Driving a car is a very important responsibility that all people need to take seriously. While most people are aware that they need to carry auto insurance at all times, others may wonder what would happen if they stop paying for auto insurance and no longer have coverage. If you do not carry auto insurance, several things could happen to you and your vehicle.
Loss of Driving Rights
If you stop paying your auto insurance bill, one thing that could happen to you is that you could lose your right and ability to drive. All drivers in the Ashland, KY area are required by law to carry at least the minimum amount of liability auto insurance at all times. If you do not carry this amount, you could face pretty significant penalties if you are ever pulled over and caught driving without insurance. These penalties can include significant financial fines, loss of driving privileges, and even imprisonment if you are a routine offender.
Out of Pocket Expense
If you are involved in an accident and are determined to be liable but do not have auto insurance, you still will be responsible to repay the other party. Since you do not have auto insurance, there is a chance that these expenses could be very significant. Furthermore, a court order may force you to enter into a repayment plan.
Since having auto insurance is so important, those that are looking for a new policy in the Ashland, KY area should meet with the Sharp Insurance & Financial Services company to discuss their auto insurance needs. Sharp Insurance & Financial Services will be able to help you better understand the possible penalties and drawbacks of not having auto insurance in place and will help you get into a new auto insurance policy.