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Drivers Need to Protect Themselves Against Uninsured Motorists

Some people still choose to go uninsured even though insurance rates are considerably low in comparison to health insurance premiums. It is important for properly insured drivers to be able to protect themselves against the financial consequences of being involved in car accidents with drivers that lack car insurance coverage.

California is one state where the number of uninsured drivers is on the rise. According to statistics, between 20 and 30 percent of drivers in the state are uninsured. In today’s day and age, this is just unacceptable. The unemployment rate is currently 9.2% which means that California which already has many unemployed people without a lot of money now have to endure the heavy burden of picking up the costs associated with these accidents.

The downside to suing people that lack auto insurance coverage is that most of the time they have little or no income to speak with. It can take years to attach someone’s wages and get thousands of dollars back in return to cover the financial losses that were incurred as a result of the accident in the first place.

Drivers will in most cases never get the money back that they require which is why remedies need to be in place to protect drivers from such circumstances. Now most of the 50 states already require that drivers have liability coverage on their vehicles.

However, most of the time this only pays out $30,000 to $50,000 in an accident. If for example two drivers are involved in a collision with an uninsured driver and there is $500,000 in damages and medical costs then a huge financial burden is placed on those two drivers and their auto insurance companies to try and take care of the financial issues that were involved.

One great option for drivers to protect themselves is to choose the highest uninsured drivers coverage possible.  This will help to greatly reduce the possibility of having to pay out any money when being involved in a car accident with an uninsured driver. Some people will balk at having to spend extra money per month for auto insurance but it is a great financial investment to make.

Some drivers have had to spend between $10,000 and $30,000 out of pocket to cover the financial consequences of being involved in a car accident with someone who was irresponsible and did not insure their vehicle. Most auto insurance companies do not increase policy premium rates by that much just to increase the uninsured motorists coverage.

The economy does not look like it will get much better in the future. Debt ceiling talks have made Wall Street nervous and the unemployment rate has yet to drop below nine percent in more than a year. People need to look out for themselves because n this life no one else will. Owning and driving a motor vehicle is a big responsibility. If people cannot afford to insure themselves in accordance with the law, then they should ask for a ride with someone else or use public transportation to get to where they need to be.

Drivers should contact their auto insurance providers about changing their uninsured motorists coverage. It takes just a few minutes and it can really help you down the road if for some reason you do end up getting into an accident with someone who has no car insurance coverage. It is better to be safe than sorry even if it does mean that you will have to pay extra money each month for this type of financial protection.

Source: Redding Record Searchlight