Get Arizona Car Insurance Now Or Pay The Price | Finance Articles

by Ed Henderson

While state laws differ on the types and amount of insurance a driver must have to drive in the state, Arizona requires that you have car insurance in AZ to legally drive a vehicle. Some states will allow you to provide a bond instead of purchasing car insurance, but you must prove financial responsibility.

If you are pulled over by the police and do not have car insurance in some states, the police can confiscate the license plates to your car and your registration can be canceled. You can be fined in other states and be required to show the court that you now have insurance. If you must have insurance after being stopped without insurance, it may cost you more.

Canceled registrations and fines are the least of your worries if you are involved in an accident without insurance. The cost is going to be much more.

Some states have laws that place financial responsibility of an accident on the driver without insurance. Even without those laws you could be financially responsible if you are at fault in the accident. Medical and property losses can be very large in even a small accident when you are paying out of pocket.

First you could lose your own vehicle in the accident. Then you could have to pay for replacement of the other vehicle or vehicles involved in the accident. Since new vehicles can cost over twenty thousand dollars each, these expenses can quickly add up.

If there is an accident you may also be responsible for medical expenses of everyone in the accident. A trip to the emergency room can cost three thousand dollars, intensive care can cost three thousand dollars a day and any surgeries will continue to add to the bill. One person spending a week in the hospital can easily rack up a thirty thousand dollar bill. Multiple persons in the hospital could put you over one hundred thousand dollars in debt.

Everyone likes to think that they are a safe driver and will not get into an accident. The problem is that even the most defensive drivers are sometimes involved in an accident. It only takes a second of your eyes being off the road and you can have a major financial responsibility.

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