The economic downturn may push the uninsured driver rate up over 16 percent by 2010, according to a new Insurance Research Council study.
If the rate should climb above that point it would be the highest uninsured driver rate since IRC began tracking such data 20 years ago, said David Corum, an IRC spokesman. The previous high was exactly 16 percent in 1993, he related.
The study, “Uninsured Motorists, 2008 Edition,” noted that the estimated percentage of uninsured motorists nationally decreased from 14.9 percent in 2003 to 13.8 percent in 2007. But it added that the economic downturn “is expected to trigger a sharp rise in the uninsured motorist rate.”
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