--- title: Personal Insurance Rate Hike Leaves Drivers Underinsured or Uninsured description: the number of Uninsured & Underinsured motorists are increasing. Learn how your auto insurance policy protects you on the road against these drivers. image: https://blog.concklin.com/hubfs/damaged-in-heavy-car-accident-vehicles-after-colli-2022-01-11-03-18-34-utc-1-1.jpeg --- [Skip to content](https://blog.concklin.com/personal-insurance-rate-hike-leaves-drivers-underinsured-or-uninsured#main-content) [facebook-f icon](https://www.facebook.com/ConcklinInsurance) [linkedin-in icon](https://www.linkedin.com/company/concklin-insurance-agency) [Twitter icon](https://twitter.com/ConcklinA) [youtube icon](https://www.youtube.com/channel/UC_HnJQ4S_USSxBJkauXwu6A) [**Contact Our Team **](https://insurance.concklin.com/compare-quotes#CLQuoteRequest) **[630-268-1600](tel:+16302681600)** **[Contact Our Team](https://insurance.concklin.com/compare-quotes#CLQuoteRequest)** ****[630-268-1600](tel:+16302681600)**** [![Concklin Logo-1](https://blog.concklin.com/hs-fs/hubfs/Concklin%20Logo-1.png?width=314&height=100&name=Concklin%20Logo-1.png)](https://insurance.concklin.com/) - About Us Show submenu for About Us - [Our Story](https://insurance.concklin.com/about-us-who-we-are) - [Our Team](https://insurance.concklin.com/meet-our-team) - [Contact Us](https://insurance.concklin.com/contact-us) - [Markets & Industries](https://insurance.concklin.com/industry-specific-insurance-programs) - [Business Insurance](https://insurance.concklin.com/business-insurance-coverage) - [Personal Insurance](https://insurance.concklin.com/personal-lines-insurance-coverage) - Life & Health Insurance Show submenu for Life & Health Insurance - [Life Insurance](https://insurance.concklin.com/life-insurance) - [Health Insurance](https://insurance.concklin.com/health-insurance) - Resources Show submenu for Resources - [Claims Resources](https://insurance.concklin.com/claims-resources) - [Cyber Resources](https://insurance.concklin.com/cyber-insurance-resources) - [Blog](https://blog.concklin.com/) - [Video Library](https://blog.concklin.com/video-library) - [Client Portal](https://insurance.concklin.com/client-portal) - [Make A Payment](https://concklin.appliedpay.com/) Open main navigation Close main navigation - About Us Show submenu for About Us - [Our Story](https://insurance.concklin.com/about-us-who-we-are) - [Our Team](https://insurance.concklin.com/meet-our-team) - [Contact Us](https://insurance.concklin.com/contact-us) - [Markets & Industries](https://insurance.concklin.com/industry-specific-insurance-programs) - [Business Insurance](https://insurance.concklin.com/business-insurance-coverage) - [Personal Insurance](https://insurance.concklin.com/personal-lines-insurance-coverage) - Life & Health Insurance Show submenu for Life & Health Insurance - [Life Insurance](https://insurance.concklin.com/life-insurance) - [Health Insurance](https://insurance.concklin.com/health-insurance) - Resources Show submenu for Resources - [Claims Resources](https://insurance.concklin.com/claims-resources) - [Cyber Resources](https://insurance.concklin.com/cyber-insurance-resources) - [Blog](https://blog.concklin.com/) - [Video Library](https://blog.concklin.com/video-library) - [Client Portal](https://insurance.concklin.com/client-portal) - [Make A Payment](https://concklin.appliedpay.com/) --- Sep 6, 2023, 1:34:55 PM # Personal Insurance Rate Hike Leaves Drivers Underinsured or Uninsured ![Picture of Amanda Yaniz](https://blog.concklin.com/hs-fs/hubfs/Amanda%20Yaniz.jpeg?width=50&name=Amanda%20Yaniz.jpeg) [Amanda Yaniz](https://blog.concklin.com/author/amanda-yaniz) Share: [facebook-f icon](http://www.facebook.com/share.php?u=https://blog.concklin.com/personal-insurance-rate-hike-leaves-drivers-underinsured-or-uninsured) [linkedin-in icon](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.concklin.com/personal-insurance-rate-hike-leaves-drivers-underinsured-or-uninsured) [Twitter icon](https://twitter.com/intent/tweet?url=https://blog.concklin.com/personal-insurance-rate-hike-leaves-drivers-underinsured-or-uninsured) [envelope icon](mailto:?body=https://blog.concklin.com/personal-insurance-rate-hike-leaves-drivers-underinsured-or-uninsured) Personal Insurance Rate Hike Leaves Drivers Underinsured or Uninsured 2:45 The increase in personal insurance rates has undoubtedly led to a decrease in people being adequately covered. As insurance premiums rise, some individuals may find it challenging to afford the new rates, leading them to make difficult decisions. In this situation, some drivers are faced with the reality of driving underinsured or uninsured. Driving underinsured means having an insurance policy that does not provide sufficient coverage to protect against potential damages or liabilities in an accident. On the other hand, driving uninsured means having no insurance coverage at all. Both scenarios can create significant problems for drivers and the overall safety of the road. When drivers