United States Department of Transportation
i
Uninsured and Underinsured Motorists: Trends in Policy and Enforcement
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2004-06-01
[PDF-8.05 MB]
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TRIS Online Accession Number:0979957
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OCLC Number:56574577
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Abstract:The Insurance Research Council (IRC, an industry research group) estimated Arizona’s uninsured motorist rate at an average 16% for the years 1995 to 1997. The Arizona Department of Transportation (ADOT) puts the number today at half that figure. Depending on the number used, the economic costs of motor vehicle accidents involving uninsured motorists in Arizona in 2002 were an estimated $240.45 million to $480.89 million. Of equal concern, motorists with minimum motor vehicle liability insurance create, on average, an estimated $37,100 in economic costs for each person they injure who is incapacitated, plus an estimated $2,200 for each person they injure who is not incapacitated – after policy limits have been exhausted. In fact, if every Arizona driver were insured, but had just $15,000 per person bodily injury liability limits, injured accident victims would have a one in ten chance that over 70% of the economic costs of their injuries would not be covered by insurance. According to a 1994 study by the National Highway Traffic Safety Administration (NHTSA), an estimated 40.1% of the total economic costs of motor vehicle accidents in Arizona are passed on to the public and the state. Uninsured and underinsured motorists are major contributors to those costs. This report examines what states have done and what different interest groups have put forth to ensure the availability of compensation to accident victims.
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