Full coverage car insurance is an insurance policy that covers a wide range damages accidents including liability collision comprehensive coverage. While it provides more protection than minimum coverage it also comes with a higher cost.
The cost full coverage car insurance
varies depending on several factors including driver's age driving record type car they drive insurance company they choose. On average cost full coverage car insurance is around $1 500 per year but this can vary significantly based on these factors.
One most significant factors
affecting cost full coverage car insurance is driver's age. Young drivers especially those under age 25 often pay more for car insurance because they are considered a higher risk for accidents. In fact average cost full coverage car insurance for a 16-year-old driver is around $6 000 per year. However as drivers gain more experience reach their mid-twenties their insurance rates typically decrease.
Another factor
that affects cost full coverage car insurance is driver's driving record. If a driver has a history accidents or traffic violations they are considered a higher risk will likely pay more for car insurance. On other hand drivers with a clean driving record may qualify for discounts lower rates.
The type car a driver
has can also impact cost full coverage car insurance. Cars that are expensive repair or replace or those that are frequently stolen are generally more expensive insure. Additionally sports cars high-performance vehicles are often more expensive insure because they are considered riskier drive.
Finally insurance company
a driver chooses can also impact cost full coverage car insurance. Each insurance company has its own formula for determining rates so it's important shop around compare quotes from multiple insurers find best rate.
While full coverage
car insurance may come with a higher cost than minimum coverage it provides much more protection in event an accident or damage vehicle. It's important for drivers consider their individual circumstances budget when choosing right level coverage for their needs.
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