The Insurance Information Institute reports that one in eight drivers is uninsured. While this figure might seem low, it’s actually a massive problem. Uninsured drivers risk financial disaster by ignoring their legal obligation to maintain adequate coverage. In addition to facing hefty fines, they also risk losing their vehicle and other valuable assets. Without insurance, you may not even know if you’re at fault in a collision.
While the percentage of uninsured drivers has been steadily decreasing since the start of the recession, the problem persists. According to the Insurance Research Council, approximately 12.6 percent of motorists in the United States were uninsured in 2019. While this rate has fallen in recent years, it still stands at a significant percentage. In fact, the proportion of uninsured motorists varies from state to state.
Inexperienced drivers often skip buying auto insurance and assume that they can avoid accidents. However, accidents can cost hundreds of dollars in damages and leave the victims with nothing. Driving without car insurance can also put you at risk of being sued by an at-fault driver. Therefore, it’s best to make sure you’re protected by car insurance. This way, you’ll avoid having to pay for someone else’s medical expenses and car repairs.
Drivers who choose to go uninsured may think that they have nothing to lose financially. However, they may be wrong. If you’re involved in an accident, it’s impossible to collect compensation, and you might even lose your license. Even if you’re not at fault, the consequences could be life-altering. Don’t let the fear of being caught driving without insurance keep you from enjoying the freedom to drive and protect your family.
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