Q: Is auto insurance mandatory?
A: yes. Auto insurance is legally required in most states of the US. Moreover, not carrying sufficient auto insurance coverage typically leads to a fine, license suspension or even time in custody, depending on state legislation. In certain states you won't be able to register the vehicle in the first place without providing an effective auto insurance policy.
Q: Why is my teen seen charged with high rates?
A: Teen drivers are considered to be a high risk group for the insurance providers as it's statistically proven than young people tend to get into serious accidents far more often than older adults. That's why teens are usually charged with high rates, even if they are good and safe drivers.
Q: Why is my sports car so expensive to insure?
A: Sports and performance vehicles have higher power and top speed than ordinary cars. Owners of such vehicles tend to be more risk-taking and end up in more accidents than owners of simple family sedans. That's why auto insurance companies charge more to insure most sports cars.
Q: Will the paint on my car influence the rates?
A: No. It's a common myth connected to auto insurance but there's no real information on the link between the color of the car and the rates you will pay. What really matters is the type of vehicle, engine power and volume, top speed and safety features of your car.
Q: How can I make my auto insurance cheaper?
A: First of all buy a car that is cheap to insure. Don't go with sports, performance and luxury vehicles or SUVs. Get a mid sized car with good safety features. Some used cars are even cheaper to insure. Just ask your insurance agent about particular car makes and models in order to see which is cheaper to insure.
Be a good driver. Keeping your driving record clean from traffic violations and accidents is the best way to keep the rates low. After having no entries in the record for a long period of time you may also opt for a special discount. Remember that every insurance claim will raise your rates for sure.
Increase your deductible. By raising your deductible you will automatically lower your rates. But make sure to keep it within reasonable limits because setting the deductible too high will cost you a lot in out of pocket expenses in case of an accident.
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