Don’t Have car Insurance: What are the risks?
Unbelievably, many drivers don’t see the need for car insurance. In the United States, it’s the law that you must have at least liability insurance; liability pays for the other party’s auto and medical bills if you are at fault in a collision. If you are stopped by a traffic officer and found to be without at least liability insurance, you’ll be levied a stiff fine and possibly have your driver’s license suspended for anywhere from thirty days to a year!
In addition, most states will not issue license tags to uninsured drivers. There are drivers who get policies just prior to getting their tags then let it lapse so that they won’t have to pay the premiums. This is a prime example of false economy. A uninsured driver may be involved in a collision and be liable for damages, losing any property they might own and have their wages garnished for years, depending on the amount of damage and injuries the accident caused. Even if the collision isn’t your fault, a good attorney can manage to assign some fault to the innocent driver and ruin their lives. So — you better have the insurance for your Mazda mx-3 if you don’t want to lose your net worth…
If you have passengers in your car when you’re involved in a collision, they may be injured. Even if they have health insurance their insurance company needs to recoup its losses and will make a beeline to your wallet. Without at least liability insurance, they’ll take assets from you to help pay the expenses of your passengers. Having liability insurance protects you from these expenses.
If you can’t afford full coverage, liability coverage will fulfill your state’s legal requirements and protect you from financial ruin.
Yes, you really do need car insurance! More info on this subject in an article with the same title on Best Online Car Insurance Quotes.