Car Insurance Facts And Figures

Let’s face it: car insurance is a tricky business. It is complicated and confusing, with the added pressure of being expensive no matter where you reside in America. Most people in the United States have expressed their frustration with car insurance and how it seems complicated to understand and explain. The underlying factors and variables which affect auto insurance are not being explained properly by insurers. This makes it worse for the policyholder to make a decision about how to tackle the complexity of auto insurance.

To help those who want to understand a little better, we will bring light to some of the facts and figures surrounding car insurance. Hopefully, this will bring light to some of the key issues that have surrounded and misguided people over the years.

FACTS

All states in the United States require drivers to carry car insurance with them. There is no state in which a driver can drive without car insurance.

Car insurance may not cover the theft of items from inside the auto. This clause varies from insurance to insurance and therefore must be discussed with the insurer’s agent.

3. Top five most expensive states in regard with Car Insurance Texas in United States are as following:

Michigan

Louisiana

Kentucky

West Virginia

Mississippi

4. Top five least expensive states in the United States are as following:

Massachusetts

North Carolina

Hawaii

Alaska

Oregon

16 – 19 year old drivers have three times more speeding violations than people of other ages in United States.

The color of your car has NO impact on the amount of car insurance. It has no effect in increasing or decreasing the premium of your insurance.

Detroit is the costliest city for auto insurance. Second in line is New Orleans.

Winston-Salem (North Carolina) is the least expensive city when it comes to car insurance. The second in line is Greensboro (North Carolina).

FIGURES

28% of all fatalities are younger than 25 years old.

On average a driver will have an accident claim once every 18 years.

Auto premiums have been seen to go down substantially after a driver turns 25.

16% of drivers are uninsured at any given time in the United States.

Lowest average loss per claim has remained for SUVs ($3800). Trucks have the highest average loss per claim ($4400).

16% of people do not use seatbelts.

78% of insured drivers purchase comprehensive coverage in addition to liability insurance, and 72% buy collision coverage.

In 2015 the average collision claim was $3,350; the average comprehensive claim was $1,671.

In 2015 the average auto liability claim for property damage was $3,493; the average auto liability claim for bodily injury was $17,024.

55 out of every 100,000 registered motorcycles were involved in a fatal crash, compared with only 9 out of 100,000 for passenger cars.

These facts and figures shed some light on the complexity and expenditure when it comes to auto insurance in United States. It is necessary for the policy holder to not only read their policy by themselves before signing on it but also discuss it with their independent agent to make sure how, where and in what situations are you covered.