James : Can I drive an auto legally without insurance? I cannot afford the high auto insurance rates.

Review car insurance to get low auto insurance rates.

Response : James, auto insurance is compulsory in most states of USA and you cannot escape from this. You are smart and hence you need to compare auto insurance quotes and review car insurance coverage online to get low auto insurance rates. Why keep the risk on your shoulders, pass it on to the insurance company for a few bucks.

Now, here is why it is not correct to drive without an auto insurance. It is mandatory to have an auto liability insurance in almost all states. There are financial responsiblity laws that need to be followed. As per the financial responsiblity laws in a state where the liability insurance is not required you need to have sufficent assets to pay for claims if you cause an accident.
In case you have inadequate assets than you need to purchase at least the state minimum required insurance. The insurance would protect your assets and also save you from stress.

It is also advisable to have the optimum limits of insurance. As per 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.

A lender who has financed your car would insist on a comprehensive and collison insurance which is part of the loan agreement. This is to protect their asset which is a car.


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Filed under: Car Insurance Rating and Limits

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