Quote:
Originally Posted by Paully
Uninsured motorist only pays for medical bills so if you already have medical insurance just ditch it.
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Just some food for thought.
My health insurance has an annual $2500 deductible and will pay about 80% of hospital costs (maybe more on some procedures).
Let's say an uninsured motorist hits me and I get messed up pretty badly. I need a few surgeries and I rack up $150K in medical bills which is very easy to do these days. I would be on the hook for roughly $32K of those bills. I might be able to sue my insurance and get them to pay or I might be able to sue the other driver and get them to pay it, but there is no guarantee that it will be covered.
How much uninsured motorist or any insurance costs can vary greatly depending on where you live and what your driving record is. For my main car I pay a total of $600 per year for insurance. That covers collision, uninsured etc. My uninsured only costs me about $150 per year so for me it is well worth spending those few dollars instead of potentially risking a massive medical bill.