U.S. Drivers Dropping Auto Insurance Coverage at Alarming Rate

U.S. Drivers Dropping Auto Insurance Coverage at Alarming Rate
Despite the high rate of dropped auto insurance coverage, most Americans are finding a better way to respond to worsening economic conditions. SaveTodayAutoInsurance.com reports increased usage as drivers seek lower auto insurance rates as a safer alternative to canceling their policies in response to the economic downturn

Lexington, Kentucky (Advertiser Talk) 28-Nov-2009 — Thinking about dropping your auto insurance coverage as a means to cut expenses in these recessionary times? Let’s face it, such actions are risky.

When asked if they were to drop their car insurance coverage due to economic conditions, 15% of respondents of a 2009 comScore survey¹ indicated that they didn’t think their insurance company would increase their rates when later reinstating their policy. And 72% of the respondents were not sure. Though most were not likely to go without auto insurance coverage due to the economy, few consumers understand the consequences.

It just isn’t worth the risk There are 3 compelling reasons to avoid the temptation of skipping your auto insurance coverage Most Americans are responsible, and resist the temptation to drop auto insurance coverage in tough economic times. These drivers are willing to shop for alternatives auto insurance providers as a means to reduce insurance costs Don’t drop your auto insurance coverage. Instead, get competitive auto insurance quotes and save hundreds on your auto insurance policy. During Recessionary Times Don’t Drop Car Insurance Coverage

This year the Insurance Research Council reported that one in six drivers in the U.S. may be driving uninsured by 2010 due to a continuing economic downturn. “It just isn’t worth the risk” says Jim Musselwhite, a founder of http://SaveTodayAutoInsurance.com/online1. “There are 3 compelling reasons to avoid the temptation of skipping your auto insurance coverage”, says Musselwhite. 1. Driving without car insurance is a crime 2. Your auto insurance rates will increase when you reinstate your policy 3. You very well may incur stiff penalties


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