Don’t make the same mistake of this girl with her new car

Truck Hits Car and Flees the Scene- Don’t Make the Same Insurance Mistake as this Guy.

(06/30/2015: A flat bed truck with forklift hits a Jaguar F-type, causing it to hit the guard wall and totaling the car. The truck flees the scene. Caught on witness’ dash cam.)

The basic principle behind car insurance is this: if your vehicle and another vehicle are involved in an accident, the insurance of the at-fault driver will pay for the damages and injuries out of the bodily injury liability and property damage liability coverage. But what if the driver who causes the accident doesn’t have insurance? Or worse, what if the driver causes an accident and drives off, never to be seen again?

Car Insurance and Uninsured Motorist Coverage

If you are hit by another vehicle and they flee the scene, you could wind up paying for all of your medical bills and vehicle damages yourself; insurance companies are notorious for not paying out unless they absolutely have to, so to make sure you’re protected in case of a hit and run accident, you might want to consider adding uninsured motorist coverage to your auto insurance policy. Uninsured motorist coverage will cover your injuries and damages in the event that the at-fault driver doesn’t have car insurance, or in the event of a hit and run crash.

The driver of the Jaguar in this video most likely didn’t have uninsured motorist coverage on his car insurance policy; most people don’t because they think it’s a waste of money. But did you know that, depending on the state, as many as 30% of drivers don’t carry the required insurance? Without the right coverage in your car insurance policy, you could end up paying for their wrongdoings.

Balancing Premiums with Coverage

As with all insurance coverage, the more coverage you have, the higher your monthly premiums are going to be. We all hope we never have to use our insurance, but if disaster strikes like it did in this video, having the right coverage can save thousands of dollars, and a big headache. It’s up to you to consider how much coverage you can afford, taking into account the replacement cost of your vehicle and your ability to pay your medical expenses in the event of an accident with an uninsured motorist or a hit and run driver. Drive safely, everyone.