HomeRenters InsuranceRising number of uninsured drivers increases auto insurance costs, report warns

Rising number of uninsured drivers increases auto insurance costs, report warns


Mercury Insurance, headquartered in Los Angeles, offers personal auto, homeowners, and renters insurance in several states through independent agents. The firm outlined several ways uninsured drivers impact insurance rates. When more drivers are uninsured, insurance companies face increased risk because they must cover more accident-related costs. As a result, insurers raise rates for all policyholders, even those with clean records, to compensate for the financial impact.



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