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Drivers with poor credit can expect to pay from $230 to nearly $550 more per year for car insurance when compared to those with fair or poor credit, according to a recent report, with even higher ...
More: Some auto lease deals give consumers a way to save $200 or so on monthly car payments More: Car buyers should pay attention to costly problems while new transparency rule is on pause ...
Surprisingly, senior drivers may pay higher rates than younger drivers. Learn 10 sensible ways to drive rates back down. 10 Ways Seniors Can Cut Their Auto Insurance Premiums
Different levels of coverage may protect consumers depending on which insurance policy they purchase. Coverage is sometimes seen as 20/40/15 or 100/300/100. The first two numbers seen are for medical coverage. In the 100/300 example, the policy will pay $100,000 per person up to $300,000 total for all people. The last number covers property damage.
3. Mechanical failure. When mechanical components fail due to normal wear and tear — whether it's a seized engine or failed transmission — your auto insurance won't pay for repairs.
Calculate your annual premium costs by adding up what you pay for comprehensive and collision coverage. (Don't include liability — that's required anyway). (Don't include liability — that's ...
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