Why Is My Car Insurance So High?
Insurance premiums are a necessary expense for every car owner. Nearly every state requires its drivers to have some form of insurance, typically a minimum of liability coverage. It serves to protect every traffic participant from property damage and aid in paying for medical treatment in the unfortunate event of an accident.
Without insurance, drivers would be at constant risk of a substantial financial loss, and even worse, inability to get adequate health treatment. It is not difficult to see why we need to pay for insurance, but there are many misunderstandings around how premiums are calculated.
Let’s explore some of the reasons your car insurance rates may be high and discuss ways to lower them.