Accident Insurance

Reader’s Question:

I am in financial crisis at the moment and plan not to renew my car insurance which will expire this January 2009. Would I be in trouble and get penalized by driving without car accident insurance?

Horacio

Melbourne, FL

Yes, you will be in trouble for driving without any car accident insurance as it is illegal to drive without one. Keep in mind that the authorities could suspend your driving privileges together with your vehicle tag & registration for as long as three years until such time that you provide them with proof that you have already availed of car accident insurance. Also, the Department of Highway Safety and Motorcycle Vehicles would know if you haven’t renewed your insurance from your previous insurer. So, there’s no way out, really.

If you are really low in budget, I can advise you to not drive and just take public transportation. But you know what a hassle that could be. So, at the very least, try to get the minimum state-required property damage and PIP car accident insurance coverage for your vehicle, so as to avoid legal trouble and penalties. If police catch you driving without any insurance, it will cause you a whole lot more, which is not good especially since you are in financial crisis at the moment. Better get a car accident insurance as soon as possible.