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Auto insurance companies calculate rates based on risk, so if your license has been suspended and you need an SR-22 or FR-44 to obtain coverage, you will likely be classified as a high-risk driver ...
Legally, you probably do not need to buy auto insurance if you do not own a car. However, if you frequently rent cars or drive someone else’s car, it may be a good idea to buy a non-owner policy.
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Vehicle insurance in the United States (also known as car insurance or auto insurance) is designed to cover the risk of financial liability or the loss of a motor vehicle that the owner may face if their vehicle is involved in a collision that results in property or physical damage. Most states require a motor vehicle owner to carry some ...
In most cases, auto insurance stays with the car, not the driver. Bankrate explores. ... In that case, without full coverage, your own car’s damages would not be covered by the policy.
For example, the average cost of car insurance is $2,542 per year for a full coverage policy, but an 18-year-old driver on their own policy pays an average of $7,499 per year for the same coverage ...
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