Is It Legal To Drive Without Insurance?

You have a financial responsibility—don’t take chances by being uninsured

You cannot legally drive in any state without demonstrating financial responsibility for damages or liability in the event of an accident. In most states auto insurance is mandatory as proof of this responsibility.

All states have financial responsibility laws so, in states where there is no liability insurance requirement, you need to have proof of sufficient assets to pay damages, medical bills and more if you cause an accident.

Without this proof of assets, you face legal penalties (like a suspended drivers license and car registration). Worse, in case of an accident, your responsibilities could wipe out your financial future.

Auto insurance exists to protect your assets

If you’ve financed your car, your lender may require comprehensive and collision insurance as part of the loan agreement. In other words, they’ll want insurance to protect their financial asset—the automobile.

You’ll want to protect yourself and your assets with car insurance, as well. The insurance industry and consumer groups generally recommend a minimum of $100,000 of bodily injury protection per person and $300,000 per accident, since accidents may cost far more than the minimum limits mandated by most states.

Contact us for all of your insurance needs! 

Mundelein and Wheeling residents, at R Hobbs Insurance Agency, we can work with you to make sure you’ve got the coverage you need, while at the same time using all possible credits and discounts to make that coverage affordable. Just give us a call at (847) 680-0888 or send us a note at [email protected]. We want to help you meet your goals, and make sure what’s important to you is protected!

Content source: iii.org