Best Cheap Uninsured Motorist Coverage (UM) Car Insurance Company (2021)
The best uninsured motorist (UM) coverage car insurance companies include some of the top car insurance companies in the U.S. Uninsured motorist (UM) car insurance rates are affordable, between $50 and $75 per year. It may be beneficial to buy uninsured motorist (UM) auto insurance if you live in a state with a high percentage of uninsured drivers.
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UPDATED: Aug 31, 2021
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- Uninsured motorist (UM) car insurance provides coverage for injuries and damage from an accident caused by another person without insurance
- You may have to pay between $50 and $75 per year for an uninsured motorist policy
- Many states require residents to have a certain amount of uninsured motorist coverage
- You can buy uninsured motorist (UM) car insurance from many major car insurance companies
Even though most states require their residents to purchase car insurance, many drivers don’t meet the liability requirements. If you’re in an accident caused by one of these drivers, they may not be able to pay for your injuries or property damage.
Uninsured motorist (UM) car insurance may be able to help in these situations. Read below to learn about how uninsured motorist (UM) coverage works, the best uninsured motorist (UM) car insurance companies, and more.
Enter your ZIP code into our free quote comparison tool above to find an uninsured motorist (UM) car insurance company in your area.
How much are uninsured motorist car insurance rates?
If you compare uninsured motorist coverage vs. regular liability insurance or uninsured motorist coverage vs. collision coverage, uninsured motorist (UM) car insurance rates are drastically more affordable.
However, this type of coverage is typically added to another type of insurance rather than purchased alone.
When adding it to your existing car insurance policy, you may pay around $50 to $75 per year for uninsured motorist insurance. However, these rates may be a little higher in states that have more uninsured or underinsured drivers, since your risk is higher.
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What is uninsured motorist (UM) coverage car insurance?
Uninsured motorist (UM) car insurance is a type of coverage that will reduce out-of-pocket expenses if you’re in an accident with someone who doesn’t have liability insurance or whose insurance company refuses to pay for your injuries or damage to your property.
Uninsured motorist (UM) insurance may cover your medical bills, lost wages, pain and suffering, and funeral expenses. In some states, it may also cover car damage.
Some states may also allow an uninsured motorist (UM) policy to cover damage from a hit-and-run accident.
How much uninsured motorist coverage do I need?
The amount of uninsured motorist coverage that you need will depend on your state’s requirements and your personal preference. Many states require that you have a certain amount of uninsured motorist coverage.
|State||Is uninsured motorist coverage required?||Requirements|
|Alabama||No||Must opt-out in writing|
|Alaska||No||Must opt-out in writing|
|Arizona||No||Must opt-out in writing|
|Arkansas||No||Must opt-out in writing|
|California||No||Must opt-out in writing|
|Colorado||No||Must opt-out in writing|
|Delaware||No||Must opt-out in writing|
|Florida||No||Must opt-out in writing|
|Georgia||No||Must opt-out in writing|
|Hawaii||No||Must opt-out in writing|
|Idaho||No||Must opt-out in writing|
|Indiana||No||Must opt-out in writing|
|Iowa||No||Must opt-out in writing|
|Kentucky||No||Must opt-out in writing|
|Louisiana||No||Must opt-out in writing|
|Michigan||No||Must opt-out in writing|
|Mississippi||No||Must opt-out in writing|
|Montana||No||Must opt-out in writing|
|Nevada||No||Must opt-out in writing|
|New Hampshire||Yes, if you purchase insurance||25/50 BI|
|New Jersey||No||Can choose to add coverage|
|New Mexico||No||Must opt-out in writing|
|New York||Yes||25/50 BI|
|North Carolina||Yes||30/60 BI
|North Dakota||Yes||25/50 BI|
|Ohio||No||Can choose to add coverage|
|Oklahoma||No||Must opt-out in writing|
|Pennsylvania||No||Must opt-out in writing|
|Rhode Island||No||Must opt-out in writing|
|South Carolina||Yes||25/50 BI
|South Dakota||Yes||25/50 BI|
|Tennessee||No||Must opt-out in writing|
|Texas||No||Must opt-out in writing|
|Utah||No||Must opt-out in writing|
|Virginia||Yes, if you purchase insurance||25/50 BI
|Washington||No||Must opt-out in writing|
|West Virginia||Yes||25/50 BI
|Wyoming||No||Must opt-out in writing|
When uninsured motorist coverage is expressed as 25/50, this means that you have $25,000 maximum coverage for injuries for one person and $50,000 maximum coverage for injuries for one accident.
If your state requires uninsured motorist insurance, you need to get at least the minimum coverage amount.
However, since it is a very affordable type of coverage, increasing the coverage amount may be beneficial if you live in a high-risk state.
What are the best uninsured motorist (UM) coverage car insurance companies?
Many major car insurance companies provide uninsured or underinsured motorist coverage. Below is a list of the top 10 car insurance companies by market share:
|Companies||A.M. Best Rating||Direct Premiums Writen||Market Share||Loss Ratio|
|Allstate||A+ (Superior)||$22.7 billion||9.19%||56%|
|American Family||A (Excellent)||$4.7 billion||1.90%||69%|
|Farmers||A (Excellent)||$10.5 billion||4.26%||61%|
|Geico||A++ (Superior)||$33.1 billion||13.41%||71%|
|Liberty Mutual||A (Excellent)||$11.8 billion||4.77%||62%|
|Nationwide||A+ (Superior)||$6.7 billion||2.73%||58%|
|Progressive||A+ (Superior)||$27.1 billion||10.97%||62%|
|State Farm||A++ (Superior)||$41.9 billion||17.01%||63%|
|Travelers||A++ (Superior)||$4.7 billion||1.90%||60%|
|USAA (Military Personnel & Family Members)||A++ (Superior)||$14.5 billion||5.87%||77%|
These companies are likely to offer the car insurance policies that you need, including uninsured motorist coverage. To determine which one is best for you, compare their rates and customer satisfaction ratings.
Should I buy uninsured motorist (UM) car insurance?
Uninsured motorist (UM) car insurance is affordable compared to other insurance policies, so if you can afford to pay a few extra dollars a month, it may be beneficial.
If you live in a state that has a high percentage of uninsured or underinsured drivers, it is especially a good idea to buy uninsured motorist car insurance. Below is a list of states and their percentages of uninsured drivers:
Do I need uninsured motorist coverage if I have Medicare? This depends on the coverage you get from your health insurance.
If you have health insurance with a high deductible that you would have to pay out-of-pocket expenses with, an uninsured motorist policy might be a good idea so you don’t end up with huge medical bills after an accident.
With all of that being said, getting uninsured motorist property damage coverage may not be as useful as bodily injury coverage, because many other types of insurance can cover property damage.
If you need help finding affordable uninsured motorist (UM) car insurance quotes, enter your ZIP code into our free quote comparison tool below.