According to an A.M. Best article on August 30, 2007, Texas will soon have “real-time” Auto Insurance Verification in Place by 2008.
With estimates of as many as one in five vehicles on its roadways being uninsured, Texas is putting this new program into place to catch people driving without automobile liability coverage. If they are successful, you can plan on that happening in your state, too. Is this another case of “Big Brother” watching over us?
In my opinion, it’s a good deal. Why? Well, the bottom line is you are paying way too much for claims being caused by uninsured drivers. You probably (if you’re smart) carry coverage on your policy called Uninsured or Underinsured Motorist to protect you for damage to you or your car in case the person who hit you doesn’t carry liability. That cost has risen over the years. Overall, your insurance premiums are poorly affected by those who are unwilling or unable to do the right thing.
If a program like the one Texas is implementing can keep your rates down and better protect you, then I hope this will catch on everywhere. My guess is that it will.
Dan
P.S. Need to learn more about how to save money on your personal insurance? That’s why I wrote the booklet, Your Personal Insurance Survival Guide. You will learn how to save time, money, and frustration, and how to get the right agent for you. To purchase, go to my Toro IC store. You can buy either the actual booklet or an e-book. Don’t wait to save money on your insurance!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment