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States with the Most Uninsured Drivers:
Colorado is Ranked #9!
By: Jaci Buscher | Date August 28, 2014
One of the commonly disregarded auto insurance coverages is uninsured motorist coverage, both for property damage as well as bodily injury. However, the scary truth is that Colorado is one of the top ten states with the most uninsured motorists. About eight to ten years ago, one in three Colorado drivers drove without insurance. According to a recent report from the Insurance Research Council (IRC), this number has since improved to one in six drivers in Colorado. Despite this improvement, our Rocky Mountain state is currently holding the 9th spot on the list of the states with the most uninsured drivers. Clearly, there is still something wrong and we want to make sure you are protected. Here is the list of top ten states with the most uninsured drivers out on the road:

1. Oklahoma: 25.9%
2. Florida: 23.8%
3. Mississippi: 22.9%
4. New Mexico: 21.6%
5. Michigan: 21.0%
6. Tennessee: 20.1%
7. Alabama: 19.6%
8. Rhode Island: 17.0%
9. Colorado: 16.2%
10. Washington: 16.1%

The study by the IRC reflects the ratio of uninsured motorist claims to total bodily injury claims, thus a higher percentage means that a large amount of all the bodily injury claims are reported as being the responsibility of an uninsured driver. As previously mentioned, Colorado drivers have become much better about carrying auto liability insurance, however, compared to other states we still have a lot of work to do.

This high percentage of uninsured drivers out on the road means that it is incredibly important for Colorado drivers to carry Uninsured Motorist coverage, especially Uninsured Motorist Bodily Injury (UMBI). Here at The Insurance Place, we recommend that all our insureds carry UMBI, and we leave it up to the insured to determine whether they would like to purchase Uninsured Motorist Property Damage (UMPD) coverage.

As you may guess, UMBI is important because you never quite know how bad an accident can be and even a minor car accident can lead to exorbitant medical bills. UMPD is not quite as important because there is a maximum amount of damage that can be caused to your car; that is the damage cannot exceed the value of the vehicle. For this reason, it is up to the insured whether or not they are comfortable absorbing the cost to replace a vehicle in the event that it is totaled by an uninsured driver. Also, for vehicles carrying collision coverage, they would already be protected if damage was caused by an uninsured motorist. If you have any questions about these coverages or would like to check whether or not they are included on your policy, please do not hesitate to give us a call.