According to the most recent data available, about 13 percent, or 1 in 8, of all motorists on the highways are driving around without insurance, even though it is against the law to do so. While this is a slight increase over the previous time these numbers were checked in 2010, the figure is still below the 14.9 percent high water mark from the early 2000s.
When breaking down this statistic state-by-state, Kentucky does not fare too badly what it comes to the number of uninsured motorists on its roads. The study estimates Kentucky falls in the middle of the states, with a little over 1 in 10 of this state's motorists driving without insurance.
Still, what this means is that there is a substantial possibility that an innocent Louisville resident may get hurt in a car accident by a negligent driver and discover that the driver does not have insurance or other means to pay compensation. Moreover, even if the driver technically does have insurance, it may not be enough to cover all of the victim's bills and losses.
Assuming the appropriate coverages were purchased, a victim may in these circumstances have to turn to his or her own insurance company in order to get compensation that he or she will likely need to move on with life. While one hopes otherwise, doing so can be a very frustrating experience, as insurance companies may improperly deny or grossly undervalue a victim's claim.
Fortunately, when this happens, a Louisville resident has the option of pursuing a bad faith insurance claim against his or her insurance carrier. In addition to this option being another means of getting compensation, even beyond one's policy limits, these sorts of claims also serve to hold insurance companies accountable when they do not follow through on their agreements.