If you drive a vehicle, you need auto insurance coverage. It really is just as simple as that. It is illegal in all 50 of the United States to drive any motor vehicle without proper insurance coverage on that vehicle. Each and every state has a minimum requirement which must be met in order to operate a vehicle in that state. While the law is pretty straight forward and most states have a uniform code of insurance requisite, it is wise to verify what your requirements are with the state department of insurance.
Over the past decade, great strides have been made on both the State and Federal level where auto insurance coverage is concerned, making sure that those who adhere to the laws are protected against those who do not. Each year, thousands of car accidents occur with uninsured and under insured motorists.
Unfortunately, those who carry proper auto insurance; law abiding citizens, are frequently victimized by those who think they are above the law. When an individual is involved in an accident with an uninsured motorist, the financial burden is theirs, even if they were not at fault.
One can attempt to sue for compensation and damages in civil court but frequently, individuals who drive without car insurance do so because they do not have the money to make the monthly premium payments. It is very unlikely that any sort of litigation brought against the other party would amount to any reward.
Unfortunately, many individuals think that they cannot afford car insurance so they forgo it. The truth of the matter is that you cannot afford not to have auto insurance. Most states require that motorists have bodily injury liability coverage as well as property injury liability. The amount of the minimum requirement ranges from $10,000 per person injured to $50,000 per person injured by you with a maximum of two times that amount per auto accident.
The minimum requirement for property injury liability coverage ranges from $5,000 to $55,000 in coverage per accident. See your State Insurance Commissioners website in order to find out exactly what your requirement is.
Keep in mind that those are just the minimum requirements. Most no fault states also require P. I. P. Coverage or personal injury protection coverage. P. I. P. Coverage for residents living in no fault states dictates that regardless of who caused the vehicle accident, your auto insurance coverage company must pay for your medical bills and the medical bills for everyone who was a passenger in your vehicle at the time of the crash as well as any pedestrians (not other passengers in other vehicles involved in the crash) who were injured in the automobile accident.
This coverage is put in place in the hopes that individuals will not sue each other over auto accidents. There are other riders that can be added to most auto insurance coverage policies such as uninsured driver and under insured driver coverage. They help victims of auto accidents take care of the costs associated with the accident when they are struck by someone who has little or no coverage. It is always best to have the most coverage possible because you never know exactly what to expect.
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