Regulations

Laws will vary from state to state, but all have basic similarities. All regulations require a you to carry a minimum amount of insurance to help handle costs for damages and medical expenses sustained to the other vehicle in an accident for which you are at fault.

Penalties

Penalties vary by state along with the regulations. In Ohio, for example, a citation is issued if proof of insurance cannot be produced by the driver when a vehicle is stopped by a police officer. After paying that citation, if proof is still not available, driving privileges are lost for at least 90 days and license plates and vehicle registration are suspended.

Financial Considerations

The uninsured driver in an at-fault accident, or parents of the driver if he is under age, will be responsible for the costs to repair the other vehicle and for any medical expenses incurred if there are injuries. This can be financially devastating, not to mention possible jail time if unable to pay.

Insurance is Important

A vehicle is one of the most important assets to daily life. Consider how difficult carrying on regular activities such as work and school would be without a car. What would happen if it was impounded?

Lower Insurance Costs

Some suggestions from GetInsuranceQuotes.org for keeping premiums as low as possible are: drive an older, low profile car; drive safely; opt for very basic coverage and choose higher deductibles; shop around and ask questions about discounts offered by various companies.

Source:

Car Insurance.com

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