Can I waive uninsured motorist coverage to lower my insurance premiums?

In states where it is not required, uninsured motorist coverage can be waived to lower insurance premiums, but it may not be a good idea. If you are in an accident with an uninsured driver, you could be stuck paying for damages out of pocket. Additionally, it might not impact the cost of your insurance as much as you think. It’s important to weigh the risk of being in an accident with an uninsured driver against the savings in premiums. Consider discussing your options with your insurance agent before making a decision.

Posted by Alyssa DiCrasto

Alyssa uses her many years of experience writing about complex industries to research and create clear content that makes insurance easy to understand. She has been with Rate Retriever since its beginning, establishing our strict editorial policy and directing our comparison experience.

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