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Why is car insurance so expensive in the US? I pay £300 per annum in the UK
by ojhughes 3y ago
Why is car insurance so expensive in the US? I pay £300 per annum in the UK
- dazc 3y agoCar insurance in the UK is hugely competitive with many businesses losing money on new policies. Not sure about the US market but this could be a factor?
- globular-toast 3y agoSafer roads probably. Speaking to Americans it's like crashes are an everyday occurrence and everyone seems to have experience of one. Over here it's more likely someone goes there entire life without a single collision or insurance payout at all.
- tonyedgecombe 3y agoAlso Americans tend to be more litigious which has its costs.
- pojzon 3y agoBecause we have requirements for driving cars. Its not easy to get a driving license, ppl know how to drive. In US its “hey have you seen a car in your life, here have those keys”
- kalleboo 3y agoYoung people in overspecced cars? https://www.youtube.com/watch?v=MgDoXu__KyM https://www.youtube.com/watch?v=MgDoXu__KyM
- notaustinpowers 3y agoI wish I knew, lol. I've never met anyone who's paid less than $100/month for car insurance. For my brother though it's probably on account of him being 19, being at fault for an accident that totaled 2 cars, having a speeding ticket for going 25mph over the limit, a $40k+ truck, and car loans like this requiring a $500 deductible at the highest it can be set. He's not the best candidate for an insurance policy...
- colingoodman 3y agoI would guess one difference is that the average distance traveled by car each year is higher in the US. Google results suggest its roughly twice as much.