More Drivers Are Underinsured on the Nation’s Roads, According to New IRC Study
In 2022, more than one in seven drivers (15.7%) countrywide had insufficient coverage, according to a new Underinsured Motorists: 2017-2022 report by the Insurance Research Council (IRC), a division of The Institutes.
- In 2022, more than one in seven drivers (15.7%) countrywide had insufficient coverage, according to a new Underinsured Motorists: 2017-2022 report by the Insurance Research Council (IRC), a division of The Institutes.
- The estimated percentage of underinsured drivers countrywide was 15.7% in 2022, a 3.1 percentage point increase from 2017.
- In 2022, the estimated percentage of underinsured drivers ranged from 5.6% in the District of Columbia to a whopping 40.9% in Colorado.
- “Riskier behaviors like speeding and distracted driving, in combination with legal system abuse and economic inflation, all contribute to elevated UIM rates.”