Auto Insurance Versus Auto Warranty Mississippi MS

Reader’s Question:

Do I still have to buy auto insurance when my auto warranty is not going to expire any time soon? What are the advantages of having auto insurance versus having auto warranty here in Mississippi?

Mason

Jackson, MS

Well, there is a very big and essential difference between these two: auto insurance and auto warranty.

As with a lot of products, auto warranty is always given by the vehicle manufacturer to the consumer as a form of assurance that the vehicle is not defective. This is a direct agreement between the consumer and the dealer. The basic factory warranty lasts for a limited amount of time, usually around three years, or a limited amount of mileage. Basic factory warranty covers the payment for most repairs and the labor involved. You just have to be sure which coverage you have by double-checking your auto warranty.

Now, auto insurance also covers for repairs of damages for a various amount of reasons. But you cannot skip availing of auto insurance because it is mandated by law in each state for every driver to carry at least the basic liability auto insurance coverage. This is what serves as assurance to the state’s department of motor vehicles that a driver is capable of paying for damages when he or she gets into a car accident. Unfortunately, Mississippi is not exempted from this.

Also, sure, your basic factory warranty may be able to cover for some repairs for your vehicle, but what about the other damages you would have when you get into an accident? What if you are at fault and the other party needs medical attention? Who pays for the damages to the properties of other people involved? This is where auto insurance steps in. Auto warranty shall cover repairs only for your car, whereas auto insurance has wider coverage.

Now, do you clearly see the difference of auto insurance versus auto warranty?

Tags: auto insurance, auto insurance coverage, warranty