Arizona is revered for a long list of attributes, including it’s beautiful scenery, warm weather, and unique culture. In fact, tourism alone supports over 163,000 jobs in Arizona and generates just under $20 billion in direct spending (https://tourism.az.gov/research-and-statistics, 2015). What you won’t hear our state boasting about, however, is our current standing as one of the most financially risky states for drivers (Lawmaker: Arizona should raise insurance requirements for drivers, par. 7). While there is no one reason that can be considered the sole cause for this problem, we can assume that it is due to a combination of the following issues:
1) Arizona does not require uninsured driver coverage (one of only 25 states that does not require this),
2) approximately 10.6% of Arizona drivers do not carry auto insurance,
3) and Arizona is considered to have very lenient minimum liability insurance requirements.
There are a number of legislative pieces currently at play with intentions to better our state’s auto insurance requirements. Until then, however, Arizona drivers need to be aware of the monetary risks associated with a simple drive down the street.
First, regardless of who caused the accident, an uninsured/underinsured driver will leave you to foot the bill for any damages or personal injury that result from the collision. If your auto insurance coverage is at the minimum requirements, or if you don’t hold any uninsured/underinsured driver coverage, this amount can easily exceed your coverage limits and will be billed to you personally. In addition, if you are unable to pay this bill upfront, up to 40% of your wages may be garnished until the amount due is recovered. This information alone is typically enough to convince drivers to review their coverage, especially when you factor in how many known uninsured drivers there are in Arizona.
Shaner’s Suggestion: Because we have access to dozens of carriers, we are able to offer coverage plans at the best rates out there. Don’t get stuck paying someone else’s bill- give us a call at (520)333-6224 or stop in to our office at 1250 S. 4th Ave., Suite #150 to review your auto insurance policy and ensure you’re appropriately covered when the worst happens.