What does UM mean in insurance?

Question

Uninsured motorist coverage works a lot like liability insurance, but it covers the policyholder rather than other drivers. Uninsured motorist (UM) insurance replaces the liability coverage an uninsured driver should’ve had, covering property damage and bodily injury expenses they cause the policyholder to incur. If the driver does have insurance but it doesn’t cover all of your medical and vehicle repair costs, underinsured motorist (UIM) insurance can fill in the gaps.… read full answer

Key Things to Know About Uninsured Motorist Insurance

Uninsured motorist insurance is comprised of both uninsured motorist bodily injury coverage and uninsured motorist property damage.

You can use UM when you’re not at fault for the accident.

In most states, you can use UM if you’re the victim of a hit and run.

Uninsured motorist insurance costs around $50 to $75 per year.

Some states only require drivers to have uninsured motorist coverage, though 14 states require drivers to supplement that with underinsured motorist insurance.

UIM can be used if the at-fault driver doesn’t have enough liability insurance to pay for your injuries or property damage.

Uninsured Motorist Insurance Requirements by State

State	Requirements
California	Drivers can opt-out in writing
Texas	Drivers can opt-out in writing
Florida	Drivers can opt-out in writing
New York	Bodily injury coverage of at least $25,000 per person, $50,000 per accident
Pennsylvania	Drivers can opt-out in writing
Illinois	Bodily injury coverage of at least $25,000 per person, $50,000 per accident
Ohio	Drivers can choose to add coverage
Georgia	Drivers can opt-out in writing
North Carolina	Bodily injury coverage of at least $30,000 per person, $60,000 per accident Property damage coverage of at least $25,000 per accident
Michigan	Drivers can opt-out in writing

To learn more, check out WalletHub’s guide to uninsured motorist coverage.

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Answer 1 · 2022-01-25 11:52:02

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McKayla Girardin, Car Insurance Writer

@mckayla_girardin • 01/25/22 This answer was first published on 01/25/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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UM in insurance means uninsured motorist coverage, which is a type of car insurance that pays for your property damage and medical expenses after an accident caused by an uninsured driver. Uninsured motorist coverage replaces the liability insurance that the at-fault driver should have had in the first place.

Uninsured motorist coverage is required in 20 states and the District of Columbia, but it is available in every state as an optional type of coverage. Even if it is not required in your state, it is still a good thing to have, since millions of Americans drive without insurance every year and UM coverage usually costs just $50 to $75 per year.

To learn more, check out WalletHub’s guide to uninsured motorist insurance.

What does UM mean in insurance?

McKayla Girardin, Car Insurance Writer

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