Uninsured Motorist Exposure Rising Dramatically
Earlier this year the Insurance Research Council(IRC) reported that nationally 1 in 6 drivers were likely uninsured and rates of uninsured drivers approaches 1 in 3 in some states. The report noted a remarkable correlation between unemployment and being uninsured. Making this point even more clear recently, Robert Hartwig of the Insurance Information Institute (III) stated to the Insurance Council of Texas Insurance Symposium that the average driver could now be commuting with 1 in 5 drivers uninsured and 1 in 3 drivers in challenged economic areas! Adding to the concern is unemployment remains persistently high and it could go higher.
This information highlights the importance of maintaining adequate uninsured and underinsured motorist protection on your policy. Everyone is looking to save money on their insurance. However, shopping your car insurance for the cheapest premium is often done at the expense of coverage. Uninsured/Underinsured Motorists is a coverage where a few dollars could change someone’s life after an accident. Make sure to shop for the best value for your auto insurance. Contact a Insurance Professional like Josh Lane (720)974-1701 to shop for the best auto insurance value. This also further demonstrates the need for health insurance. You could be in a serious auto accident, not be at-fault, and on your way to bankruptcy.