Alicia Nelson-Bell, Former Finance Intern Why pay for something you may not use? It’s a pretty good question to ask yourself in most instances when it comes to money management. This is also a question that many people ask about insurance at some point in their life. In 2020 there were over 50,000 auto accidents reported to the Utah Department of Public Safety. For those who either feel they can’t afford auto insurance or those who choose not to have insurance so that they can save a little money on a monthly basis, they end up paying out pretty big when accidents happen or even when they get pulled over. So, is the small monthly savings worth the big bills that come when an accident happens? We’re going to go over some of the costs associated with not having auto insurance in Utah.
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