OAI: Oklahomans without Auto Insurance Should Take Note of New Law

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The state's new 'no pay, no play' law reduces the types of damages that uninsured drivers can successfully sue for after a crash

A new Oklahoma law that makes uninsured motorists ineligible for many damages resulting from vehicle accidents should be a wake-up call for those who are driving without a policy to pay for a cheap car insurance policy that will protect them financially in the event of a crash, according to Online Auto Insurance (OAI).

Starting in November, uninsured drivers in the Sooner State will no longer be able to receive damages for pain and suffering related to a vehicle crash—even if they did not cause the crash. They will remain able to recover economic costs including property damage and loss of income, but will not be allowed to successfully sue for other losses that, while less tangible, can still add up.

And the new law is only one of the penalties facing those who flout the state’s coverage requirements.

Under Oklahoma law, all motorists must carry enough liability coverage to pay for up to $25,000 for bodily injury to one person and up to $50,000 per accident, plus as much as $25,000 in property damage.

Drivers who snub those requirements are subject to license suspension, fines imposed by state officials and possibly even jail time, in addition to other municipal fines and penalties.

Source: http://www.ok.gov/oid/documents/PC-Auto_Liability.pdf

The new “no pay, no play” law is meant to give those who drive uninsured—even if it’s because they believe they cannot afford coverage—even more reason to invest in auto policies.

But according to the Insurance Research Council, about 24 percent of Oklahoma drivers were uninsured in 2009, one of the highest percentages nationwide.

And while state law outlines the least amount of coverage consumers have to purchase to be legal on the road, industry experts typically advise consumers to spend a little extra on policies that provide more than the minimum levels mandated by their state.

They also advise motorists to consider purchasing uninsured and underinsured (UM/UIM) coverage, which is meant to protect policyholders who are unfortunate enough to get into accidents caused by drivers with no coverage or liability limits that are too low to pay for all injuries and damages.

To learn more about this and other auto insurance issues, readers can go to http://www.onlineautoinsurance.com/cheap/ where they will find informative resource pages and a rate-comparison generator that can quickly evaluate their coverage options.

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Gregor McGavin
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