Isn’t every driver legally required to carry insurance? Yes, in theory. Unfortunately, the reality is that 1 out of 7 drivers on the road are uninsured. They typically don’t have much asset or income. Collecting from them could take years. If, God forbid, you got injured by another car, it is painful enough to deal with your medical problems. It’s not time to fight a medical+financial double whammy.
This is where the Uninsured Motorist coverage really helps. Now, your own insurance pays you immediately if you are hit by an uninsured driver. This is a vital protection for yourself and your family. The good news is that it doesn’t cost much.
To save money on insurance, it is much more sensible to have at least $100K Uninsured Motorist coverage than having rental reimbursement or low deductibles. To see more details about what auto insurance coverages are vital and what are not, please check out Getting enough coverage is easier and cheaper than you thought.