Buying a car is an exciting occasion, but it’s also a big investment. And like any other big investment, you want to make sure you have the right protection in place. That means getting car insurance. But which type of car insurance should you get? Should you get collision or comprehensive? Or do you need both? In this article, we will help you figure out what type of insurance is right for you and help you shop for the best rates. We’ll also give you tips on how to protect yourself if something goes wrong while driving your new car.
What Is The Average Cost Of Car Insurance?
The average cost of car insurance varies depending on a variety of factors, including your driving record and the make and model of your vehicle. In general, though, you can expect to pay anywhere from $100 to $300 per year for comprehensive coverage. For liability only insurance, the average price is around $50.
What Factors Affect The Price Of Car Insurance?
There are a few things that can affect the price of car insurance. The state you live in, your age, and the make and model of your vehicle all play a role. Some states have laws that require drivers to have insurance, even if they never plan on driving their car on the road. The type of coverage you need also affects the price. Car insurance for young drivers, for example, is often more expensive than insurance for older drivers.
Are There Any Exceptions To The Rule That I Need Car Insurance?
If you are under the age of 25, you do not need car insurance. You are considered a “minor” and your parents or guardians are responsible for getting you car insurance. If you are over the age of 25, your driving record will be looked at to see if you meet the requirements for state licensing. If you do not have a valid driver’s license and live in a state that does not require car insurance, then you can get uninsured motorist coverage through your credit card or other personal protection policy.
Conclusion
Buying a car can be a huge investment, and it’s important to do your research before you make the decision. One of the things you should definitely consider is whether or not you need car insurance. The truth is that there are a variety of factors that can affect your chances of getting into an accident, such as how good your driving record is, where you live, and the type of car you’re buying. If you don’t have car insurance yet, now might be a good time to start shopping around for policies that meet your needs.
