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One of the lesser discussed fees of car ownership is auto insurance, which is mandatory in almost every state. These fees can really dig a hole in your budget and are more cumbersome than ever as...
The insurance company will not pay more than $25,000 for property damage in repairs to the vehicle that the insured one hit. In the state of Indiana, the minimum liability limits are $25,000/$50,000/$10,000, [7] so there is a greater property damage exposure for only carrying the minimum limits.
According to Quadrant Information Services, the average annual rate for a full coverage policy went up 26 percent from 2023 to 2024, with the current average cost of car insurance sitting at ...
This question is especially relevant now: Replacement costs for insurance companies have soared at nearly three times the rate of general inflation since 2020, according to the Insurance ...
Insurance carriers commonly consider anything over 18,000 per year high mileage use, which can drastically increase the rate of your car insurance. The national average car insurance rate is ...
From 2020 to 2022, the average cost of a new vehicle increased by 19% and repair costs increased by a similar percentage, so it makes sense that this would be factored into insurance prices.
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