Auto Insurance Coverage

Advantages & Disadvantages of Uninsured Motorist Insurance


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If you are ever been an automobile accident, are not at fault, and the other driver does not have car insurance, uninsured motorist insurance will pay for damages to your vehicle and medical expenses for you and the passengers in your vehicle. Uninsured motorist insurance is required in many states and it is often included in many comprehensive collision car insurance policies. However, there are some advantages and disadvantages to uninsured motorist insurance.

Advantages of Uninsured Motorist Insurance

As stated above, uninsured motorist insurance will pay for damage to your vehicle and medical expenses when the other at fault driver has the car insurance. Some estimates state that as many as one out of four, or 25%, of all drivers on the road have no insurance or are seriously underinsured. Also, these same studies show that uninsured motorists account for almost half of all at fault accidents. So, if you're involved in a car accident, your chances are pretty good of being hit by someone that doesn't have car insurance. When this occurs, uninsured motorist insurance can help you avoid having to file suit against uninsured driver to have your expenses and medical bills paid.

In addition to damage caused for your car and medical expenses, uninsured motorist insurance can also pay for lost wages, pain and suffering and other types of miscellaneous expenses. The types of benefits paid by uninsured motorist insurance will depend upon the terms of the policy contract.

Disadvantages of Uninsured Motorist Insurance

While uninsured motorist insurance can help you in the event you are hit by a person that does not have car insurance, there are times when the coverage doesn't seem to make as much sense. If you live in a no-fault car insurance state, you will generally be required to file claims with your own insurance company regardless of who is at fault. Therefore, if you live in a no-fault state, uninsured motorist insurance may not be as attractive an option for you.

Also, many studies show that when it comes to disputing claims settlements, insurance companies dispute more claims regarding uninsured motorist insurance than with any other type of car insurance policy. In short, sometimes car insurance companies will simply try to escape their liability to pay claims for uninsured motorist insurance. So, many experts advise that if you're going to make a claim against your insurance company reap regarding and uninsured motorist insurance policy, you may want to seek the advice or assistance of a qualified attorney.

If you car insurance company gives you any problems at all regarding about paying out on an uninsured motorists policy claim, you should immediately seek the advice of an attorney and ask him/her about other possible options.

Another drawback with uninsured motorist insurance is that it does add expense to your car insurance premium rates. While it is not one of the most expensive types of coverage to add to car insurance policy, it is still basically paying for coverage that you should not have to have because all drivers on the road should have adequate insurance anyway.

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