Some people feel tempted to lower their car insurance coverage or cancel it to save money. While you can save money by canceling or lowering your coverage, you might want to think twice before going through with it. If you do not have car insurance, or if you do not have enough insurance, you take some risks. What are these risks, you might ask? Here are some of the risks you take by driving without enough or any car insurance.
You Can Get a Ticket
If the police pull you over for speeding or any other reason, they will ask for proof of auto insurance. If you do not have any insurance, you will not be able to prove that you have it. In fact, you will have to tell them that you do not have any. The result of this will most likely be a ticket for driving without insurance, as most states require that all drivers have it.
You Might Get Sued
If you cause an accident and do not have enough insurance or any, the other driver can sue you. They can sue you for the total amount of damages they encountered from the collision, which could be thousands of dollars. If you do not want to lose all your money, your house, and other assets, you should not drive without car insurance coverage. Driving without it is too much of a risk.
You Could Lose Your Driver's License
The next risk you take is losing your driver's license. You might not lose it if you get just one ticket, but you risk losing it if you get multiple tickets or driving offenses. If you lose it, getting it back is never easy.
You Might Need SR-22 Insurance
The other thing to know is that you might need to buy an SR-22 insurance policy if the police catch you driving without insurance. SR-22 is for high-risk drivers, and it costs more than regular car insurance. If you need this, you will end up spending a lot more money on your car insurance than you would have if you had bought it in the first place.
These are some of the risks you take when driving without any or enough car insurance. If you want to avoid these risks, purchase an auto insurance plan. You can call around for quotes to find a company that offers an affordable car insurance policy for your budget and needs.
