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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 ...
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 ...
Average car insurance rates increased 26 percent from 2023 to 2024. ... with the current average cost of car insurance sitting at $2,543 per year. ... Massachusetts and Michigan.
The goal of the no-fault changes was to lower premiums for drivers and, thus, make car insurance more affordable. However, Michigan’s average annual auto insurance rates are still the highest in the country - and Detroit has the highest rates of any city in the U.S. [13] Additionally, Michigan's no-fault reforms reduced compensation to some ...
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