Why Get Uninsured/Underinsured Motorist Coverage

If you are a responsible driver, then you have auto insurance to protect yourself in the event of an accident. But not everyone is so careful and responsible. In fact, if you lack uninsured/underinsured (UM/UIM) auto insurance, you can be at financial risk should you ever hit by an uninsured motorist or by someone without proper coverage. This can happen more often than you might think. The Insurance Information Institute reports that 13 percent, or one in eight drivers, are uninsured. Find out more about this coverage and get multiple car insurance quotes from our website!

free quote for car insuranceIn many cases, those who are hit by an uninsured driver may find they are stuck with expensive medical bills and other costs. Unless you have UM/UIM coverage.

Uninsured motorist coverage is protection related to injuries received as a result of an uninsured, negligent driver. An uninsured driver is someone who did not have any insurance, had insurance that did not meet state-mandated minimum liability requirements, or whose insurance company denied their claim or was not financially able to pay it.

Underinsured motorist coverage is protection related to injuries received from an accident where the other driver is at fault has coverage limits too low to cover your expenses. Underinsured drivers purchase only the minimum coverage required by law, which in some states isn’t much. If a driver with low coverage limits causes you to sustain a serious injury, it is possible that the available insurance benefit won’t pay all your medical expenses. This is the definition of an “underinsured” driver.

You should have this policy because in some states it’s required and certain states have more uninsured drivers than others. Despite efforts by states to reduce the number of uninsured motorists on the roads, the Insurance Research Council found 13 percent of drivers nationwide were driving without coverage in 2015, the last year for which data is available. So, about 29.7 million people were uninsured during that year.

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