Economic Conditions Expected to Cause Increase in Percentage of Uninsured Drivers Allstate reminds consumers of the value of uninsured motorist coverage
RANCHO CORDOVA, CA, January 31, 2009 – A study issued by the Insurance Research Council indicates that an expected consequence
News-Antique.com - Feb 04,2009 - RANCHO CORDOVA, CA, January 31, 2009 – A study issued by the Insurance Research Council indicates that an expected consequence of the recent economic downturn will be an increase in the percentage of uninsured drivers. The report cites a correlation between the unemployment rate and the percentage of uninsured motorists and predicts—based on current unemployment projections—that the percentage of uninsured motorists will increase nationally from 13.8 in 2007 to 16.1 percent in 2010.
The study estimates that in California in 2007, 18 percent of drivers on the road were driving without insurance. An increase in the percentage of uninsured drivers would result in a greater likelihood that if you’re involved in an auto accident, it will be with someone who has no auto insurance.
Allstate is reminding consumers that there is a way to help protect yourself in the event you are injured in an auto accident caused by someone who doesn’t carry auto insurance.
“Accidents are unpredictable. Having the proper coverage can help reduce the financial impact to you of being injured in an auto accident caused by an uninsured motorist,” said John Alsop and Allstate agent in Montclair. “Knowing that there may be more uninsured drivers on the road, you may want to consider uninsured motorist
coverage. Even if you already have the coverage, now is a good time for you to review your auto insurance policy to ensure you have the coverage amounts you need.”
Generally, uninsured motorist coverage provides coverage for certain damages you (or another person insured under the coverage) are legally entitled to recover from the owner or operator of an uninsured motor vehicle. While coverage varies from state to state and is subject to applicable policy terms, the coverage is typically divided into two types:
Bodily Injury Coverage – helps pay, for example, for medical expenses you incur because of bodily injuries you sustain in an auto accident caused by an uninsured motorist. In addition to providing coverage for medical expenses, the insured may also be eligible for coverage for, for example, loss of wages or pain and suffering.
Property Damage Coverage – helps pay for damages to your car caused by an uninsured motorist. This coverage is not offered in every state, so check with an Allstate agent to find out if this is available.
Coverage may also be available, separately or as a part of the uninsured motorists coverage, for damages caused by an underinsured motorist.
For more information on uninsured or underinsured motorist coverage, contact the John Alsop Insurance Agency Allstate agency located at 4101 Arrow Highway Ste. A, Montclair at 909-626-5000.
The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer. Widely known through the “You’re In Good Hands With Allstate®” slogan, Allstate is reinventing protection and retirement to help individuals in approximately 17 million households protect what they have today and better prepare for tomorrow. Customers can access Allstate products and services such as auto insurance and homeowners insurance through approximately 14,700 exclusive Allstate
