Do You Really Need Uninsured Auto Insurance Coverage
Reader question:
What happens if I get crashed into by somebody who doesn’t have auto insurance coverage? For the record, I do carry uninsured motorist coverage. Is my car insurance going to give me my damages, and then chase after the uninsured driver to get from him what they paid out to me?
Lynn
That’s a good question, Lynn.
The first question that you should ask in this situation is what the policy of your company and state is. Some companies would do this, others would not, and certain states have laws concerning lawsuits against uninsured drivers. However, I would say that it is very likely that if this happens, then your insurance company would subrogate (go after with a lawsuit, as you might say) the insured driver.
First of all, you say you have uninsured motorist coverage. This will take care of all of the damages that a motorist’s liability insurance would normally pay for. While your car insurance company is able to subrogate the other driver, you are also allowed to go after him or her in order to get compensation for any emotional or other long lasting struggles that yo have faced.
When in doubt as to your options, consult with an attorney. If you intend to file lawsuit against the uninsured motorist that your auto insurance coverage took care of, then you will need to have legal consultation.
Cheers,
Fashun Guadarrama.
Cheapest Car Insurance Score – How Do I Find Out My Score?
You’ve done everything you can to have the cheapest car insurance premium. You take advantage of discounts, you cut down on your driving, car pool, drive safely. You bought the right kind of car with the right kinds of safety features. So why is it that your car insurance premium rates are still higher than you would think they should be? After all, you’re older than twenty five and married, so shouldn’t you be getting a break by now?
Maybe, but one of the biggest influences on car insurance rates is something that follows many people through most of their lives. The credit score. The credit score is something that you might never have thought of as being a reasonable factor in your auto insurance rates, but the car insurance companies think that it actually does have something to do with driving. Not only are people with better credit scores more likely to be reliable customers who pay their premiums on time and don’t change companies too often, but they also, according to statistical data, file fewer claims than do people with lower credit scores.
Insurance companies take the credit report and make an insurance score out of it. This doesn’t necessarily take into account all of the same factors as does your regular credit score, and is more interested in regular payments than a long history. And these scores are the driving influences of high insurance rates among good drivers.
Their use is heavily debated. There have been lawsuits filed against certain car insurance companies for using these so called insurance scores to decide premiums, and many say that they target low income and minority families, because those are the groups in which people are more likely to have bad credit history. For the moment, now, they must be dealt with.
Cheers,
Fashun Guadarrama.
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