Were you aware that over 17,000 car crashes happen each day in America?
Insurance is there to help people recover from crashes, but sometimes, policies aren’t good enough. Many people lack uninsured motorist coverage.
Is it worth adding this type of coverage to your auto policy? Read on for our uninsured motorist guide.
Table of Contents
Types of Insurance
Auto insurance comes in various types, which can include the following:
- Liability insurance
- Collision insurance
- Comprehensive insurance
Liability insurance covers you when you harm others or damage property. Collision insurance protects your vehicle if it’s ever involved in a collision. Comprehensive insurance takes care of vehicle damage caused by non-collision events, such as theft or natural disasters.
Understanding Uninsured Motorist Insurance
Uninsured motorist insurance gives people another layer of coverage if they ever get into an accident with someone else who either has no insurance or does not have enough coverage to pay for damages and injuries.
In some states, uninsured motorist coverage also includes underinsured motorist coverage. This covers you if the other driver’s insurance limits are too low to cover your expenses. You can learn more about New Hampshire auto insurance if you live there.
The Financial Impact of Car Accidents
Car accidents can devastate your finances, especially if the at-fault driver doesn’t have insurance. Without uninsured motorist insurance, you could be left responsible for covering the following:
- Your medical bills
- Vehicle repairs
- Other relevant expenses out of pocket
The Importance of Uninsured Motorist Insurance
Imagine you’re in a car accident caused by a driver who doesn’t have insurance. Without uninsured motorist insurance, you might have to depend on your health insurance to take care of every medical expense. Your health insurance may not even cover things related to car accidents, like lost wages.
Having uninsured motorist insurance can provide peace of mind, knowing that you’re protected no matter what other kinds of drivers you encounter on the road. While it may seem like an extra expense, the financial protection you can enjoy could outweigh the cost.
Insurance Policy Considerations
If your car gets damaged in the accident, you’ll have to pay for repairs yourself if the at-fault driver doesn’t have insurance. This can be pricey, especially if your vehicle is quite damaged.
Before purchasing uninsured motorist insurance, it’s essential to take a close look at your current policy. Some policies may include uninsured motorist coverage as part of their standard package, while others may offer it as an optional add-on.
Making an Informed Car Insurance Decision
When comparing quotes, consider the cost of uninsured motorist coverage relative to the potential consequences of a crash with an uninsured driver. In many cases, the peace of mind and financial protection offered by uninsured motorist insurance make it a worthwhile investment.
Having a Robust Auto Insurance Plan Is Always Wise
Encountering an uninsured motorist can be a nightmare, which is why many people get this type of insurance coverage. Consider these points to see if uninsured motorist insurance makes sense for you.
Will you use this uninsured motorist info? Get more handy content by diving deeper into our other blog posts.
Andrea Parker is a reporter for Zobuz. She previously worked at Huffington Post and Vanity Fair. Andrea is based in NYC and covers issues affecting her city. In addition to her severe coffee addiction, she’s a Netflix enthusiast, a red wine drinker, and a voracious reader.
