With this legal cover, also known as “third party”, it is the insurer that compensates losses of all victims, but pays nothing the driver responsible for the accident, which faces one of its car repairs and its possible injury. It is therefore the minimal coverage; it is best complemented by other warranties.
A heavy charge… but stable
But be careful not to overload your budget because car insurance is heavy. In a household with two cars, insurance reached the station each year the equivalent of one month’s minimum wage, between 1000 and 1, 200 $.
It is a stable charge for several years (its price increases less than inflation), but nevertheless important.
Rates depending on the type of car
In fact, insurance rates depend on a subtle alchemy which guarantees seem secondary. The most important thing is the car itself. More she is nervous, the more “power “, the higher the rate of liability insurance rises, because it is considered potentially more dangerous.
In the same series of cars, the wagon horses with little cost and cheaper than the version “sports sixteen valves”. For the part that covers property and casualty cheap no deposit car insurance, the price of the vehicle and the cost of repairs that become important.
In their rankings, insurers also take into account the expected profile of the user of the car. And diesel is more expensive than gasoline.
Other criteria: driver profile and geographic
Differences in rates resulting from these rankings are reduced or increased depending on the personality of the driver and the vehicle. Sex, age, length of license, occupation and use (business trips, walks) are all points that hold the insurance company to set its rates.
Then, there are geographical criteria that are taken into account. Depending on whether the driver is in town or in the countryside, in a quiet or busy, it is exposed to the risk of accident more or less important, risk directly affects the price.
Result, the rates are the splits: a few tens of dollars per year to ensure an old car in the countryside several thousand dollars for a cab in the hands of a young urban.
Originally posted 2013-05-31 17:40:51.