fbpx Skip to content

Accidents and Auto Insurance

logo
The Facts

We have all heard the phrase “accidents happen”. According to Forbes magazine, the average person will be in 3 to 4 car accidents during their life. Of course, the severity of those accidents varies. The Association for Safe International Road Travel keeps stats on these accidents. They report that 1.3 million people die in car crashes each year. Additionally, vehicle crashes injure or disable 20 to 50 million.

According to the Rocky Mountain Insurance Information Association (RMIIA), police reported nearly 6.3 million car accidents in 2016. Still, around 10 million crashes are not reported every year. Therefore, every time you climb into your car, you are at risk for being in an accident. It can happen to anyone at any time.

The Costs

Moreover, even in non-fatal crashes, the costs are serious. Injuries from car accidents often leave people unable to work. In addition, quality of life becomes lower. On top of that, victims can find the cost of the auto repair far too high. Even with insurance, there is much to consider. It is key to look at the amount of the deductible and the extent of the coverage. Without insurance, paying expenses can be impossible. Many people are unable to make the needed fixes to their cars.

In 2013, the RMIIA determined that the average collision claim was upwards of $3,000. Auto claims for property damage were around the same amount. The average amount for bodily injury claims was over $15,000. Private insurance companies only paid about 50% of costs from accidents. Consequently, this left victims responsible for roughly 26%. As a result, the type of auto insurance coverage you have is crucial.

The Takeaway

If you had the misfortune of being involved in a car accident tomorrow, how much would your insurance cover? What would you be responsible for paying before their coverage kicks in? Would you be able to afford it? These are important things to consider to make sure that you are prepared for the unexpected. Sometimes, it is worth paying a few dollars more in monthly payments to make sure that you have good coverage when an accident does happen. Remember, with car accidents, it is more a question of when rather than if. So, compare quotes today to protect yourself from letting a car crash ruin your life.

Auto Listings
Motorcycle Listings
Life Listings
Health Listings
Home Listings
Small Business Listings

Leave a Comment





This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECENT POSTS

Guide to Open Enrollment: Making Sure You Are Insured for Next Year

December 3, 2019

‘Tis the season! That doesn’t just apply to the holidays, but also to health insurance. You have probably heard the phrase “open enrollment” tossed around either on the news or…

Read More

Life Insurance Needs Assessment: Top 5 Reasons You Need Life Insurance

November 24, 2019

We are all guilty of procrastinating every now and then. Especially when it comes to the somewhat morbid topic of life insurance. We all know that our death is an…

Read More

Health Risks and Insurance Costs of Vaping: Is It Really “Cool to Vape”?

November 14, 2019

For decades, smoking has been advertised as cool, sexy, and trendy. With the invention of the e-cigarette, tobacco companies did not stray from their tried and true marketing strategy. Plus,…

Read More

Evaporated into Thin Air: Unseen Effects of Vaping on Health Insurance

October 31, 2019

Among many of the world’s new inventions, e-cigarettes have become a new craze. A recent article from Reuters reported that roughly 1 in 20 Americans are currently vaping or using…

Read More

Save on Car Insurance: Top 5 Ways to Secure a Cost-Effective Auto Policy

October 17, 2019

We are all trying to save more money, but sometimes there don’t seem to be any areas to cut back. One avenue to explore is ways to save on car…

Read More

All Risk Home Insurance Coverage: It’s a Risky Business to Go Without

October 15, 2019

We have all heard the horror stories about people not buying specific insurance coverage and then losing their homes to a tragedy. After an earthquake in California, our neighborhood chat…

Read More

Gap Coverage 101: What You Need to Know About Health Insurance

August 22, 2019

Mind the Gap There are several situations in life that cause people to either change their health insurance, end their health insurance, or have a gap in coverage. I recently…

Read More

Motorcycle Insurance 101: First Time Riders

August 13, 2019

The Cool Commuter When you think of motorcycles, a few things come to mind. Typically, they are thoughts related to the Sons of Anarchy. However, there are actually a lot…

Read More
Scroll To Top
%d bloggers like this: