A car simplifies your movements because you don’t have to wait for the bus or the taxi if you want to go somewhere. However, with the added cost of insurance, you will be personally liable in the event of an accident without auto insurance. So, ensure that you have car insurance if you have a car to drive with ease.
While getting auto insurance, you must ask your insurance agent about the different ways to save on your insurance coverage. However, ensure that you do not save too much to the extent that you leave yourself vulnerable or underinsured.
Because you will not have saved at the end of the day; instead, you will spend more in case of an accident. Before we discuss the various ways you can save money on your car insurance, you must understand the cost of car insurance.
How Much Does Car Insurance Cost
Various factors influence the cost of car insurance, including the state you reside in, the driver, the insurance company, and the type of insurance coverage you settle on. However, if you want to save money, knowing the typical amount a driver pays is essential. Unfortunately, the cost of auto insurance is increasing due to economic changes.
A survey conducted by AAA found that in 2020, the average driver paid a total of $1,202 for auto insurance. This is a significant increase from $1,190 paid in 2018. Therefore, as you budget for your auto insurance, keep in mind that the cost increases as the years and the economy changes.