Car insurance hits a record high

Second-and we hate to give you more bad news-there’s a chance that even if you weren’t injured at the scene, you may feel some pain in your pocket the next time your car insurance is up for renewal. That’s because car insurance companies often raise premiums for drivers who have recently been in an accident.

The number of previous speeding tickets and accidents you have on your record. If this is your first speeding ticket, you can count on your car insurance rates increasing by as much as 20 to 40 percent. While subsequent tickets may not result in as large a discount as the first, too many speeding tickets could get you labeled as a high risk driver. That label alone will cause your car insurance rates to soar.

Policyholders who want to save money on car insurance should insure family cars that have high safety ratings. model in order to save money. driving record. The driving record of a policyholder.

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Liability insurance does not cover damage to your auto. Coverage for damage to your car is paid under the comprehensive and collision portions of the policy that are absent from a liability only policy. If your car is damaged in an accident and you only have liability coverage, you will have to pay out-of-pocket for car repairs.

Car insurance premiums are expected to hit a record high in 2018 with average prices expected to reach 900. Currently drivers are paying 827 on average, according to Confused.com’s latest car insurance price index (Q4 2017), powered by Willis Towers Watson, which is an increase of eight per cent since 2016 – around 60 more.

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 · 1 Responses to "10 horrible decisions that will mess up your car insurance" suzi yarin 12, Aug, 2018 If we sell our old car to our college student daughter, and keep her on our insurance, are we liable in the event she gets into an accident?

Car insurance premiums hit a Record High The Association of British Insurers (ABI) has confirmed that average car insurance premiums in June hit a record high with the average motor insurance premium of 484 being some 11% higher than premiums for June 2016, the fastest one year increase ever recorded.