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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.
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.
You hope you'll never need to use it, but car insurance is required in almost every state. New Hampshire is the only exception to this rule, but drivers who opt out of coverage are required to ...
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 ...
According to Motley Fool Money research, the average cost of car ownership was $12,078 in 2023. Just 10 years earlier, in 2013, car ownership only cost $8,467. That means the cost of owning a car ...
Relentlessly rising auto insurance rates are squeezing car owners and stoking inflation. Auto insurance rates rose 2.6% in March and are up 22% from a year ago. Premium costs have been marching ...
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