How much does car insurance cost?
The national average cost for car insurance is $1,601 per year, according to a Forbes Advisor analysis. This rate is for full coverage car insurance, which includes optional coverage that covers theft and damage to your own vehicle.. There’s no standard definition of full coverage car insurance, it generally includes:
Why is the premium rate of a car insurance policy increasing?
This becomes one of the major reasons behind the increment in the premium rate of a car insurance policy. Under a Pay as you Drive or Pay as you Go car insurance, the insurer charges a premium as per the kilometres driven by the you, which is fixed at the time of policy purchase.
What is pay as you drive car insurance?
Under a Pay as you Drive or Pay as you Go car insurance, the insurer charges a premium as per the kilometres driven by the you, which is fixed at the time of policy purchase. However, the policy coverage and benefits still remain the same as a comprehensive car insurance policy.