One of the most beneficial types of auto insurance coverage to have in Louisiana is uninsured motorist coverage. You can call on this coverage in your auto insurance policy when you are not at fault for the accident and have sustained damages caused by another driver who has no insurance, or whose insurance limits are insufficient to cover your damages. You can also use your uninsured motorist coverage if you are the victim of a hit and run accident or if you are injured by a vehicle as a pedestrian. Uninsured motorist coverage and under-insured motorist coverage is the same thing in Louisiana, so if you have uninsured motorist coverage you also have under-insured motorist coverage. This type of coverage is abbreviated as “UM” or “UIM” insurance. Any claim made under this insurance is known as a nonfault claim.
Uninsured motorist coverage is relatively inexpensive compared to the cost of liability coverage. Although the cost of uninsured motorist coverage has been increasing like all other auto insurance rates in Louisiana, comparatively speaking, uninsured motorist coverage is worth the cost considering the rising number of individuals driving without insurance because they cannot afford to pay their premiums. When I say uninsured insurance coverage is relatively inexpensive, I will give you my own personal frame of reference. For my Louisiana auto liability coverage, I personally pay $817.00 per year in premiums. For my uninsured motorist coverage, I pay $157.70 per year in premiums. To see if you have uninsured motorist coverage, you should check the declarations page of your auto insurance policy which you can download online or which you can get from your insurance agent.