7 Things That Increase Your Car Insurance Rate
How are rates determined by vehicle insurers? Using data from online research, Cheap Insurance identified seven variables that affect auto insurance.
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The knowledge that their damages will be covered in the event of a car accident and that someone will be there to assist them in the aftermath gives drivers peace of mind. However, there is a cost to having peace of mind: According to U.S. News & World Report, American drivers will pay an average of $1,553 for car insurance annually by the year 2022. Let’s look at page 2 for the first thing that affects the insurance rate.