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Is Uninsured Motorist Coverage or Underinsured Motorist Coverage Worth the Extra Cost?

| Sep 23, 2020 | Car Accidents

YES! The statistics for uninsured/underinsured motorists in Arizona is scary. According to the Insurance Information Institute, there may be as many as 500,000 uninsured motorists driving on Arizona’s roadways. While Arizona law requires every driver to carry or be covered by liability insurance, the reality is that a significant percentage of drivers do not have auto insurance.

Protect Yourself  From Underinsured Motorists or Uninsured Motorists

Factoring in those that have the state minimum auto liability insurance (currently $25,000 per driver/$50,000 per accident), nearly half the driving population has no insurance or barely any coverage at all. That means you have to protect yourself! You do so by buying as much UM/UIM coverage as you can afford (typically, your liability limits must match your UM/UIM coverage).

At SG Law, we have represented far too many clients that are under-compensated for their injuries because the at-fault driver has no auto insurance or insufficient coverage with little to no UM/UIM coverage.

Uninsured and Underinsured Motorists Coverage Allows For Portability

Another big benefit of maxing out your uninsured motorist coverage / underinsured motorist coverage is its “portability.” In other words, your UM/UIM coverage follows you.

  • If you’re in a rental car and you are injured in an auto accident, your UM/UIM coverage will likely cover you.
  • Injured as a passenger? Your UM/UIM coverage will likely cover you.
  • Hit by a vehicle while walking or riding your bike? Your UM/UIM coverage should cover you.

So, Should You Pay For UM and UIM Coverage in Arizona?

Here’s the takeaway – don’t wait until it’s too late to make certain that you are protected from the thousands of uninsured/underinsured motorists driving on Arizona roadways. Give yourself and your family peace of mind by auditing your UM/UIM coverage with your auto insurance provider today.