why car insurance is so expensive

 Why is car insurance so expensive? For many drivers in New York, cheap car insurance is not a reality. In fact, it can be downright impossible to find good insurance at an affordable price. This is because auto insurance companies are well aware that people living in New York pay among the highest premiums in the nation.

 

Drivers living in New York pay on average five times more than the national average car insurance premium for drivers of similar vehicle ages. The national average premium for drivers under 25 years of age was just two hundred and twenty-one dollars per year. Drivers who were younger at the time of their accident had their premiums substantially higher. Drivers who were older at the time of their accident had their premiums much lower. This information clearly shows why your car insurance is so expensive.

 

Why is this? One reason why your premiums are so high is because drivers with better driving records don't get hit as often as those with lesser driving records. According to the National Highway Traffic Safety Administration, drivers with a clean record are three times less likely to be involved in a motor accident than those with a past driving history full of traffic violations and accidents. Another reason why your premiums are so high is because younger drivers statistically have more accidents than older more experienced drivers. Younger drivers have been proven to be more reckless and take more risks than older more experienced drivers.

 

Another important reason why car insurance is so expensive is because drivers are required to purchase comprehensive and collision insurance requirements before they are allowed to purchase a driver's license in New York. This type of insurance coverage is required in order to register your vehicle. Not all drivers can afford these insurance requirements and so many eventually drop out of the driver's license program when they do not possess the required insurance.

 

When you look at why car insurance is so expensive you must also consider why it is so expensive. The cost of auto insurance is so expensive is because drivers pay too much for coverage when they don't need to. Drivers need to decide if they want to pay less for coverage or pay more for more coverage. Drivers that pay less for coverage aren't necessarily safer drivers and don't drive as long as other drivers who pay more for their coverage.

 

There are many reasons why car insurance premiums are so high. Some drivers make poor choices when they are on the road. Some drivers are careless and don't follow all of the rules of the road. Some drivers add more items to their cars that increase their insurance premiums. There are many factors that contribute to why car insurance premiums are so high. These factors include: age, gender, driving record, type of vehicle, driving history, miles driven per year, credit history, and whether you have a bad or good driving record.

 

A good way to reduce the average cost of car insurance is to avoid driving recklessly and avoid accidents or citations. When you are involved in an accident you will be responsible for paying all of the damage costs. If your car is damaged you will need to repair it and this will cost money. If no-fault insurance is purchased you will also be responsible for these costs.

 

When you purchase insurance you should have as much coverage as you legally can. If you purchase insurance that does not cover you for an accident you will not be covered for any medical bills that occur due to an accident. If you have uninsured motorists coverage you will only be covered for injuries to other drivers that occur in a collision with you. The more coverage you have the less expensive your premiums will be.