Do You Need Uninsured Motorist Coverage? Here’s What to Consider
Do You Need Uninsured Motorist Coverage? Here’s What to Consider
When shopping for car insurance, you’ll come across various coverage options. One that often gets overlooked is uninsured motorist coverage. But is it essential? Let’s break down what it is, why it matters, and how to decide if it’s worth adding to your policy.
What Is Uninsured Motorist Coverage?
Uninsured motorist (UM) coverage is a type of car insurance that protects you financially if you're hit by a driver who doesn’t have insurance. It can cover medical expenses, lost wages, and other damages that the other driver would typically be responsible for.
There is also underinsured motorist (UIM) coverage, which helps when the at-fault driver has insurance, but their coverage limits aren’t high enough to pay for all your damages.
Why Is Uninsured Motorist Coverage Important?
Even though car insurance is legally required in most states, many drivers still operate vehicles without it. According to the Insurance Research Council, about 1 in 8 drivers in the U.S. is uninsured. If you're in an accident caused by one of these drivers, you might have to pay out of pocket for your medical bills and vehicle repairs—unless you have UM coverage.
What Does It Cover?
Uninsured motorist coverage generally includes:
- Medical expenses – Covers hospital bills, doctor visits, and rehabilitation costs for injuries caused by an uninsured driver.
- Lost wages – If your injuries prevent you from working, this coverage can help compensate for lost income.
- Pain and suffering – Some policies provide compensation for emotional distress and long-term effects of an accident.
- Vehicle damage – In some states, UM coverage can help repair or replace your car if an uninsured driver damages it.
Should You Get Uninsured Motorist Coverage?
Here are a few key factors to consider:
1. State Requirements
Some states require uninsured motorist coverage as part of a standard car insurance policy. Even if it's not mandatory, check your state's uninsured driver statistics to assess the risk.
2. Your Current Insurance Policy
Review your existing car insurance policy. If you already have strong health insurance and collision coverage, you may have some protection, but UM coverage can offer additional financial security.
3. The Risk of Uninsured Drivers in Your Area
If you live in a state with a high number of uninsured drivers, UM coverage is especially valuable. States like Florida, Mississippi, and New Mexico have some of the highest rates of uninsured motorists.
4. Peace of Mind
Even if your state has lower uninsured driver rates, having UM coverage ensures you're protected in worst-case scenarios. The relatively low cost of UM coverage can be worth the peace of mind it provides.
How Much Does It Cost?
The cost of uninsured motorist coverage varies depending on your insurer and state, but it’s generally an affordable addition to your policy. On average, adding UM coverage may only increase your premium by a few dollars per month—far less than the potential out-of-pocket expenses from an accident with an uninsured driver.
Final Thoughts
Uninsured motorist coverage is a small investment that can save you from significant financial hardship. While it’s not always required, it’s highly recommended—especially if you live in an area with a high rate of uninsured drivers. Before making a decision, speak with your insurance provider to understand your coverage options and find the best protection for your needs.
Would you like help finding the right car insurance policy? Contact your insurer today to explore your coverage options and ensure you're fully protected on the road.
