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Saving on Uninsured Motorist Auto Insurance

Saving on uninsured motorist auto insurance is a goal not very many drivers are really all that interested in. Many industry experts say that uninsured and underinsured motorist protection represent the most important parts of an auto policy. Yet all too many motorists overlook it entirely. In some states the problem of drivers being out on the roads with no insurance has reached epidemic proportions. But even in these states, many auto insurance policy holders are content to purchase only compulsory auto coverage and leave it at that. Including uninsured and underinsured protection is important because for a generally nominal premium, this part of the auto policy provides unique and essential protection that you can't get anywhere else. Saving on uninsured motorist auto insurance ought to be our focus, then, because it is worth including and certainly worth trying to find good deals on.

Uninsured Motorist Coverage Briefly Explained

Uninsured motorist coverage helps the covered policy holder deal with a situation that theoretically should never happen. Perhaps this explains the hesitance (or plain refusal) of some drivers to include it in their auto policies. Since most states require auto insurance, a driver should theoretically never have to worry about getting into a collision with an uninsured driver. Yet these collisions happen every day. If you are not prepared ahead of time, you may be crippled financially after an accident that was not even your fault to begin with. It is certainly not fair, but it's the nature of reality.

Uninsured motorist coverage protects the insured policy holder from having to personally take on expenses that should have been paid for by the other driver in an accident for which the other driver is at fault. It comes into play when the liable driver has no liability insurance. Similarly, underinsured motorist coverage acts in the same way, only being reserved for situations where there is some liability insurance, only not enough to pay all accident related expenses.

Some states require uninsured and sometimes also underinsured protection, but it is only optional in all other states. There are bodily injury and property damage elements to these types of policies, just like with liability plans. Many drivers do not include them if they don't have to; and in states where they are required, they only carry the minimum legal amount to save a few dollars.

Add Value to Your Policy

But this kind of thinking is short sighted at best. Drivers who have ever had to file a claim against their uninsured coverage know all too well the great value this aspect of your policy really has. If you are struck by a motorist with no insurance and your only recourse to collect compensation for your expenses is to sue, you will have to pay for legal representation, spend significant time in court over a long period of time, and then hope you win your case. And in the end, if you do win, you end up sharing the proceeds with your legal team anyway. And it goes without saying that legal victory is not a foregone conclusion. Imagine going through all this trouble and expense and still coming away with nothing (aside from a large legal bill).

To avoid this kind of unsavory scenario, get yourself protected with adequate uninsured and underinsured motorist coverage, even if it's only 1 day car insurance coverage. In states where drivers are required to carry this protection, consider adding to your policy beyond the minimum. It will be well worth it if you ever have to file a claim. Just think about the possible costs of dealing with a major accident, and consider whether legal minimum coverage will take care of your expenses. More than likely it will not come close.

Save on Uninsured Motorist Coverage

Take the time to do the math and decide for yourself. First, consider the potential expenses you would have to take by yourself if you were struck by a motorist who had no insurance. Then, think about how much it would cost you to add this important endorsement to your policy. Chances are you will come to see its value and the rightful place it has on your auto plan.

Get the most out of your uninsured/underinsured insurance by shopping around to get the lowest price. Come up with a list of the different types of coverage you want in an auto policy and the limits of coverage you're looking for, and then get online to search out the lowest prices. If you're skeptical about whether you can afford to add this optional area of coverage or beef it up in states where it's required, get multiple prices based on including it and leaving it out. Get the facts and decide for yourself. Saving on uninsured motorist auto insurance is within your reach.

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