Tag Archives: Driving Without Insurance

The Consequences of Not Having Auto Insurance

  By John | February 20, 2010 - 5:21 pm | Auto Insurance
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If you are one of those people who think auto insurance is a scam, beware. There could be some major payout in your future. Car insurance is extremely valuable, particularly in today`s society as more and more people find themselves involved in accidents that aren`t even their fault. You can literally be the safest driver around and still end up in a car accident. While it may not have been your fault, you may still be liable for some of the damages and this is where it comes in very handy to have auto insurance.

It Could Be Illegal

Depending on where you live, chances are it`s illegal to drive without insurance, so you`ll want to make sure that you have the minimum required, which is liability. Even in areas where you aren`t required to have insurance per se, you ARE required to have the money to cover an accident. You will need to actually prove that you can pay for damages, should they occur. This could be a big problem if you don`t have much money stored up in the bank.

Most drivers without auto insurance end up doing hit and runs, to avoid being caught, which usually results in jail time. It`s not a good idea to drive without auto insurance, but this isn`t the worst that could happen if you avoid it.

Since driving without insurance or the ability to pay for damages can hold some big consequences, you will want to know what they are in your area. Some states only charge a fine (often in the thousands) or impound your car, but many will include jail time.

Bigger Losses, Bigger Payouts

What happens if you are in a car accident and you haven`t purchased car insurance? You will be in big trouble, to say the least, particularly if the accident is deemed to be your fault. You will be responsible for any injuries and damages involved in the accident, which can grow very rapidly.

Not only will you be penalized for not having the appropriate insurance, you will also be required to pay out of your pocket. This can literally bankrupt someone and it can be extremely bad for your record. You could even lose your license, which negates the need to buy auto insurance after the fact.

A major car accident could end up costing you hundreds of thousands of dollars, plus fines and jail time. It`s really not worth it when you consider how little you would pay each month for peace of mind with auto insurance. Not to mention, if you are the one injured in an accident and the other driver has no insurance, you are really going to be in trouble. You`ll end up having to pay your own medical bills, which, as we all know, can get very expensive, very fast.

Driving without auto insurance could be the biggest risk you`ve taken in your life. While you will be saving money in the moment, there`s no telling when (not if, but when) you will be in an accident and need that insurance. Rather than paying a minimal amount along the way, you`ll end up being responsible for everything all at once and that`s a hit that most bank accounts just can`t deal with.

Rather than risk your savings, it`s far better to invest in auto insurance and simply pay by the month or year, eliminating the need to lose everything when you have a collision. The minimal amount of insurance will keep jail and fines at bay and doesn`t have to be terribly expensive.

Amy Nutt
http://www.articlesbase.com/cars-articles/the-consequences-of-not-having-auto-insurance-576182.html

Intense Golf Cart and New Jersey Insurance Law

  By John | August 23, 2009 - 9:48 am | Auto Insurance
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New Jersey Automobile Insurance – What is Required by Law?

New Jersey automobile insurance is not just about a law that requires you to have it. It’s also a great idea for protecting your family. A good insurance policy protects not only your car but your spouse and children as well. In a
tough economy it might be tempting to risk a ticket and to drive without auto insurance but not only is that against the law and will result in a stiff fine, it also puts your family in danger as well.

Ok so let’s start with what New Jersey Automobile Insurance is required for you to be within the law. You may have heard the name SR 22 which is what most people recognize as the basic insurance that is required by law. The name SR 22 refers to the insurance form for this basic coverage. New Jersey has something called the No Fault Law which requires that you have $10,000 in property damage coverage and $10,000 in personal injury protection as well. If you have any questions about what is required you can contact the New Jersey Highway Safety and Motor Vehicles Department as they oversee those requirements. Believe it not New Jersey is actually not as strict as some other states when it comes to what the minimum requirement for auto insurance is.

There are a couple of things you need to be careful of when looking for New Jersey automobile insurance. If you bought car insurance in another state that coverage should be ok in New Jersey if they are a major company. But if you
bought insurance from a small carrier in another state it might not qualify in New Jersey if the company is not licensed to do business there. This is usually only a problem if you are not dealing with major insurers. So what happens if
you are pulled over without insurance? In New Jersey you will be fined $150 for each time you are found driving without insurance and that amount does usually go up with each violation. Also even if you do not drive your car often, unlike some other states, in New Jersey you must have insurance.

New Jersey automobile insurance is a necessity not an option but that doesn’t mean you just have to take any policy. You can use the internet to get quotes on coverage for you and your vehicle and compare the best policies. Take the time to find the best insurance coverage available so that when you need to file a claim your homework will really pay off.