Why is car insurance so high in the US?

Why is car insurance so high in the US?

The US is home to some of the highest car insurance rates in the world. According to The Zebra, the average yearly cost of car insurance in America as of 2018 is just over $1427. Premiums vary by location, as they are dependent on the frequency and number of car accidents in a given area. For example, Brooklyn, New York City is a busy, metropolitan area which causes it to be home to the second-highest car insurance rates in the country. Other uncontrollable factors include age, gender, and driving history which is more so related to the status of the driver.

Car Insurance
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The hefty cost of car insurance can leave you wondering if it’s worth it. At the end of the day, car insurance is a preventive measure that can save you money in the event of an accident. Unless you’re sure you have the financial capacity to cover the expenses of an accident at any given moment, having the safety net of insurance to provide financial aid can minimize its impact on the flow of your business operations. The inability to repair a vehicle is the last thing you want to deter you from being able to run your business. Nevertheless, the hefty cost of car insurance cannot be disregarded.

Navotar car rental software knows how many responsibilities come with running a car rental business and that paying for car insurance may be the last thing on your mind. That’s why we make it possible to track your insurance expenses within the system. Stay on top of your expenses by viewing how much you’re spending on car insurance per month compared to your other expenses. You can also use the reminder function to receive periodic alerts about upcoming insurance payments or renewals so you’ll never forget.

Contact Navotar today at sales@navotar.com !

[Published By: Joanna Sugunathazan]