Sometimes a bad driving record can make insurance rates skyrocket. Traffic tickets, car accidents and DUIs all have a tremendous impact on the cost of car insurance. Because of these costs, it may be tempting to go with out Car Insurance in Fox Lake IL. However, there are a number of reasons why driving without car insurance is a bad idea.
If an individual has purchased a new car, a lapse in insurance could cause the car to be taken away or could create an even larger insurance bill. Part of any loan agreement is that the borrower will maintain full insurance coverage on their vehicle. If the insurance lapses, the lender can add the cost of insurance onto the monthly car payment. Since the lender isn’t interested in saving the borrower money, this insurance could be very expensive. If someone chooses not to pay, the vehicle can be repossessed.
There are many instances where people continue to drive without Car Insurance in Fox Lake IL, especially if they own their vehicle outright. The fact is, while it’s very easy to do, the repercussions of this could be disastrous.
In Illinois, a driver who is pulled over and found to be without insurance will receive a $500 fine. Their registration will also be suspended until insurance is reinstated. If that driver is pulled over again while under suspension, then the fine is $1000. Repeat offenders will find that they will be unable to drive their car for an extended period of time. It only takes two offenses to receive a four-month suspension on a car’s registration.
Any uninsured driver that causes an accident is still financially responsible for paying the damages for the accident. The average cost of an accident in the US is $3,000 for property damage and $15,000 for medical. This says nothing about any impending legal problems, which can rack up court costs and attorneys fees as well.
The fact is that driving without Car Insurance in Fox Lake IL is illegal. The truth is that while Auto Insurance can be expensive, it’s something that everyone should have. It’s the responsible thing for you and for the people you share the road with. If car insurance is too expensive for you, take public transportation, but don’t be without auto insurance while driving a vehicle. Visit here for more information.
