According to the Insurance Information Institute about one in eight drivers on the road is uninsured.

In New Jersey having a minimum amount of uninsured and underinsured motorist coverage is the law but these minimum amounts may not be enough to cover you adequately.

Having more uninsured and underinsured motorist coverage than the bare minimum can really pay off in real life situations. Here are 3 reasons why it may be worth getting this additional coverage.

1. Vehicle damage

If another driver is at fault for an accident and doesn’t have insurance coverage to repair your vehicle or pay for your bills, you could be stuck paying the bill. If you don’t have sufficient collision coverage, you could end up without your vehicle. Uninsured and underinsured motorist coverage will cover your out-of-pocket expenses and vehicle repairs.

2. Hit-and-run

Having your vehicle involved in a hit-and-run is one of the most frustrating experiences a vehicle owner can face. It can leave you to pay significant repair costs or even pay to replace your vehicle. However, with uninsured and underinsured motorist coverage your insurance company will pay for the damages.

3. Eliminate court cases

Without uninsured and underinsured motorist coverage, you could be stuck taking the responsible party to court. This can be lengthy and costly. With the proper coverage, you can get your vehicle back on the road without having to go through the whole ordeal of hiring an attorney and going after the person who damaged your vehicle, who may not even have the assets to cover the costs for the damage they caused.

Speak with an agent at John B. Wright insurance to make sure you are fully protected against those one in eight drivers on the road without insurance, and the countless others without sufficient coverage.