No one is safe from car accidents. No matter how well one drives, they are just one driver out of millions in the United States, and the risk of getting into an accident remains. This is why minimum liability insurance is the bare minimum policy that is required by law in every state with most states requiring higher amounts of protection.
A frightening trend is that uninsured motorists are back on the rise in the US. According to the Insurance Information Institute, the newest set of data indicates that 13%, or just over one in eight, of drivers were uninsured in 2015. While also violating the law, these uninsured motorists put themselves and the drivers around them in financial danger by continuing to drive uninsured.
Dangers to Themselves
Uninsured motorists are putting themselves in the most danger. From a legal perspective, being caught driving uninsured has severe consequences that vary from state to state. These can include thousands of dollars in fines, having the driver’s license suspended or revoked, or jail time.
There is more than only legal danger for uninsured motorists. Driving without an insurance policy means that there is no financial protection from an insurance agency should the driver get into an car accident. An uninsured motorist can find themselves liable for thousands of dollars in repair costs for both vehicles if they are at fault in an accident with another vehicle.
Dangers to Other Motorists
Uninsured motorists are a danger to those around them. While uninsured motorists should be liable for accidents they cause, often it is insured drivers and their insurance companies that are left paying for repairs.The only real way to recoup expenses for the insured driver is to take the uninsured driver to court.
According to CBS, drivers in the US end up paying about $12 billion due to uninsured motorists per year, and this figure does not include legal fees of taking uninsured motorists to court. Uninsured motorists add $67 to a typical policyholder’s annual bill.
While uninsured motorists put themselves in potential severe legal and financial danger by driving without a policy, they are also a danger to insured motorists. While there are measures that can be taken such as uninsured/underinsured protection coverage, uninsured motorists pose a danger to those around them. No one is safe from an auto accident, and with 13% of US drivers being uninsured, insured motorists have a dangerous chance of getting into an accident with them. With the number of uninsured motorists back on the rise, it is unknown how much more financial damage will be caused in the coming years.