Final answer:
Uninsured motorist coverage is indeed necessary due to the substantial number of uninsured drivers in the U.S. The Affordable Care Act, despite its efforts, has not completely resolved the issue of the uninsured, emphasizing the need for such coverage to protect against financial risks from accidents with these drivers.
Step-by-step explanation:
Given the large number of uninsured drivers, it is indeed true that uninsured motorist coverage is needed. Despite efforts like the Affordable Care Act to reduce the number of uninsured Americans, there still remains a significant number of individuals without insurance, which includes young adults and children. With approximately 36-40 million Americans uninsured after the implementation of the ACA, and numbers rising to 31 million in 2020, uninsured motorist coverage becomes a necessity to protect insured drivers financially in the event of an accident with an uninsured party.
Considering these statistics, and the fact that motor vehicle accidents are a common cause of injury and death, especially among teens, the likelihood of being involved in an accident with an uninsured driver is significant. For example, with motor vehicle injuries being a significant risk for teens, the need for insurance coverage is heightened to manage potential medical and repair costs. Insurance companies collect premiums from drivers to cover these risks, illustrating the important role insurance plays in managing and mitigating the financial consequences of accidents.