Did you have a car accident without insurance and don’t know what to do? The first thing you should know is that by law almost all drivers must have a minimum of auto insurance coverage in case they are involved in an accident and must pay damages caused to third parties with their vehicle.
If at the time of an accident the driver involved has insurance, he will compensate all expenses, depending on the magnitude of the accident and the coverage of his insurance policy. Insurance companies cancel the repair costs of damaged cars, personal property losses of those involved or third parties, medical treatment, and claims for damages of the people involved in the accident.
If you had a car accident without insurance or something unexpected happened to you in your car, this is where questions arise from how much will it cost to repair it? who should you go to ? how long will it take to repair it? All these answers are covered if you have auto insurance.
Car accident: What should I do?
There are certain cases in which the driver decides to pay for the cheapest insurance and this is often a problem since coverage is not always enough to cover the accident and that is where the insured’s problems begin.
And there are other drivers who neglect their obligations and have no insurance, in the hope that they will never be involved in an accident and that no police stop them and discover them.
Not having car insurance is not only illegal in many countries but it is also quite inconvenient because the responsibility of driving then remains in your hands and in the financial resources of the driver himself.
If you have any inconvenience you have to cancel all Damage caused, this will lead you to have a financial problem if you do not have the money at the moment, it will be a headache for you.
Insurance companies have an option in which you can add additional protection to private car insurance in case the driver with whom you may have had a crash does not have insurance, and you can also make the claim to your insurer without Consequences of future cancellations.
Auto insurance is an insurance contract that covers the risks created by the driver of a car in case of having an accident or causing an accident. It is extremely important to have insurance because without it you will not be able to circulate so that you have your license, currently this is mandatory in almost all countries, if they stop it you will have many problems and a fine, insurance is part of the responsibility as citizens that you must have and anticipate them to unforeseen events that could affect your economic future and emotional stability.
In the United States as in many countries of the world there are many insurance companies, you can choose from many that currently exist in the market, some will be more expensive than others, and some will be, more popular than others but in the vast majority there are many similar aspects that also determine the cost of the policy, ranging from the value of the car, driver’s age, driver’s risk, etc.
ALSO READ: Best way to get cheap car insurance
Important factors to know about car insurance policies
Car insurance premiums
The insurance premium is one of the most important things when you want to take out insurance. It is what decides how much you will pay for car insurance.
Once you pay the insurance company you are obliged to comply with the coverage stipulated in the insurance policy that you purchased.
It is worth mentioning that the amount of the premium will depend on the type of risk insured, in addition, the price of the premium must be sufficient for the insurance company to face the claims that are insured.
On the other hand, the price of the premium will also depend on the duration of the contract.
The policy deductible
It is the minimum amount that you must pay before you can enjoy the benefits of the policy, that is, it is the sum of money that the insurance company will not cover in case you have some sinister.
For this reason, when contracting insurance with a deductible, you must be very clear about the exact amount that the deductible will be since you must cancel that amount.
This means that the insurance will only cover the amount that exceeds the deductible agreed in the insurance policy. For you to understand better if you have a car that has a value of $ 36,000 and the deductible stipulated by the insurer is 5% of the value of the car that means that you will cancel all damages that are less than $ 1,800, in other words, the insurance will only cover damages greater than that amount.
This point is very important that you keep in mind when hiring car insurance, there is also insurance that is at full risk that does not have a deductible which can be more expensive. You can choose the one that suits you best depending on the money you have available to purchase car insurance.
What types of damage the car insurance cover?
Car insurance companies generally offer different types of policies, but the vast majority have coverage that is divided according to what or who has been affected by the accident, but these insurance policies always cover basic damages such as:
- Repairs your car in case of theft or collision: Having car insurance gives you the coverage of accident damage and protects you against damage or total or partial loss of your car in case of accident or theft.
- Covers damages to third parties and medical expenses: Both you and the third parties will have security at the time that you may incur an accident causing damage to third parties. In addition, you can use such coverage to pay your medical expenses after an accident.
- Pay for property damage: It means that if you have an accident and your car needs to be repaired, the policy covers a percentage of the damage. This is pending on the coverage for which you have made the contract without being partial or at full risk.
