Why is car insurance so expensive?

+1 vote
asked Nov 29, 2020 in Insurance/Registration by slepmebeagle (860 points)
Why is car insurance so expensive?

2 Answers

0 votes
answered Nov 29, 2020 by Prissy1234 (1,750 points)
Car insurance is expensive because the auto insurance company has to pay out for lawsuits, medical bills, car replacements etc in the event of an accident.

Also driving records and traffic tickets as well as your age, vehicle make and model and gender as well as your credit score also factor into the cost of your auto insurance costs.

Your car insurance or auto insurance premium could be expensive because of recent claims or driving violations. Speeding tickets, at-fault accidents, and DUIs have major implications on insurance premiums.

After any violation or claim, an auto insurer will upcharge a driver for three to five years.

Car insurance for an 18 year old male paid monthly is between $100.00 to $300.00 per month.

The cost for the car insurance can vary from location to location and your driving record, make and model of car etc all factor into the car insurance cost per month.

Also if you can bundle the car insurance with renters insurance or homeowners insurance or your parents insurance you may be able to get half off of the car insurance cost.

Car insurance for an 18 year old can range from $100.00 per month to as much as $300.00 per month depending on the make and model of vehicle and whether or not you need full coverage or just liability insurance.

Also for males the insurance rates are usually a bit higher than female car insurance in some places.

The cost of car insurance for an 18 year old new driver can vary from insurance company to insurance company and from location to location.

Your car insurance rates are also determined by your gender, credit score and the type of vehicle and value of that vehicle.

If you're a new driver and are paying for car insurance on your own you can usually expect as a female to pay at least $100.00 or more per month for the car insurance.

A male can also usually be expected to pay at least $100.00 per month on car insurance and as you get older and get more experience behind the wheel and are accident free you might be able to only pay $25.00 to $50.00 per month on your car insurance.

Some states are also much higher when it comes to the cost of car insurance for anyone.

The lower value of the car and whether or not you need to have full coverage insurance on the car also factors into the cost of your car insurance.

You can get quotes online for car insurance which are free car insurance quotes.
0 votes
answered Dec 17, 2020 by Uters12 (3,620 points)

Hello, because this is related to your life. There are simply people who save on this, but this is wrong. There are also people who buy cars and completely trust the seller, but this is wrong, you can be deceived. I always use the free history report from https://epicvin.com/ . That way I can be calm and buy a nice car. Good luck to everyone, buy only high-quality auto insurance and cars.

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