Aside from the obvious legal and financial risks of driving without insurance, if you’ve let your coverage lapse many insurers in most states will require you to pay an initial 25% to 50% surcharge* for a new policy. And you’ll have to pay a higher premium, too. Insurance companies will charge you more because, statistically speaking, uninsured drivers are disproportionately involved in fatal accidents. You could find yourself paying up 25% more for your insurance.

But that’s not all. Penalties for failing to maintain proper insurance vary by state, but letting it lapse could lead to the suspension of your vehicle registration and being required to return your license plate to the DMV until your coverage is reinstated. Your vehicle could even be impounded, and you may be subject to substantial fines and fees that can accrue every day your vehicle goes uninsured.

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