Is Uninsured Motorist Coverage the Best Option for Me?

This year has taken many by surprise, especially when it comes to finances. So, as you sit at your table trying to balance your checkbook and take a closer look at your money, you may be evaluating your car insurance coverage. You might be wondering about uninsured motorist coverage? Do you even need it?

Real Dangers

Many states require drivers to insure their vehicles with at least the minimum amount of coverage available. However, the number of uninsured drivers on the road at any given time might surprise you. According to the Insurance Research Council (IRC), some of the top ranked states in estimated percentage of uninsured drivers surpass the 20% mark. That’s one in five drivers who are uninsured! But why should this matter to you as you begin to update your insurance coverage?

Essential Coverage

If you or someone you know was to get into an accident caused by an uninsured or underinsured driver, the troubles would be plentiful. In most cases, the driver at fault’s insurance would cover your medical bills and car repairs. But if there’s no insurance to cover them, you may be required to handle that. That’s time and money out of your pocket in a year when both are luxuries!

With uninsured driver coverage, you can keep your mind at ease. That’s because, in the event of an accident with an uninsured individual, your coverage can take care of your medical and repair expenses.