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Why is car insurance so high in USA?

Best Answers

There are couple of reasons, why car insurance premiums are so high. Non-payment of your bills or failure to provide the insurer with requested information can result in cancellation. And, in addition to fines from your local Motor Vehicles, your premium may rise, as you’re seen as unreliable and a future risk. read more

The US is home to some of the highest car insurance rates in the world. According to The Zebra, the average yearly cost of car insurance in America as of 2018 is just over $1427. Premiums vary by location, as they are dependent on the frequency and number of car accidents in a given area. read more

The cost of car insurance is high for the simple reason that the cost of claims is high. Insurers therefore increase premiums to protect their coffers – and many of them say that they make little or no profit out of motor insurance business. read more

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