Consequences of driving without car insurance

Article Written By: bethanycollins

When you are operating something that weighs at least two tons and can cause serious damage (or be damaged) if it gets out of control, be prepared to bear the financial implications of driving without car insurance. This might sound far fetched, but studies show that most people tend to get into some kind of accident at least once in 7 years.

Let s take a look at some possible scenarios where you can suffer losses if you re driving without car insurance:

You get into a car accident where you are found at fault: If you were driving without car insurance, you will have to pay the other driver for all the property damage, lost wages and medical expenses out of your own pocket. Now supposing you hit a successful doctor or a school bus full of kids; if you cannot pay out of pocket, your personal assets can be seized to pay off your dues. Can you imagine what happens if the parents of those kids sue you for medical expenses, or the doctor sues you for loss of wages due to confinement? Overnight you stand to lose every asset you ve built in your life. Because the chances of this happening are so high in a sue-friendly society, most US states have made it mandatory to carry minimum liability car insurance so that you can atleast bear the cost of damages you have caused to others if you are found guilty in a car accident.

If you get caught for DUI, speeding, or any other traffic violation, and it s also found you ve been driving without car insurance; you can have to shell out a fine, or get your car registration suspended. If this happens more than once, the penalty is going to get more severe with each successive time. You could have your license revoked or might even have to spend time in prison. Once you are caught driving without insurance, it is going to get exceedingly difficult to find a company that will sell you car insurance at affordable rates later. Not exactly a very comfortable situation is it?

You get into a car accident where the other driver is at fault: This is the worst case scenario. You re not at fault, someone else is, and they are also driving without car insurance. You have no choice but to pay out of your pocket towards your damages unless you intend taking them to court and filing an expensive law suit. What s even worse is that in some states even if you re not at fault in an accident, and it s found you were driving without car insurance, you are automatically treated as at fault! So if your excuse for not getting car insurance is that it s too expensive, you can atleast stay legal by going with the minimum liability insurance mandated by the DMV in your state.

Your car is stolen or damaged in a freak weather related accident: Cars get stolen all the time, new ones to be resold and old ones for their parts. Winter driving related accidents are so common and anyone who has ever driven in snow will know how often cars skid and get banged up.

Think about all this when you try to save money by not buying car insurance, or don t get your policy renewed right away when it lapses. Accident happen all the time so it s always good to stay prepared for the worst.

About the Author

Bethany Collins - car insurance

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This Article Has Been Published on Fri, 11 Mar 2011 and Read 401 Times

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