Numerous articles, blogs, commercials, and videos have highlighted the many benefits of insurance. But what’s the downside to not having insurance? It can have devastating consequences if you don’t keep your coverage.
This article outlines the dangers of not having insurance, and highlights the importance of protecting yourself and others. You’ll also be protecting your passengers and the vehicles you drive.
Protect your risk
You are protecting yourself from risk, just like other types of insurance. A policy gives you the assurance that you are covered in case something happens. It is easy to lose that peace of mind by not having coverage. This can lead to anxiety, nerves and financial problems.
This protection is not meant to be a guarantee that you will never need it. However, it can help you sleep better knowing you have it. It’s also the law in nearly every state.
Your policy will also cover you against uninsured drivers. Even if you are not at fault in an accident, you will still be covered financially if the other driver has insurance. There are many bodily injury options. You should always go beyond the minimum state requirements.
Avoid Penalties or Charges
In many states, you can be charged with criminal offenses for not having auto insurance. Savings on premiums over the years will not be enough to cover the financial risk of being found without it.
Uninsured motorists sometimes flee an accident scene out of fear. They forget that they are now in a possible felony situation (Hit & Run). Additional charges, such as DUI, could also be brought against you.
This is why it is so easy to see how the reasonable cost of premiums can be much lower than the possible fines and charges that could result from not having a policy.
It’s simple to buy a policy online through reputable websites. We provide no obligation to compare the different options offered by major carriers like Allstate, Geico and Progressive.
It is important to maintain coverage. Each state has different requirements about what level, how much, and what type of coverage you need. Make sure you update your address every time you move and get a quote if needed. Your rates could be reduced depending on where you move to. The lowest rates are usually found in states like Maine, Idaho and Ohio.
The Right to Drive is being lost
Drivers caught driving without insurance can face severe consequences. Authorities may also put restrictions on your driving ability, in addition to the harsh penalties that can be imposed by some states. Driving without insurance could result in your vehicle being removed from the registry.
It might seem tempting to save money on premiums but take the risk. Don’t take that risk. It is not worth it, and if an accident happens while you aren’t insured, you will end up paying a lot over time.
However, as we’ve seen, the consequences of not having insurance can be very costly if you are caught. Car insurance is essential to protect you and other road users.
You will feel safer with the protection and peace of mind that comes with it. Your contract will likely not be used. If that happens, you will be rewarded with loyalty and no claim discounts.
Long-term, you will be left uncovered
You could end up paying more if you don’t have coverage, whether you do so intentionally or not. Carriers don’t like people who have let their insurance lapse. They argue that they are more likely to be sued by policyholders who are at higher risk. In order to save money, you might be able to pay higher premiums if you go without coverage for a short time. The premiums you pay more will not be small increases. Your rate could increase by as much as 80%.
