Uninsured Motorist Property Damage Insurance: It’s Like Magic but Better

TLTR: The first thing you do when another driver hits your car is to ask for their insurance details. What if they don’t have insurance? This article talks about uninsured motorist property damage and how much to invest in it.

The Insurance Research Council reports that at least one in eight drivers is uninsured or underinsured. Think about that the next time you pass up on proper car insurance coverage.

The same report claims that drivers who don’t follow state guidelines for insurance are invariably to blame for the $78 hike in insurance for the drivers who do follow the state requirements. Purchasing insurance doesn’t only save your vehicle from liabilities; it also gives you good karma!

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What is Uninsured Motorist Insurance?

We recommend sky-diving if you’re a thrill-seeker; driving without insurance isn’t worth the risk or the jail time. Uninsured motorists are not only breaking the law, but they’re also facing double the costs of paying for third-party liabilities.

When an uninsured or underinsured motorist collides with your car, it’s less than likely that they will pay for your damage. Even worse, what if you’re the victim of a hit-and-run? Uninsured motorist insurance covers the medical payments, loss of income, and any property damage due to such accidents. It’s not a stand-alone policy and comes as an add-on to your personal auto policy as well as commercial auto insurance.

Typically, uninsured motorist insurance is divided into three categories:

Uninsured Motorist Bodily Injury Insurance

Uninsured motorist bodily insurance coverage pays for any medical bills, loss of wages, and other sufferings that the hit-and-run incident inflicted upon you and your passengers.

For instance, your car was hit by an uninsured motorist, and your passenger needs urgent medical care. The motorist can’t pay the bills. Luckily, your uninsured motorist bodily injury coverage will take care of those bills.

Underinsured Motorist Insurance

Sometimes, people purchase insurance, but only to comply with the state requirements. For example, according to the Florida Highway Safety and Motor Vehicles, any vehicle registered in Florida must have personal injury protection and property damage liability worth $10,000 each.

However, if those drivers with minimum coverage total your car and don’t have enough coverage to pay for a replacement, your underinsured motorist insurance will come to the rescue.

Uninsured Motorist Property Damage Insurance

Apart from bodily injury coverage and underinsured motorist coverage, property damage is one of the most expensive costs after a hit-and-run. Insurance.com claims that the most common auto body repair claims are dented bumpers, deep paint scratches, cracked windshields, suspension damages, and rear-end damages.

The cost of repairing dented bumpers and cracked windshields starts at around $600, but correcting deep paint scratches can cost up to $3,500 or more.

Why should you pay such high bills for a mistake you didn’t even make? You shouldn’t have to, but your uninsured motorist property damage insurance will take care of it.

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Who Needs Uninsured Motorist Insurance? 

The aforementioned study from the Insurance Research Council shows that the following states have the highest percentage of uninsured drivers:

  1. Mississippi: 29.4%
  2. Michigan: 25.5%
  3. Tennessee: 23.7%
  4. New Mexico: 21.8%
  5. Washington: 21.7%

Uninsured motorists pose a threat to their savings and put the rest of the drivers at risk. Imagine driving within the speed limit on your lane on a stressful Monday only to be hit by a strange person’s car and then realizing they don’t have the proper coverage to pay for the fender bender they caused.

We recommend that everyone get coverage against uninsured/underinsured motorists. It’s worth the investment.

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Which States Require Uninsured Motorist Insurance?

Although car insurance is mandatory in all 50 states, uninsured motorist insurance isn’t. Most states have listed the coverage as optional. However, a total of 19 states requires uninsured motorist insurance as of 2021. Let’s look at the minimum required coverage for each of these states:

S.no. State Uninsured Motorist Coverage Per Person Uninsured Motorist Coverage Per Accident Uninsured Motorist Property Damage Coverage Per Accident
1 Connecticut $25,000 $50,000
2 Kansas $25,000 $50,000
3 Maine $50,000 $100,000
4 Maryland $30,000 $60,000 $15,000
5 Minnesota $25,000 $50,000
6 Missouri $25,000 $50,000
7 Nebraska $25,000 $50,000
8 New York $25,000 $50,000
9 North Dakota $25,000 $50,000
10 New Hampshire $25,000 $50,000 $25,000
11 North Carolina $30,000 $60,000 $25,000
12 Oregon $25,000 $50,000
13 South Carolina $25,000 $50,000 $25,000
14 South Dakota $25,000 $50,000
15 Vermont $50,000 $100,000 $10,000
16 Virginia $25,000 $50,000 $20,000
17 Washington $25,000 $50,000 $5,000
18 West Virginia $25,000 $50,000 $25,000
19 Wisconsin $25,000 $50,000

In other states, the coverage is optional.

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How Much Does Uninsured Motorist Insurance Cost? 

The average annual cost of uninsured motorist property damage is $50-$75 for a coverage plan of $25,000, as stated by WalletHub. Most insurance agents will agree that an individual needs an uninsured motorist insurance coverage of at least $100,000. However, many factors affect your final insurance premium. Some of these factors are car make and model, driving history, credit score, as well as the state you’re in.

If you’re looking to purchase insurance, then MarketWatch recommends the following car insurance companies:

1. USAA

  • The best insurance company for car insurance for veterans and military
  • Offers insurance in all 50 states
  • Great reputation for customer service

2. State Farm

    • A great option for car insurance for new drivers and students
    • A++ financial rating from AM Best and an A+ rating from Better Business Bureau
    • Great options for uninsured and underinsured coverage

    Here’s a list of other insurance companies that offer uninsured motorist property damage and uninsured motorist bodily injury coverage plans: 

    • Nationwide
    • GEICO
    • The Hartford

    For more accurate premium and coverage details, you need to talk to a local insurance agent in your state.

