Sunday, 4 January 2009
Beaumont Insurance Agencies Are Reporting More Drivers Dropping Insurance To Save Money
Insurance agencies are reporting more drivers are letting their car insurance lapse because of the sour economy and that is putting themseleves and others at risk.
According to the insurance research council several hundred thousand drivers dropped their insurance in the past year as the jobless rate climbed.
Online Agency Insurance Dot Com says it's also seeing evidence recently of more uninsured motorists.
Another factor may be that many people faced with huge bills from hurricanes let their insurance lapse, but this could be a costly decision.
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