When money is tight, it might be tempting, but it’s very unwise.
First off, if you get into an accident, you might just find your entire life plan disrupted. Even if you’re not at fault, how would you pay for medical treatment or damage to your vehicle if the driver at fault doesn’t have insurance? And if you are at fault, your finances could be completely ruined by valid claims that other drivers will come after you to pay.
Well, you might say the chances of being in an accident are pretty low, and that might be true. But as unwise as it might be, being willing to chance the odds of an accident isn’t the only risk you’re taking by driving uninsured — if you get stopped for a moving violation or for some other reason, and it is discovered that you are not carrying required insurance, you could face a number of penalties, including having your car impounded and very likely a court summons.
So, what’s the wise thing to do? Try to find the lowest cost insurance available to you. Talking to an insurance professional will help you to learn what the minimum car insurance coverage you’re required to carry. And they can also explain why carrying more than the least amount of legally required insurance might be a good idea.
You might be surprised to find that affordable auto insurance is not as hard to get as you might think, so do yourself a favor and find out the facts rather than assume that the insurance coverage you need is not something you can afford to buy. It’s much more likely that car insurance is something you just can’t afford to do without.