The Wall Street Journal reported in December 2008 that the number of uninsured motorists is increasing due to the recent downturn in the economy. More drivers are dropping their car insurance, leading to more crashes involving uninsured drivers. This in turn leads to higher costs for those who stay insured. As M.P. McQueen writes in the article:
“The trend is bad news for everybody on the road. If you’re hit by an uninsured motorist, you may have to sue to recover costs, and many uninsured motorists have few assets. You can protect yourself by carrying uninsured-motorist coverage – almost half of states require the added coverage – but this may boost your premium.”
An automobile accident can be life-changing, both financially and physically. Having adequate insurance – including appropriate insurance for times when an uninsured driver is involved in your accident – protects you and your passengers from having to foot the bill yourselves.