There's a brand new law making its way through the Oklahoma legislature. Uninsured motorists be warned: this is targeted at you.
Basically exactly what the law does is that if an uninsured driver is within a major accident, that driver is limited in what damages they may collect. Repair and medical costs will likely be paid, nevertheless they can overlook pain and suffering costs.
The Oklahoma insurance Commissioner explained his support of the law bluntly: 'Driving is often a privilege, not really a right.' He proceeded to imply that we now have requirements that folks have to meet in order to legally drive in the state, including being of a certain age. The new law addresses the challenge that nearly one quarter of Oklahoma drivers don't have liability insurance.
Other states, such as Kansas and Louisiana have such laws. They really are recommended.
Insurance is based on the thought of shared risk. A crowd buy policies. It's unlikely that everybody in the group may have some unfortunate event and file a claim. So by them all paying somewhat for his or her insurance, the insurance plan company pays for that events that happen for the few.
When a great number of folks don't have insurance and therefore are not financially responsible because of their actions, the insurance companies avoid eating the losses. While each will claim they can 'be on our side' or assure us that 'we're in good hands' with these, you will find there's limit as to what they'll do. After all, they are inside the business to generate money, not be a charity. So the losses caused by uninsured drivers are all passed on to you and me, and everyone else who complies using the law and buys insurance.
And those aren't the sole costs the responsible drivers get stuck with. If you are in an accident brought on by an uninsured driver, good luck hoping to get these phones purchase damages. Many people buy extra insured so they will probably be covered in the event that such things happen t them. So they're not only buying insurance by themselves, but also for those that won't buy their very own.
As more states pass laws such as the one Oklahoma is considering, those without auto insurance should check now at their selections for affordable vehicle insurance. There are plenty of places to have quotes online. Even if you have an inadequate record, a fantastic agent are able to assist you in finding insurance that gives coverage to suit the minimum necessary for your state.