Did you know that one in every eight accidents that occur in the United States is classed as a hit-and-run incident? This will come as shocking news to many motorists but the reasons behind this statistic are even more concerning. The vast majority of hit-and-run accidents take place because the driver of the at-fault vehicle hasn’t bothered to purchase auto insurance coverage for their vehicle.
The growing menace of uninsured and underinsured motorists not only causes problems for legal road users in terms of accident safety, but it also results in higher auto insurance rates for those who choose to use their vehicles in an honest and ethical manner. Because auto insurance companies have to foot the bill for illegal drivers, the costs are inevitably passed on to those who stay on the right side of the law.
Many states are beginning to take action against hit-and-run drivers by invoking harsher penalties. Although this can act as a deterrent, some road users are still prepared to take the risk and continue to drive their vehicles without purchasing auto insurance first. Because of this, the onus falls on those who are already paying higher auto insurance rates to compensate for illegal drivers in the first place.
Many states have made uninsured and underinsured motorist coverage a mandatory requirement so that the cost accrued in accidents caused by illegal drivers can be recovered. Drivers who live in areas where this type of compulsory coverage isn’t required are still advised to consider UI/UIM auto insurance as an additional feature to an existing policy.