How Much Does Car Insurance Cost?
People like to drive. We like our cars, travel on open roads, just drive somewhere. What we don't like is car insurance, but car insurance is a necessity for owning a car. In the event of an accident, you must have it. This is legally required, and if you are caught without it, you can receive a lot of fines.
So what is the car insurance fee? There are many factors that affect car insurance premiums. You can get cheaper car insurance at some insurance providers, but the deductible (if you have something in the car, you have to pay) may be even higher. If you want to know what the car insurance costs are, you need to answer the following questions.
where do you live?
Location may be a factor in determining car insurance costs. For example, premiums in some parts of the United States are higher than in other regions, which means higher monthly payments. In general, urban areas such as cities with high traffic congestion are higher than those with less traffic.
How old are you?
Age is very important when determining the price of auto insurance. As a basic rule of thumb, the younger you are, the higher your car insurance. The reason is that young drivers do not have enough experience behind the wheels. The age between 30 and 60 is the driver's best insurance rate. After the age of 60, your insurance may start to rise again. When determining the rate, the provider calculates factors such as slow response and poor vision.
What type of car is it?
This is a very important factor. The bright red sports car with a 300 hp engine does not mean slow driving. Insurance providers will find that sports cars will travel at higher speeds, increasing the risk of accidents. Moreover, the more expensive the car, the higher the insurance rate. In the event of an accident, expensive cars will require more maintenance costs. If you are driving a compact car cheaply, you may get a better price.
How do you drive?
The insurance company will consider how often you drive. If you drive to work for a long time every day, your insurance rate will be higher than the insurance rate you parked most of the train. If you are not using your car very much, your price will be a little cheaper.
Have you had any previous accidents?
This is a bit like a driving rate for driving resumes. If you are a driver who has not participated in any accidents and has a clear driving record, you will receive a preferential price because the insurance company believes that your risk is small. If you have already started to attack again and again, you will be considered a higher risk and your rate will be higher.
What is the average insurance price?
So, after all these considerations, what is the cost of auto insurance? Then, the average American driver can pay a car insurance premium of $120 to $300 a month. This price ranges from $1,440 per year to $3,600 per year. You can always look for the best deals anywhere, even from comprehensive insurance to insurance liability insurance (but only if your car is paid).