Best Auto Insurance!

What affect does an uninsured driver have on my auto insurance rates?

by Anita Johnston on 12/14/2010 02:08 PM

Uninsured drivers on the road are at an estimated 13% and these drivers are according to recent studies ten times more likely to be in an auto accident that insured drivers. It may not seem fair, but these drivers are actually driving up the costs of auto insurance, which makes more drivers drop their coverage, as they are unable to pay the high premiums, which then again makes the rates go higher. This is a vicious cycle, but someone has to pay for the damages and injuries caused by uninsured drivers.

Insurance companies pay out millions of dollars each year due to injuries caused by uninsured drivers and due to this, insurance companies must raise their rates in order to compensate for this money that does not come from thin air or from a printing press in the back office.

If you are wondering, what your odds are of being involved in an accident with an uninsured motorist, studies have shown that 10% of all drivers will be in a car accident with a driver without insurance.

The good news is that as long as you are a good driver you can find better rates or you can even purchase uninsured or underinsured coverage, which may cost a bit more but will help with the epidemic of those driving without insurance.

Compare insurance companies, their coverage’s, their premiums, and even their claims process. Let each company know you are comparing and it will certainly make them offer the best rate possible, as they want your business. If you are given a low quote, make sure the quote is not leaving out important coverage you need or you will be the one that loses in the end.

Even if you have an excellent driving record, do not believe that each insurance company will offer you the best rate. You should always compare even with so much money being paid out for uninsured driver accidents, there are still auto insurance companies out there offering wonderful discounts for good drivers.

The best way to get comparable quotes is by using a website, like ours that provides you with several quotes from local insurance companies. Each one knows you are receiving quotes from dozens of companies and will certainly offer the best deals. This way in just minutes you will have the quotes in your hand and can start learning more about the coverage’s and which company will be the best for you.