A car is a rather large investment. You are going to be investing a certain amount each month for approximately five years, assuming you got the car on a financing arrangement. It is very important that you take good care of this investment and this is where insurance for cars comes into play.
Think about how expensive it is to repair a car that has been damaged in an accident. You may not be able to afford to pay for the damages to be repaired properly if you do not have insurance for cars. Not everyone has a few thousand in cash lying around waiting to be used to pay for repairs for a car. If you have the right kind of insurance for cars then you will only be obliges to pay the excess payment if you are in an accident. This is generally going to be a lot less than the full cost of the repairs to the car. If it were not then you would not have to make a claim in the first place.
Now think about what you would do if you did not have insurance for cars and your car was stolen. You would have to replace the car out of your own pocket and the bank that loaned you the money would not care that you no longer have the car. You would still owe the money on the car that was stolen and on the car you will buy to replace the stolen car. If you had insurance for cars then you would be able to claim the market value of your car back from the insurance company which you could then use to pay off what remains on the car and perhaps get a new car.
There are a lot of things that can go wrong with a car and you need to be able to get your finances sorted out so that you can pay for all these eventualities. It is very easy to end up in an accident that will cause your car to be written off or simply damaged to an extent that is beyond you to pay for. Your car insurance will be able to cover at least some of that damage for you and you will only be liable for the excess payment. If your car is stolen then the only thing you can do is either claim from your insurance or sit down and cry because you will often not be able to afford to buy a new car without a payout from your insurance company for the stolen car.
As you can see insurance for cars is something that no person who owns a car should be without. It will help you to repair your car when it is damaged in an accident or to replace your car if it is stolen. It will cost you a little each month, but it can be very helpful and even invaluable if things go terribly wrong and you are going to be left without a car if you do not have insurance.