How Driving with No Insurance Can Impact Your Financial Future

by | May 3, 2018 | Insurance Service

Most states require automobile owners to purchase a minimum amount of insurance coverage to operate their vehicle legally on the road. The basic policy that car owners are responsible for purchasing is designed to help pay the expenses if the driver is ever involved in an accident. From bodily injury to property damage, car insurance in Venice FL is required to financially protect the automobile owner. In addition to ensuring the victim will be reimbursed for any medical expenses and repair costs that occur from the accident. Without adequate insurance coverage, it can place the car owner at risk financially and legally.

Consequences of Driving without Insurance

  • If a drive does not have the state required amount of coverage on their auto, it places them at risk of having their driver’s licenses suspended if not revoked.
  • A driver ticketed for driving without insurance increases their chance of having to pay a higher premium for car insurance in Venice, FL.
  • There are legal penalties a driver can face if they do not carry the state’s required insurance such as high court fees.
  • If they are found at-fault in an accident, the driver will be legally responsible for repaying the other party for any injuries, damages, or financial loss caused by the incident.

Coverage Can be Purchased at a Reasonable Price

If you are caught driving without insurance or involved in an accident, you are risking your financial future and right to operate a motorized vehicle. While most drivers forgo purchasing insurance due to the high cost, obtaining a policy to keep you covered can be affordable with Shaefer Insurance Agency. They offer a range of insurance coverage and work with each client to find the right one that fits their budget. Contact an agent today to learn how they can help keep you covered at a reasonable price.

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