What is one financial consequence of being involved in an accident without insurance?

Being involved in an accident without insurance typically results in liability for damages to other parties involved in the incident. This means that if you are at fault in an accident, you are responsible for covering the costs associated with damages to the other person's vehicle, property, or medical expenses. This financial burden can be significant, as it may include costs that could have been covered by insurance.

For example, if the damage to the other party's vehicle amounts to thousands of dollars, you would need to pay that amount out of pocket. Additionally, if the other party incurs medical expenses due to injuries sustained in the accident, you could also be held responsible for those costs. This liability can create a severe financial strain and even lead to further legal actions if you are unable to meet the financial obligations for damages.

Other options do not accurately reflect the consequences of not having insurance. Free repairs for damages imply a lack of accountability, which is not the case without insurance coverage. An increased vehicle warranty does not apply as warranties are typically independent of accidents unless specified by the warranty provider. Legal immunity from lawsuits is misleading, as lacking insurance can often result in increased susceptibility to lawsuits rather than immunity.