About Uninsured Drivers
Being uninsured is the equivalent of gambling everyday. You are taking a risk and hoping that you have another accident-free day. But while you may come out on top most days, there is also the chance that you could lose everything if you accidentally hit a pedestrian or smashed into a huge truck. The fact is that you could get sued and lose your house, your savings for retirement, and your kid's college fund.
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Statistics
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In February 2009, 18 percent of the drivers in the state of California were uninsured. The United States is not the only country grappling with a high rate of uninsured drivers. In September 2009, BBC News reported that 13 percent of London drivers lacked insurance.
Cost of an Accident
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According to WKYC, the insured driver and his insurance company pays out an average of $2,300 for property damages and $9,600 to cover personal injuries in accidents involving uninsured drivers.
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Average Uninsured Driver
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According to the Institute of Advanced Motorists, the majority of uninsured drivers in the U.K. are males under the age of 25. This demographic has the highest insurance rates because companies feel that males under 25 are the most likely to be involved in accidents.
Economics
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Inability to pay the high premiums increases when the economy crumbles. In May 2009, more than 10 percent of the people living in Los Angeles were unemployed, which meant that paying for car insurance was impossible for a large portion of the population.
Penalties
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Uninsured drivers face stiff penalties that vary depending on the state. In Illinois, not having valid car insurance can result in a $500 fine. In Ohio, your car gets towed if you are pulled over and are not able to produce proof of insurance. In New Jersey, you receive a fine and may be required to complete community service for the first time you are caught without insurance. If you are caught again, your license is revoked for two years.
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References
Resources
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