4- Auto Insurance
There were 12.3 million car accidents in 2020, consistent with the National Highway Traffic Safety Administration. Associate in Nursing estimated 38,800 people died in car crashes in 2020 alone. the amount one explanation for death between the ages of 5 and 24 was auto accidents, consistent with 2020 CDC data. Over 6.7 million drivers and passengers were injured in 2020. The 2010 economic costs of auto accidents, including deaths and disabling injuries, were around $442 billion.
While not all states require drivers to possess auto insurance, most do have regulations regarding financial responsibility within the event of an accident. States that do require insurance conduct periodic random checks of drivers for proof of insurance. If you are doing not have coverage, the fines can vary by state and may range from the suspension of your license to points on your driving record, to fines from $500 to $1,000.
