With so many rising costs, consumers may be surprised when they notice just how expensive auto insurance is now. The added expense may lead to an increase in uninsured motorists and the problems that come with them.
Uninsured drivers can be a real problem if you’re involved in a car accident caused by one.
The Rise in Auto Premiums
Depending on your situation, you may not realize just how expensive car insurance has become in recent years. While it feels like the cost of everything is rising out of control, car insurance is one area where perceptions and realities match. Car insurance premiums are up 55% since 2020. The majority of that increase has come in the last three years.
Some of the causes of this rise are obvious:
- Cars have gotten more expensive.
- Car repairs have gotten more expensive.
- Medical care has gotten more expensive.
So, it’s entirely predictable that a service which covers replacement costs, repair costs and medical costs should also become more expensive than ever.
While the costs may be starting to plateau, the truth is that many struggling Americans may be finding that car insurance is one expense too many. When choosing between food, shelter and car insurance, it’s pretty likely that car insurance is going to get skipped.
Driving Without Insurance
It’s illegal to drive without insurance in Texas. Of course, it’s also illegal to speed, drive drunk or send text messages while driving, and plenty of people still do that on Texas roads every day. Driving without insurance is a serious problem, but it’s one you may be forced to deal with in the event of an accident.
There is some good news. Texas is not among the leaders in uninsured driver percentage. We ranked 19th in 2023, with 14.5% of drivers not carrying insurance. That is slightly below the national average of 15.4% for that year. Still, the percentage means that 1 out of every 7 drivers on the road is uninsured.
Where Compensation Comes From After an Accident
It could be argued that the only thing worse than dealing with an insurance company after an accident is not dealing with one.
Without insurance, relatively few people would be able to cover the costs of a serious crash. It’s also no coincidence that the people who are most likely to be uninsured are also the most likely to have no way to pay you if they hurt you in a crash.
Insurance is frequently where compensation comes from after a car or truck accident. Getting a court to rule in your favor is only part of the process when it comes to getting compensation. Actually collecting the money to pay your medical bills and other expenses is vital, too.
Without insurance, collecting money can be difficult, or in some cases, impossible.
Call The Fell Law Firm for Skilled Car Accident Representation
After a crash, you need an attorney who’ll leave no stone unturned in seeking full compensation for you. The Fell Law Firm has the skill, experience and dedication to help. Call 972-450-1418 or contact us online to schedule a consultation.
