A recent study indicates that the number of uninsured drivers on the road correlates directly with unemployment rates. According to a report by the
Insurance Research Council (IRC), higher unemployment rates will invariably mean an increase in the percentage of uninsured drivers. The report predicts that the number of uninsured drivers will increase from 13.8% in 2007 to over 16% in 2010, or as many as 1 in 6 nationwide.
View the report.
Additionally, the IRC estimates that the average accident involving uninsured drivers costs $11,000. Given these statistics, uninsured motorist coverage is a remarkably affordable and worthwhile investment.
Though coverages and availability vary by state, there are 2 kinds of uninsured motorist coverage: bodily injury and property damage. If you're in an accident caused by an uninsured driver, bodily injury covers any injuries to you and your passengers, and property damage covers the cost of vehicle repairs. Both cover hit-and-run accidents as well.
For a small premium, you guarantee that both your vehicle and your bank account are protected. To see if you have this coverage or increase your limits, simply
log into your account, or call us at
1-800-ESURANCE (1-800-378-7262) to have it added today!