Is Uninsured/Underinsured Motorist Coverage required by law?

Uninsured/Underinsured Motorist Coverage is not universally required by law; it varies by state. In some regions, insurance laws mandate that drivers carry a minimum level of this coverage to protect themselves in the event of an accident involving a driver who lacks insurance or has insufficient coverage. This form of insurance serves as a safety net, ensuring that individuals have financial protection for medical expenses and damages caused by an at-fault driver who cannot cover the costs.

In states where this coverage is required, it typically aims to provide drivers with peace of mind and financial security, reinforcing the notion that all drivers should have a means to compensate others for damages or injuries they may incur on the road. In contrast, other states may allow drivers to opt-out of this coverage, making it optional rather than compulsory. Therefore, the answer to the question of whether it is required by law depends significantly on local regulations and the specifics of the insurance laws in each state.