Will My Insurance Go Up If I Use My Uninsured Motorist Coverage?
Many people hesitate to use their uninsured motorist (UM) coverage because they worry it might increase their insurance rates. The truth is yes, there’s a possibility of a slight increase, but in almost every case, the protection and recovery you get far outweigh any minor change in premiums.
Why You Bought UM Coverage
Uninsured motorist coverage exists specifically to protect you when the at-fault driver has no insurance at all. If you’re in an accident with someone uninsured, using your own UM coverage ensures that your medical bills, lost wages, and other damages are covered. This coverage is exactly why you purchased it—it’s there to protect you when the other driver cannot.
Even after paying attorney fees, the recovery you receive under UM coverage will almost always be far higher than any small increase in your premiums. Many policies start at $30,000 or higher, which is more than enough to cover significant medical bills or lost income. A small uptick in your monthly premium is a tiny price compared to the protection you receive.
The Risk vs. Reward
Yes, there’s a potential minor premium increase. But it’s insignificant compared to the financial risk of not using your coverage. If you skip filing a UM claim, you could end up paying medical bills or other damages out of pocket. Using your coverage ensures you’re not financially responsible for someone else’s negligence—or lack of insurance.
Take Action and Use Your Coverage
Your attorney can help you file the claim, negotiate with your insurance company, and make sure you receive everything your policy allows. Don’t let a minor, theoretical increase in premiums prevent you from getting the compensation you deserve.
Bottom Line
Your recovery after an accident with an uninsured driver is likely far greater than any increase in premiums. Using your uninsured motorist coverage protects you and ensures you are not left paying for someone else’s mistakes.