are underinsured or uninsured and get involved in an accident, several negative consequences can arise. - If they are at fault, they may be held personally responsible for covering all the damages, medical expenses, and liabilities resulting from the accident. This could potentially lead to financial ruin for the at-fault driver, as they could be required to pay out of pocket for any expenses not covered by their insurance policy. - If the at-fault driver lacks adequate financial resources, the other party involved in the accident may not receive the compensation they are entitled to. This can leave innocent victims without proper reimbursement for their medical bills, property damage, and other losses incurred in the accident. To address these concerns and protect responsible drivers, many states in the US require auto insurance policies to include uninsured/underinsured motorist coverage (UM/IUM). This type of coverage is designed to safeguard insured drivers from the financial fallout of accidents involving uninsured or underinsured drivers. The lowest liability limits you should carry for UM/UIM is $100,000 per person/$300,000 per Accident (100/300). Uninsured motorist coverage provides benefits to the policyholder and other eligible occupants of their vehicle if they are injured in an accident caused by an uninsured driver. On the other hand, underinsured motorist coverage comes into play when the at-fault driver does have insurance, but the coverage limits are insufficient to fully compensate for the damages caused in the accident. With uninsured/underinsured coverage, if you are the innocent party involved in an accident with an uninsured or underinsured driver, your own insurance policy will step in to cover your medical expenses, lost wages, and property damage up to the limits of your coverage. This ensures that you won't be left in a dire situation due to someone else's lack of insurance.   [Auto Insurance](https://blog.concklin.com/tag/auto-insurance), [Personal Lines Insurance](https://blog.concklin.com/tag/personal-lines-insurance) ## Related posts [![Insurance Agent explaining policy - close up](https://blog.concklin.com/hs-fs/hubfs/estate-agent-giving-house-and-keys-to-client-after-2024-10-18-06-58-47-utc-1.jpeg?height=200&name=estate-agent-giving-house-and-keys-to-client-after-2024-10-18-06-58-47-utc-1.jpeg)](https://blog.concklin.com/understanding-deductibles-how-they-impact-premiums-and-claims) [Homeowners](https://blog.concklin.com/tag/homeowners), [Auto Insurance](https://blog.concklin.com/tag/auto-insurance), [Personal Lines Insurance](https://blog.concklin.com/tag/personal-lines-insurance), [Insurance 101](https://blog.concklin.com/tag/insurance-101) ## [Understanding Deductibles: How They Impact Premiums and Claims](https://blog.concklin.com/understanding-deductibles-how-they-impact-premiums-and-claims) [Read more](https://blog.concklin.com/understanding-deductibles-how-they-impact-premiums-and-claims) [![](https://blog.concklin.com/hs-fs/hubfs/What%20Happens%20If%20Your%20Home%20Is.png?height=200&name=What%20Happens%20If%20Your%20Home%20Is.png)](https://blog.concklin.com/what-happens-if-your-home-is-underinsured) [Homeowners](https://blog.concklin.com/tag/homeowners), [Personal Lines Insurance](https://blog.concklin.com/tag/personal-lines-insurance), [Insurance 101](https://blog.concklin.com/tag/insurance-101) ## [What Happens If Your Home Is Underinsured?](https://blog.concklin.com/what-happens-if-your-home-is-underinsured) [Read more](https://blog.concklin.com/what-happens-if-your-home-is-underinsured) [![Boarded up store front with peace and love signs](https://blog.concklin.com/hs-fs/hubfs/Imported_Blog_Media/boarded_up_business.jpg?height=200&name=boarded_up_business.jpg)](https://blog.concklin.com/blog/civil-unrest.html) [Business Insurance](https://blog.concklin.com/tag/business-insurance) ## [Civil Unrest](https://blog.concklin.com/blog/civil-unrest.html) [Read more](https://blog.concklin.com/blog/civil-unrest.html) [![Concklin Logo](https://blog.concklin.com/hs-fs/hubfs/Concklin%20Logo.png?width=150&height=48&name=Concklin%20Logo.png "Concklin Logo")](http://concklin.com) [facebook-f icon](https://www.facebook.com/ConcklinInsurance) [linkedin-in icon](https://www.linkedin.com/company/concklin-insurance-agency) [Twitter icon](https://twitter.com/ConcklinA) [youtube icon](https://www.youtube.com/channel/UC_HnJQ4S_USSxBJkauXwu6A) - About Us - [Markets & Industries](https://insurance.concklin.com/industry-specific-insurance-programs) - [Business Insurance](https://insurance.concklin.com/business-insurance-coverage) - [Personal Insurance](https://insurance.concklin.com/personal-lines-insurance-coverage) - Life & Health Insurance - Resources - [Make A Payment](https://concklin.appliedpay.com/) --- REQUESTING COVERAGE DOES NOT GUARANTEE COVERAGE CAN BE PROVIDED.  COVERAGE CAN BEGIN ONLY WITH SPECIFIC STATEMENT BY A LICENSED MEMBER OF CONCKLIN INSURANCE AGENCY. 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