no insurance ...

[mAmAnda]

NC:


If I lost my auto insurance, what are the repercussions? Will I be penalized?
I'm not worried about causing an accident, but if I am involved in an accident (not at fault), what will the outcome be?

 

[ecmst12]

Losing your license, and having no one to defend you if there's a dispute about fault.

 

[mAmAnda]

Losing your license, and having no one to defend you if there's a dispute about fault.

Oh, well dang.

Thanks for replying.

 

[ecmst12]

Yeah, driving without insurance is both illegal and stupid. Not to mention potentially way more expensive than having proper coverage.

 

[Zigner]

http://bfy.tw/Ovd





[SUP]I thought Google might have been broken...nope.[/SUP]

 

[StephenH]

Here is what will happen

1) Your license will likely be suspended (unless you live in NH where insurance is not mandatory)

2) If the accident is your fault (in a fault state), you have to pay the full cost of damages you caused out of pocket. This can include damage to the others car, medical bills, pain and suffering, lost wages, legal fees, and court costs.

3) If it happens (in a no fault state), you will be out a car if totalled. Plus, you will pay full price for all your medical bills. You get no money for pain and suffering or lost wages.

4) You can be sued.

5) If the other party suing you gets a judgment, your credit score will suffer.

6) If the other party obtains a judgment against you, you will be forced to do one of the following:

* Pay it in Full
* Work out a Payment Plan
* You could be subject to wage garnishment, liens, or seizure of property depending on your state and the debtors actions
* Accept collection actions and collection calls
* Declare bankruptcy which ruins your credit even further

7) To get a license back after a suspension due to no insurance, often you have to do all the following:

* Wait out the minimum suspension period
* Get insurance or show proof of self insurance, according to your states guidelines
* Get an SR-22 Form
* Show that you have paid off the amount owed, or that a payment plan is accepted by the party