Giving Thanks for Everything Your Car Insurance Does for You-Whether You See It or Not

How much would you say you know about what your car insurance company does for you? Do you know all the behind the scenes players? Or are you just starting to figure out the benefits of all of those insurance payments you make each month? With Thanksgiving coming right around the corner now seems like the right time to sit back and give thanks for everything your insurer does to keep your life flowing smoothly.

This Thanksgiving, don't forget to lift a toast to your car insurance company. Why? For starters, what about the way your liability car insurance saves your bacon every day?

Most people don't really think about the significance of their liability car insurance coverage until they've been in an accident. Hey, no one's blaming you for it. You have no reason to. If you've had to receive medical care for anything lately, however, you're already well aware of the fact that the cost of health care is currently bordering on the obscene. If you're not carrying a health insurance policy, affording regular health care is often out of your reach.

Your health insurance isn't going to do a thing to help cover the cost of medical care for the other driver(s) after you've been in an accident. It's not even going to be an option. When a single day in the ICU costs over $5,000 and there's no limit to the amount of time they could spend in there the number of zeros in the hospital bill you could be handed is almost inconceivable.

Then there's the cost of fixing your car up. Hopefully you didn't buy into that old wife's tale about how it's just not worth it to put comprehensive and/or collision on your car when you actually own it outright and went ahead and put the extra coverage on anyway. The difference in your car insurance rates is all but negligible, but the way it can rescue your bank account (and your credit) when you've been in an accident is astounding. They'll step in and pay to repair or replace your car, whether it's been swallowed whole by a tsunami or liberated from the oppression of ownership by someone who decided your car stereo would make a sweet addition to their personal collection.

Either way, you'll be shelling out a deductible rather than the full cost of the repairs, and that's always good news. So don't forget to take a little time to be thankful this Thanksgiving. Your car insurance deserves it.