Auto Insurance Must Change

Rocky Mountain lawmakers say that the time has come where they must change their auto insurance system, but consumers will not be very happy about it. They say that the new changes will cost consumers more money than they are paying now for auto insurance, but if they don’t change the system they will end up with major medical problems.

They say that the new bill, Senate Bill 193, will make all motorists increase their coverage – if they don’t have it already – to include a minimum of $25,000 in health benefits and $25,000 in rehabilitation. They say that the medical providers are currently losing money because of the way the old system is set up. They are currently working under a three-year old tort auto insurance system that just is not working.

The old PIP (Personal Injury Protection) laws say that the auto insurance will cover anyone hurt in the auto accident, no matter who caused the accident. Each insured’s auto insurance would pay for their bills. But now that it is no longer required to carry on auto insurance policies, many are opting not to have it because it saves them money. But medical providers and trauma care workers are waiting for payments because either someone was uninsured or they are fighting with the other auto insurance company.

Critics say that the problem with the bill is that many people have health insurance, and if they are injured in an auto related accident it will cover them. They say that by trying to make the underinsured pay for coverage, they are penalizing those that already have health insurance.
 

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