- Legal protection: This includes a legal service, this means that in case of demand you are guaranteed the service of professional lawyers that will process your freedom and that of the car.
- Roadside assistance: If you have any unforeseen events along the way, the insurance company will help you with what you need at the time, whether it is to take the car to a workshop or replace a tire.
For them, if you want car insurance, it will always be very useful to ask for several quotes not only for the price but for the services they offer and so you can compare them with each other so that you can purchase the one that best suits your needs. You should always look for and evaluate the best options by calculating not only the rates but also the quality of the policy and the reputation of the insurance company.
The benefits of having good car insurance
Being a victim of a car accident can be very stressful for all parties involved. It may be that at best the injuries are minor and the accident could be a simple matter where the cost of damages is low.
But it happens if the crash or accident is serious where the injuries can be severe and leave permanent damage to your physical health throughout your life?
Here it is already an inconvenience for you since many times these damages are not only suffered by the driver, passengers can also be victims of injuries caused by an accident. This forces you to pay for medical treatments whose cost can be very high.
The whole situation is complicated when the person who caused the accident does not have car insurance or when the driver flees the place without presenting their identification data.
In these cases, the presence of a lawyer is necessary because any car accident without insurance can be expensive, and if the accidents are very serious they can generate expenses that amount to thousands or hundreds of thousands of dollars in medical expenses, damages to the property and lost wages.
The first solution is to have coverage in your insurance policy to cover accidents with uninsured drivers. But even if the insurance company has it, you can try to underestimate the value of the damage, wanting the person who does not have the insurance to cancel all the expenses. Auto insurance coverage without insurance is additional to your regular policy and is not always included even if your coverage is total.
This service protects you when you collide with an uninsured motorist or an unidentified driver. This coverage is responsible for the expenses of the accident, but usually, the insurance companies act as if it were the other part of the case and are responsible for presenting all the evidence and arguments necessary to decrease the amount to be paid, as would the insurance company of the other driver.
In this case, the defense must be as strong as if the lawsuit is filed directly with the other driver. Such uninsured motorist coverage varies depending on the insurance company. But for example in the United States in most states, they require a minimum of this coverage in all auto insurance policies, which are approximately $ 20 thousand dollars.
As you can, it is extremely important to have auto insurance both for your safety and for the people who travel with you and for the well-being of other drivers.
Car insurance costs
This is a very important point that varies according to certain aspects and depending on the insurance company, and they are based on a variety of factors ranging from installation service, safety devices and defensive driving courses, driver’s age, experience, and if you live in the United States the state where you are going to influence the cost of insurance.
Car insurance is usually issued for periods ranging from 6 months to a year and payments are commonly made monthly to make its acquisition more bearable. There is also insurance for specific periods of time.
Insurance companies have a much higher cost for young drivers, that is, ages ranging from 16 to 29 years have a higher value unlike those between the ages of 39 and 50.
This is due to studies that have been carried out in all US insurers where its result indicates that young people are more likely to cause accidents due to their little experience and not having the necessary maturity when driving.
This type of problems will also be found by the elderly, and insurance policies of this type are increased by 50%. This is because insurance companies think that the senses of older people are not as active as in a younger person and are also more likely to cause an accident due to factors associated with their age.
Another of the factors as mentioned above has to do with the state in which you are, this is if you live in the United States that since according to insurance companies the rates of automobile accidents vary according to the place.
They indicate that it is not the same to circulate through a rural population with few vehicles which lowers the accident rate to be driven by large cities where there are thousands of inhabitants that usually have higher accident rates and where there are much more tourists.
Although there are cities that may have a similar amount of cars circulating, some states are more expensive than others, this is due to aspects such as traffic violations, high theft rates, and even natural disasters. For all the aforementioned, you can see that the address you provide to an auto insurance company is a key point in establishing the price of your auto insurance.
As you can see there are many factors that will determine the cost of car insurance but it is very expensive to count one since if you had a car accident without insurance you will have to pay a lot of money and that always produces an economic instability.
For all this, it is better to take out insurance before any misfortune happens. Always choose the best option for you and your car to be safe at any time.
Carisbel Sanchez is a freelance writer with more than 6 years of experience. She is SEO specialist, Community Manager and has experience writing on topics such as technology, education, entertainment, among others.