OAI Advises Consumers to Protect Against Drivers Without Auto Insurance

In a new FAQ from OnlineAutoInsurance.com, the writers outline how consumers can get protected from having to pay for bodily injury and property damages that they may sustain in a hit-and-run accident or a collision caused by an uninsured motorist.

The vast majority of states require drivers to satisfy their financial responsibility laws by purchasing liability insurance, which protects a policyholder from having to pay for any damages that he or she may cause in an at-fault accident.

But having only the minimum liability coverage still leaves policyholders vulnerable to certain types of damages costs, such as costs incurred from an accident caused by a hit-and-run or uninsured driver. To eliminate this vulnerability, policyholders can purchase uninsured motorist insurance.

In some states, policyholders will already be required by law to have this type of coverage. Drivers in South Carolina, for instance, are required to carry it minimum amounts that at least match the liability limits, and residents in that state who compare south carolina auto insurance quotes for this type of coverage will find that it is relatively inexpensive. It should be noted, though, that South Carolina policies also come with a provision that is not always available in every state: uninsured motorist property damage coverage.

Source: http://doi.sc.gov/Documents/Bulletins/2005%20-%202006/Bulletin2006-03.pdf

In other states, uninsured coverage may only extend to bodily injury damages, meaning that car repairs following accidents with an uninsured driver would have to be paid for out of pocket. If this is the case, the policyholder may want to consider purchasing a collision policy.

As the writers on the site have said before, it’s important for consumers to know about which types of policies are required and optional, as well as which types of damages they are covered for and to which types of damages they may still be vulnerable.

To learn more about this another car insurance topics, readers can go to http://www.onlineautoinsurance.com/south-carolina/ where visitors will find informative resource pages and a quote-comparison generator that can be used to find competitive rates. To access the full FAQ, readers can follow the “Questions” link located at the top of any page on the site.