What is the primary purpose of motor insurance?

The primary purpose of motor insurance is to provide financial protection against loss or damage to vehicles. This encompasses a wide range of scenarios, such as accidents, theft, and damage caused by natural disasters. By having motor insurance, policyholders can mitigate the financial burden that often accompanies vehicle-related incidents.

While covering repair costs for personal vehicles is a part of what motor insurance can offer, the broader scope of financial protection against various forms of loss or damage is what underscores its primary purpose. Roadside assistance services and enhancing the resale value of vehicles may be additional benefits or considerations associated with motor insurance, but they do not represent its fundamental objective. The main focus remains on providing a safety net that helps individuals recover financially from unexpected events involving their vehicles.