as theft or damage in storms. In this regard, you lose your asset and cannot replace your car that are stolen or damaged without insurance.
Car is counted as a valuable asset and it could be very expensive if it is damaged. In replacement of the parts for repair of a vehicle you pay from your pocket even if you are not responsible for the damage.
There are some causes that are not related to driving, accidents such as theft or damage in storms. In this regard, you lose your asset and cannot replace your car that are stolen or damaged without insurance.
1. Car Insurance cover the liabilities which may arise if you lose your car, injure another person or damage another's car with your car.
2. Car Insurance company pays all the damage for which you are liable.
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Source: http://larryjohn.articlealley.com/need-of-car-insurance-policy-53385.html