Do I really need uninsured motorist coverage, or can I get by without it and still be adequately protected in the case of an accident with an uninsured driver?
Uninsured motorist coverage is not a legal requirement in every state, but it can provide crucial financial protection.
In 2024, approximately 12.6% of drivers in the United States were uninsured, increasing the risk of accidents with uninsured drivers.
Uninsured motorist coverage can help cover medical expenses, lost wages, and other costs resulting from accidents with uninsured drivers.
In some states, uninsured motorist coverage can also help cover property damage caused by uninsured drivers.
Uninsured motorist coverage typically covers you, your passengers, and family members driving your vehicle.
If you finance or lease your vehicle, your lender may require you to carry uninsured motorist coverage.
Uninsured motorist coverage premiums are generally affordable, costing around $15-$30 per year, depending on the state and coverage limits.
Stackable uninsured motorist coverage allows you to combine coverage limits from multiple policies, providing higher protection levels.
Underinsured motorist coverage can supplement uninsured motorist coverage by protecting you when the at-fault driver's insurance is insufficient.
In no-fault states, uninsured motorist coverage may be referred to as personal injury protection (PIP) coverage.
If you're involved in a hit-and-run accident, uninsured motorist coverage can help cover your expenses, as long as you can provide proof of the other driver's fault.
Uninsured motorist coverage may also apply if you're hit by a driver with a stolen vehicle or a driver whose insurance has lapsed.
If you're a victim of a staged accident with an uninsured driver, uninsured motorist coverage can help you recover from the financial impact.
Uninsured motorist coverage is generally offered with split limits, meaning different coverage amounts apply to bodily injury and property damage.
Uninsured motorist coverage can sometimes extend to accidents involving pedestrians, cyclists, or even uninsured motorists in other vehicles.
Some insurance companies may offer broad form uninsured motorist coverage, which provides protection even if you're partially at fault for the accident.
Uninsured motorist coverage may help pay for legal fees if you decide to sue an uninsured driver.
In states with high rates of uninsured drivers, carrying uninsured motorist coverage is highly recommended for adequate financial protection.
Uninsured motorist coverage can help maintain your financial stability by protecting your savings and avoiding potential debts from accidents with uninsured drivers.
Although uninsured motorist coverage is optional in many states, it can provide crucial peace of mind and financial security in the event of accidents with uninsured drivers.