Uninsured motorist coverage is a type of auto insurance coverage that helps protect you in the event that you're involved in an accident with a vehicle driven by someone without liability insurance. It is required in some states, but that's not the only reason you might want to carry it. You may still want to buy uninsured motorist coverage so you can enjoy the peace of mind of knowing you're protected.
When thinking about uninsured motorists, you might ask, "Doesn't every state require owners to have liability insurance?" The answer is yes, but according to a study published by the Insurance Research Council in 2011, approximately one out of every seven drivers on the road is uninsured.
Whatever the underlying cause, the fact remains that there are some people driving without insurance—and if you're unlucky enough to be hit by one of these drivers, you may end up having to pay for the damages.
Uninsured motorist coverage can help provide a safety net, so you have some help paying costs related to your injuries or vehicle damage.
You also have the option to purchase underinsured motorist coverage, which helps protect you in the event of a crash with a driver who doesn't have enough insurance coverage to pay for the damages.
Find out whether your state requires uninsured motorist coverage. You can find information about your specific state requirements by clicking here.
Next, you'll want to take stock of a few key factors to determine just how much protection you need. There's no right number when it comes to your limit; you have to think about how much risk you are willing to take on, how much the limit affects your premium and other factors. Some drivers decide to carry uninsured and underinsured motorist coverage with a limit equal to the bodily injury liability limit they carry. For more information, visit our Bumper to Bumper Basics® tool.
If you have questions about uninsured motorist insurance, talk to a local agent to learn about your state's requirements, and how additional coverages may help meet your specific needs.