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    Is Uninsured Motorist Insurance Worth It? 

    It should come with no surprise that we recommend purchasing an uninsured motorist insurance policy. What’s better – paying for insurance now and having a safety net to fall back to when bad things happen, or paying out-of-pocket for unforeseen incidents?

    We understand that affordable coverage is more important if you’re on a budget. But you can work with an insurance agent and figure out the best possible coverage plan that works for you.

    In Conclusion

    No matter how great of a driver you are, if someone crashes into you, you are then looking at a minimum of hundreds of dollars in repairs. If that person happens to be underinsured or uninsured, you will have to cover these costs on your own. Do you have enough resources to make the repairs yourself?

    If you’re not sure what kind of insurance policies you should consider with uninsured motorist insurance, then you need the expert assistance of an insurance agent. Our insurance directory houses local insurance agents with years of experience and a knack for an affordable auto insurance policy. Find an agent and start talking policies right away.

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    Frequently Asked Questions (FAQs)

    Does Uninsured Motorist Insurance Cover Hit-and-Runs?

    Yes, uninsured motorist insurance covers accidents from an uninsured driver and hit-and-run accidents. A hit-and-run is a case where the car hits another car, pedestrian, any object on the street and leaves the scene with little to no regard for their wellbeing. If you have collision and uninsured motorist insurance, you will be covered for property damage, bodily injury, and underinsured motorists against hit-and-runs. 

    Do I need Uninsured Motorist Insurance?

    Of course, you do! Uninsured motorist insurance may seem juvenile, especially since auto insurance is mandatory in most states. However, people find a way to break the rules. Moreover, some drivers like to only go for state-mandated coverage limits. These policies can keep them from getting into legal trouble, but their insurance hardly pays for anything in case of accidents.

    Uninsured and underinsured motorist insurance covers you for both of these instances.

    Is Driving Without Insurance Illegal?

    Driving without insurance is illegal. If caught driving without auto insurance, you will be fined $500 or more, your license and registrations will be suspended for a month, and you will have to pay a reinstatement fee as well. If you’re caught several times, you could face some jail time. Here are some other penalties you could face:

    • Community Service 
    • SR-22 Requirement 
    • Probation 
    • Vehicle Impoundment

    If you’re a new driver or a teenager learning to drive recently, you should definitely get the coverage. Purchasing car insurance without license can be tough but not impossible. Contact your insurance agent for more information. 

    Will My Insurance Premium Increase If There’s a Gap in My Coverage?

    Yes, your insurance premium will likely see a rise if there’s a gap in your coverage. There are quite a few reasons you will experience a gap in your insurance, such as non-payment or late payment. If your insurance company finds that you’re at fault in an accident, then you could potentially be dropped from coverage.

    For insurance providers, a gap in coverage signals that you’re not thorough with payments, are a high-risk customer or are probably simply irresponsible. Therefore, you’re a high-risk client, which means that you’ll be paying higher premiums for your insurance policies.

    Of course, you can qualify for a discount over the years if you keep up good driving history and pay your premiums on time. Talk to your insurance agent for details. 

    What Do I Do If I Get Affected in A Hit-And-Run?

    A driver hurriedly leaving the scene after an accident isn’t only selfish but also against the law. Here’s what you can do after someone hits you and leaves you to fend for yourself. 

    • Note everything you remember about the car, including bits of the license number, make and model of the car. 
    • Gather witnesses and ask for any details you may have missed. Note their contact number as well. 
    • Document the damage so you have proof to show your insurance providers and the cops. 
    • Report the car crash to the police. 
    • Call up your insurance agent and explain the incident with proof. 

    What Is the Difference Between Uninsured Motorist Insurance and Underinsured Motorist Insurance?

    Uninsured motorist insurance covers all property damage and bodily liability in a collision with the at-fault driver who doesn’t carry liability coverage.

    Underinsured motorist insurance covers the same liabilities in case of collisions with the at-fault driver who does carry coverage, but not enough to cover all the expenses. For instance, your car is hit by another car while you were parked. The at-fault driver has coverage worth $15,000, but your repair costs total $18,000. Their insurance will pay for $15,000 worth of damages, and your underinsured motorist insurance will cover the rest. 

    Do I Need Uninsured Motorist Insurance If I Already Have Health Coverage?

    ealth insurance usually covers your medical expenses and treatment for injuries regardless of whether you were in a car accident. However, you’re exposed to loss of income, suffering, and property damage. In any case, more insurance is always better than less or no insurance. Your uninsured motorist bodily injury insurance policy will cover medical bills, and uninsured motorist property damage covers your repair and replacement costs. 

    Should I Get Uninsured Motorist Insurance or Collision Coverage?

    Uninsured motorist property damage and bodily insurance coverage pay for your repairs and medical expenses if you have an accident with an uninsured motorist. Remember that it only pays if you’re not at fault for the accident.  

    On the other hand, collision coverage pays for property damage and medical bills regardless of who is at fault for the accident. If you’re limited budget-wise, you can opt for collision coverage instead of uninsured motorist insurance. Consult with your insurance agent before making any decisions. 

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