A new study from Insurance Research Council says the numbers of drivers opting to operate without auto insurance may spike as the economy worsens.
According to the study, which used data collected from nine insurers representing roughly 50% of the U.S. auto insurance market—approximately one in six drivers across the United States—may be driving uninsured by 2010. This projected upswing will reverse a trend, as the percentage of uninsured motorists decreased nationally from 14.9% in 2003 to 13.8% in 2007.
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