Auto Insurance is Essential, But Some Are Cutting Back
As the number of unemployed in California continues to grow in the wake of the COVID-19 pandemic, many people are facing hard times financially.
There will be hard choices to make such as whether to pay rent or pay their car insurance premium.
Most people will choose the roof over their head and that is going to impact our roadways as more and more drivers are uninsured or under injured.
It’s a trend that is likely to remain for years to come as people struggle to pay their bills and prioritize other bills and needs.
Those who are insured should consider raising your limits and make sure that you have coverage for these uninsured (UM) and under insured motorists (UIM).
What Happens if an Uninsured Motorist Hits You or Your Vehicle?
No one expects they will be hurt in a collision, but every year there are thousands injured and roughly 3,500 deaths in California. If the other driver causes the collision and is not insured, you are on the hook for property damage, medical care and lost wages. Those who do buy coverage for their vehicle, may opt to save some money by lowering their liability coverage to the minimum requirement of $15,000/$30,000.
This won’t provide much help if you are seriously hurt in a collision and if there are multiple people injured it will leave even less money available to you.
How Much Insurance Do I Need?
Since your uninsured motorist or under insured motorist coverage cannot be any higher than your own liability limits, we recommend California drivers buy at least $100,000/$300,000 coverage. If your income exceeds $100,000, it’s advisable that you increase that to $250,000/$500,000 or an umbrella policy.
Auto Accident Attorney
The legal team at Johnson Attorneys Group is here to help California drivers who have been injured in traffic accidents. We will guide you through the legal process and ensure that you get the maximum settlement available. Call us for a free consultation at 800-235-6801.