Did you know that approximately 16% of drivers in the United States are currently uninsured? Most states, with some small exceptions, make it law that all drivers, regardless of age or means, have auto insurance. Why? Quite simply, if you get into an accident you need to be able to pay for the damages done to others’ property and persons. Further, you need to be able to help yourself. When you consider the costs of medical and repair bills, you will be glad to get auto insurance.
Just like anything else, car insurance prices vary greatly depending on a plethora of factors. Some of these factors are arbitrary where others tend to make a lot of sense. Most commonly, your age, where you live, and the type of car you drive will impact your car insurance estimates.
In the United States, drivers who are 16 to 19 years old are three times more likely to get a speeding ticket than any other group. Further, they are far more likely to cause a car accident. In fact, 28% of auto-related fatalities are caused by drivers under the age of 25 in the United States. Young men are especially known for reckless, dangerous driving that results in dire consequences for themselves and others. Subsequently, if you are a young driver looking for a cheap auto insurance quote or you are a parent looking to insure a child, you are likely to find relatively expensive auto insurance rate quotes.
Where you live in the United States is also likely to have an impact on the price tag of your auto insurance rate quotes. Michigan, Louisiana, Kentucky, West Virginia, and Mississippi are known to have the most expensive car insurance rates in the country. Alternatively, Maine, Iowa, Wisconsin, Idaho, and North Carolina are known to have the most affordable auto insurance quotes, according to Forbes.
Lastly, the type of car you drive has a huge impact on the amount of money you are going to have to put into your insurance. In fact, insuring a used vehicle in the United States can cost 50% less than insuring a new vehicle. The age of the vehicle is not the only consideration, however. Sports cars, red or black in color, are also known to cause higher insurance rates. Why? People driving those types of cars are statistically more likely to get into accidents and get speeding tickets.
Auto insurance can be an expensive service to use, but it is one that is absolutely necessary. Keep these facts in mind when looking for auto insurance rate quotes. Doing so can help you be more prepared for the financial realities of owning a car. Check out this site for more: New orleans auto insurance