Uninsured Motorist Coverage - Why Are More Drivers Are Uninsured Today?

The worsening recession and mounting job losses Shogun Warriors Limited Collectors Edition an unexpected increase in uninsured motorists. Hundreds of thousands of people all over North America are canceling their car Easy Bake Oven or allowing the policies to lapse. One reason is the increasing unemployment rate. As people lose their income, they begin to cut back on their expenses. Tragically, one of the things they cut is their car insurance policies.

However, some drivers are just trimming their coverages, lowering their coverage to the minimum liability level that keeps them legal drivers.

Even in good times, insurance studies show that about 15% of drivers nationwide are driving without insurance. In states that have a large immigrant population, it can be as high as 25% uninsured drivers.

What happens to you if you are in an accident with an uninsured driver? If the accident is the uninsured driver's fault, you will not have his insurance to pay for Mr. Mxyzptlk damages or injuries. Statistically, those who drive without insurance have very few assets. So, even if you file a lawsuit to recover damages, the uninsured driver is likely not collectible.

What can you do to protect yourself and your family? Make sure that your car insurance policy includes Uninsured Motorist AND Underinsured Motorist coverages. Choose the highest liability limits available through your agent. UM coverage also protects you from hit-and-run accidents and injuries if you are a pedestrian. And Underinsured Motorist coverage protects you from those drivers who have chosen minimum coverage.

If you are thinking about dropping your car insurance, know that people who allow their policies to cancel for any reason can face surcharges of 25% to 50% when they try to buy insurance again. The companies consider them to be high risk drivers, which they are!

Many states require drivers to buy Uninsured and Underinsured Motorist coverage. Driving without insurance is illegal in 48 states. Only Wisconsin and New Hampshire will allow drivers to file a financial responsibility form with the state to drive legally.

Now, I'd like to offer you two special reports at no cost. One is "5 Things To Do When Shopping For Car Insurance," and the other is "5 Things To Avoid When Shopping For Car Insurance." Each one is a $9.95 value, but free to you when you sign up for my newsletter at the website address below.

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