Sometimes life is a numbers game. For instance, when insurance companies figure the rates they will charge for covering a certain individual, they do so by calculating the odds of that person getting in an accident. Less experienced drivers and those with poor driving records are likely to have to pay higher premiums than experienced drivers with good records.
When purchasing insurance, you may try to estimate your odds of getting into an accident. Many factors could affect your odds, such as how much time you spend behind the wheel and if you live in an area that has a high volume of traffic. One thing that can be difficult to gage is the odds of getting into an accident with an uninsured driver.
As we reported in a previous blog post, it is estimated that nationwide, more than 12 percent of drivers are uninsured. This is very bad news because if you should get in an accident with one of these drivers, you could wind up having to foot the bill for medical expenses and damages. With such odds, you may wish to consider adding uninsured driver coverage to your policy.
And while the extra coverage could provide you with compensation after being in an accident with an uninsured driver, sometimes insurance companies are reluctant to pay policyholders the full amount to which they may be entitled.
Should you ever be part of an accident involving an uninsured driver, you might want to have an attorney at Towe, Ball, Mackey, Sommerfeld & Turner go over the details of your insurance policy. Our attorneys have experience handling auto insurance claims and may be able to help increase your odds of getting the full measure of your due compensation.