Posted by Juhn in
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Uncategorized on 02 9th, 2011 |
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In today’s economy, every little bit of money saved counts – which is why many people may be tempted to save money by choosing not to purchase car insurance. People who do this are taking a gamble – they tell themselves that they’ll only use their cars for emergencies – just to drive down the street to the store and so on – and that they’ll be super careful. But the fact is, deciding not to purchase car insurance is a risk that may not be as easy to get by with as some people think.
What Happens if You Get Caught Without Car Insurance
Depending on what country you live in (as well as what state), the penalty for driving a car without car insurance varies. It could include a fine of hundreds of dollars, or it may include jail time or the impounding of your vehicle (if you are unable to pay the original fine). Most states use a point system when driving and if you accumulate enough points against you by breaking traffic violations, you may even lose your license.
In the Case of an Accident
If there is an accident and you are driving without insurance, the penalties can be even more severe. Not only will you receive a fine and possible jail time or the suspension of license, you may also be held financially responsible for the damage and/or injuries or deaths of other people involved in the accident. Imagine just trying to save some money by not purchasing
cheap car insurance, and then being sued for hundreds of thousands – or even millions – of dollars due to a car accident! The penalties you may pay just because you tried to save this money can ruin your financial stability for life.
