In 2015, nearly one in eight US drivers was uninsured

In 2015, nearly one in eight US drivers was uninsured

In 2015, nearly one in eight US drivers was uninsured

A recent study directed by the Insurance Research Council (IRC) found that nearly one in eight US drivers – or 13% of US drivers – was uninsured as recently as 2015.

The report, co-sponsored by The Hanover Insurance Group, also noted that the portion of uninsured drivers that year increased after a seven-year period of decline. By comparison, the percentage of uninsured drivers in 2010 was 12.3%.

“The results of the survey sound an alarm,” commented The Hanover president of personal lines Daniel Halsey.

The IRC also found that the number of uninsured motorists varied between states, from 4.5% to 26.7%. The states with the most uninsured motorists were Florida, Mississippi, New Mexico, Michigan and Tennessee, while the states with the least were North Carolina, Massachusetts, New York, and Maine.

Notably, while Massachusetts had one of the lowest recorded number of uninsured drivers, it saw the largest percentage point increase over a 10-year period.

“Uninsured motorists represent a significant risk to insured drivers,” Halsey added. “With the average cost of an uninsured motorist claim around $20,000, excluding any physical damage to the vehicle, the best approach is to make sure you have the proper insurance in place to protect yourself in the event of an accident.”

“While some states saw significant drops in their uninsured motorists rates, overall, the rate is increasing nationwide,” observed IRC senior vice-president Elizabeth A. Sprinkel.

Sprinkel warned that this gradual increase can only mean additional risk for all motorists, both insured and otherwise.

 

Related stories:
1 Comments
  • Don Birkholz 3/13/2018 8:09:29 PM
    There are 40 million on food stamps. If people cannot buy their own food, they also cannot buy mandatory auto insurance. A survey done in Billings, Montana showed 18 of the 96 responding said auto insurance was a reason for needing food stamps. A study done by Robert Maril (for the insurance people) in a poor area of Arizona showed 44% said they had trouble buying food or paying rent due to mandatory auto insurance. State Farm says the benefits of mandatory auto insurance do not outweigh the social ills that mandatory auto insurance causes. "715 Insurers Quietly Oppose Mandatory Auto Insurance". Don Birkholz, PO Box 572, Broadus, Montana.
    Post a reply