Check Out These Weird And Wonderful Facts About Car Insurance

As you should be aware, all drivers in the U.S. are required to have car insurance, although it is estimated that just over 15% of drivers are left uninsured at any given time for one reason or another. This post will introduce to some other facts about car insurance – some may seem obvious to you, whereas others will shock you.

Premiums

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  • Car insurance premiums will dramatically decrease once you reach the age of 25. The main reason for this is that there are studies which show that drivers aged between 16 and 19 are three times more likely to pick up a speeding violation than those aged above 25. Unfortunately, in addition to this, there are statistics which prove that well over a quarter of fatalities due to a car accident are caused by those aged under 25.
  • Ignore the obvious myth that certain colors of cars produce higher insurance premiums – it simply isn’t true. Many people have avoided purchasing red cars especially because of the myth about car insurance and car color doing the rounds.
  • It is not always true that your car insurance will cover you for items being stolen from inside your car. Most people automatically assume that they will be covered, but this will very much depend on the car insurance policy. So, before you breathe a sigh of relief it is probably best to check your policy first.
  • The five states which typically pay the most for car insurance are Kentucky, Louisiana, Michigan, Mississippi and West Virginia.
  • The five states which typically pay the least for car insurance are Alaska, Hawaii, Massachusetts, North Carolina and Oregon.
  • A driver will have an accident claim, on average, once every 18 years.
  • The average loss per claim will typically depend on the type of vehicle with trucks being the highest, then cars, and SUVs have the lowest average loss per claim.
  • The three most common reasons for making a claim are fender benders, theft and whiplash.
  • Motorcycles are involved in far more fatal crashes than cars. It is estimated that just over 50 out of every 100,000 registered motorcycles has been involved in crash resulting in a fatality. However, only 9 out of every 100,000 registered cars have been involved in fatal crash.
  • If you are looking to insure a previously owned car, as opposed to a brand new car, you could find that your premiums are more than 50% less.
  • There is not a single state in the U.S. that doesn’t require a driver to have auto insurance and yet, as mentioned earlier, over 15% of drivers are without insurance at any given time.
  • Just over 80% of drivers now wear a seat belt whilst driving. Not quite the 100% you would want to see, but it’s slowly getting there.
  • If you’ve taken out medical payments and personal injury protection with your insurance policy this not only protects you as the policyholder, but it will also provide coverage for your passengers that were involved in an accident while you were driving.

Claims

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  • A driver will have an accident claim, on average, once every 18 years.
  • The average loss per claim will typically depend on the type of vehicle with trucks being the highest, then cars, and SUVs have the lowest average loss per claim.
  • The three most common reasons for making a claim are fender benders, theft and whiplash.

Other Facts

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  • Motorcycles are involved in far more fatal crashes than cars. It is estimated that just over 50 out of every 100,000 registered motorcycles has been involved in crash resulting in a fatality. However, only 9 out of every 100,000 registered cars have been involved in fatal crash.
  • If you are looking to insure a previously owned car, as opposed to a brand new car, you could find that your premiums are more than 50% less.
  • There is not a single state in the U.S. that doesn’t require a driver to have auto insurance and yet, as mentioned earlier, over 15% of drivers are without insurance at any given time.
  • Just over 80% of drivers now wear a seat belt whilst driving. Not quite the 100% you would want to see, but it’s slowly getting there.
  • If you’ve taken out medical payments and personal injury protection with your insurance policy this not only protects you as the policyholder, but it will also provide coverage for your passengers that were involved in an accident while you were driving.

Dean Saliba

Dean Saliba is a freelance writer, professional blogger, media enthusiast, dirty football player, and huge professional wrestling fan, who covers a wide range of subjects and niches including: making money online, traffic generating, pro wrestling, blog reviews, football, how-to guides, music, internet marketing and more.