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More Drivers Dropping Insurance Coverage

On behalf of posted in Insurance Issues on Monday January 24, 2011

With an uncertain economic future, people tend to examine different areas in which to save money. Unfortunately, a recent study suggests that more and more drivers are dropping auto insurance in this effort. In 1999, a study by the Insurance Research Council (IRC) found that 13 percent of drivers were uninsured. A similar report in 2003 found that number had spiked to nearly 15 percent. The IRC now predicts that number to grow even higher in 2010. The most recent IRC study notes a strong correlation between unemployment numbers and the number of uninsured motorists. Specifically, the IRC found that an…

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