Auto insurance is a great invention. It protects us from the costs of an accident, and it can mean the difference between bankruptcy and financial ruin on the one hand and an inconvenience on the other. Not only that, but some minimum amount of auto insurance is required for every driver in the US by law. So can you get by with the minimum coverage? Maybe, but most people opt for more. One terrifying scenario is to get into a serious accident with a driver who has no insurance. That’s why you should protect yourself by looking for a policy with uninsured motorist coverage when you get insurance quotes.
Even though several states require you to show proof of insurance before you can even register you car, there will always be drivers on the road who either don’t have insurance at all or lack the required minimum amount. That’s where uninsured motorist coverage comes in. This type of insurance pays for damage caused in an accident by a driver who lacks insurance. As long as the accident was their fault, the insurance company will pay you for the cost up to the limit of the policy. In some states, you can even be paid even if the accident was partly your fault.
Uninsured motorist coverage is not required in any state in the US. Of course, neither is collision coverage, roadside assistance, or many other insurance options that many people choose to add to their basic policy. If you have a nice car, or if you still owe money on your car, you should consider getting uninsured motorist coverage to protect you from having to pay for a hit and run accident. These policies are often attached to low price auto insurance policies, and they’re readily available from most insurance companies. If you’re renewing your policy or getting a new one, inquire about adding uninsured motorist coverage to it.
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