While state laws differ on the types and amount of insurance a driver must have to drive in the state, Arizona requires that you have car insurance in AZ to legally drive a vehicle. Some states will allow you to provide a bond instead of purchasing car insurance, but you must prove financial responsibility.
If a police officer pulls you over in some states and you do not have insurance, your vehicle registration can be canceled and the license plates be removed from your vehicle. Other states allow for fines and require you to prove that you have insurance to the court. Insurance companies often charge more for filing this paperwork.
Fines and confiscated license plates are minor as they are compared to the price that is involved when you are in an accident and do not have insurance.
Some states have laws that make the driver without insurance automatically at fault in any accident he is involved in. This puts all the financial responsibility on you. Even without that law, you can be the cause of an accident and suddenly have bills that you cannot afford to pay.
In addition to the loss of your own vehicle, you may be responsible for the damage you cause to the other vehicles involved in the accident. With new vehicles averaging over twenty thousand dollars today, the expenses can add quickly.
If there is an accident you may also be responsible for medical expenses of everyone in the accident. A trip to the emergency room can cost three thousand dollars, intensive care can cost three thousand dollars a day and any surgeries will continue to add to the bill. One person spending a week in the hospital can easily rack up a thirty thousand dollar bill. Multiple persons in the hospital could put you over one hundred thousand dollars in debt.
Everyone likes to think that they are a safe driver and will not get into an accident. The problem is that even the most defensive drivers are sometimes involved in an accident. It only takes a second of your eyes being off the road and you can have a major financial responsibility.
Perhaps you have heard the expression penny wise but pound foolish. That is exactly what driving without insurance is like. Insurance for most drivers cost less than one-hundred dollars per month. The money that is saved by not having insurance, however, can end up costing thousands of dollars.
Get info about saving money on Peoria auto insurance and also finding Peoria car insurance quotes and rates.
