Few people driving on Texas roads and highways think about all the uninsured motorists sharing the very same roadways, but they are a source of potential liability that every motorist should consider. Not only that, but difficult economic times may compel some out of work or financially challenged individuals to cancel their auto insurance in order to make ends meet, adding to the number of uninsured motorists on our roads. Nobody wants to be stuck paying for their own medical bills and repairs after a serious car or truck accident with a driver who has no insurance to pay for such things.
15% of Texas Drivers Without Car Insurance
The Insurance Research Council (IRC) estimates that fifteen percent of all drivers in Texas lack auto insurance. This means that if you are involved in an accident with one of these uninsured motorists, you and your insurance company could be stuck footing the bill for your injuries and damages. That’s because without another insurance carrier to take responsibility for the accident caused by the uninsured motorist, somebody has to pay – and sadly, that often means the victim with insurance.
Amount of Uninsured Motorists Increasing in US
Unfortunately, the problem could be getting worse. A recent study released by the IRC shows that the number of uninsured motorists could be increasing across the United States as the economy worsens. The IRC has noted that a rise in unemployment is followed by a similar rise in the number of uninsured drivers. If the economy continues to worsen, the number of uninsured motorists in Texas could push towards one in five. That’s quite a gamble for drivers to take when they get behind the wheel every day.
Uninsured Motorist Coverage
Some experts recommend that drivers take steps to insulate themselves from such a risk, for example purchasing optional Uninsured Motorist coverage from their auto insurance carrier. This would ensure that if you are involved in an accident with an uninsured motorist, your insurance carrier would pay for your injuries, up to the limit of your policy. For additional peace of mind, consider purchasing the maximum available uninsured motorist insurance coverage in the unfortunate event you are involved in a serious and very costly accident.
Underinsured Motorists in Texas
A similar risk to Texas drivers is the danger of an underinsured motorist. There is always the chance that you’ll be severely injured in an auto accident with a driver who has the lowest level of auto insurance coverage available by law – which might not be enough to cover your medical and repair bills. You do have the option of purchasing underinsured motorist coverage that would help cover your bills if you were injured by a driver without enough insurance. However, many people are reluctant to buy such coverage as they don’t believe they should have to pay for the irresponsible decisions of other drivers.
It isn’t surprising that some people would resort to driving without insurance to make ends meet, but it isn’t fair to leave honest and hard-working Texans stuck with the bill if they’re involved in a serious car or truck collision. If you or someone you love has been involved in a serious car or truck accident, then please contact VB Attorneys for a free review and consultation of your case.