The uninsured gets a piddly ticket which is no where near what insurance premiums cost. So they pay it (sometimes), just drive their vehicle with the damage or go get another junker, and do the same damn thing. While LAW abiding citizens pay the premiums, claim against the insurance, rates get hiked, and are financially responsible for whatever insurance does NOT cover such as rental cars until repairs or replacement is completed. I saw pass a law stating uninsured motorists involved in an accident have liens placed against their property or pay checks until proper compensation has been completed.
Buried in your post is great advice about having replacement coverage with your auto insurance. You also want to have gap coverage although nowadays used car value has turned upside down in that they are worth more now than new. Go figure.
In Washington State, uninsured and under-insured policies and riders are optional insurance products and do not have stated deductible limitations. It's whatever deductible you select and pay for from your insurance carrier. However, a financer may have stated coverages and deductible limit requirements to protect their interest in the property.
That is nuts. What was their basis? Actual market value of a new dealer stock?
I am going to have to ponder if gap insurance is necessary with replacement cost. Might not be necessary if existing financing allows substitution of vin # of replacement vehicle or if insurance writes check for the agreed upon replacement cost amount existing lien could just be paid off. Of course there is a possibility replacement cost could be less than lein amount. GAP rider with replacement cost rider also should be quite cheap I would expect.
In Texas uninsured deductable is whatever your collision deductable is. Texas the amount of collision deductable is what ever the insured chooses to pay for. If you do not ask the agent will choose an amount.
This is not true. The uninsured deductible is fixed at $250 and cannot be changed. My insurance provider ALLState states that it is fixed at $250.
Also not true as I have a $500 collision deductible and the uninsured deductible is shown as $250.
Yes. Alabama law is actually cash value. They based it off what I could actually buy today.
I already have another Mav.
In texas, if you drive around uninsured and get pulled over or have a wreck, they take you straight to jail.
Shit like this drives me crazy. I think if you get caught driving without car insurance, you revoke all rights to drive for at least a year. Too much of this BS going on in this country. Driving is a privilege, not a right, and if you can't be responsible for your actions then everyone around you shouldn't have to pay the price.
