Why Do So Many People Drive Without Car Insurance?

One in eight drivers is driving without car insurance. While the numbers may be shocking, the Insurance Information Institute says there are five main reasons why uninsured drivers continue to get behind the wheel. One of the most common reasons is the high cost of insurance. However, the penalties for uninsured drivers are more severe if they are caught multiple times. In addition to the financial impact, a driver without car insurance faces high emotional stress.

The number of uninsured drivers is increasing. While the middle class is spending less on consumer-related expenses, they are less willing to buy insurance. The number of uninsured motorists is directly correlated to the strength of the U.S. economy. While the economy was prosperous in the mid-2000s, this number steadily increased. It’s unclear what will happen if more drivers fail to purchase car insurance or don’t renew it.

One of the main reasons why so many drivers don’t have car insurance is the high cost of auto insurance. The trend increased dramatically during the Great Recession. Despite the recession, people still needed their cars to get to work or to get groceries. Many cut out car insurance premiums to save money. Unfortunately, this can be even more costly than having to pay for car repairs out of pocket. However, it’s essential to have car insurance because of the consequences it may have on you and your vehicle.

Another reason to have car insurance is that if you’re in an accident and are uninsured, your insurer will cover the damages from the at-fault driver. Uninsured motorists can cause a spike in insurance premiums after a claim against them. But it doesn’t have to. Many drivers aren’t aware of the penalties of driving without insurance. You’ll have to pay medical bills yourself and any damages your car has sustained. is one of the best website where you find out latest news also click here for more information. You can visit here to know more and if you want to get various types of news then check out this site

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