No matter how you look at it, having car insurance is ultimately far less expensive than not having car insurance.
That's just the way it is, and we all have to deal with this fact.
Another fact we are faced with this is that it is not only a good idea to be insured, but as I'm sure you know, it is 100% illegal not to be! Let's discuss both the consequences involved with having no car insurance, as well as the costs involved with doing the right thing.
Basic liability insurance can cost a few hundred dollars annually, where in some worst case scenarios, a lack of insurance can cost you thousands, tens of thousands, or even hundreds of thousands of dollars.
In some cases it can even cost you your freedom! That's right, there have been cases of individuals who were pulled over, had no proof of liability car insurance, missed their court date, and were taken to jail in handcuffs.
In fact, I just finished reading an article about a lady who actually had the police show up at her front door and take her in for this very offense.
Seems harsh, but this is the reality some of us may face, so let's just play it safe and get insured! There are several factors that determine the premiums you can expect to pay for your coverage.
The biggest factor is the type of insurance you intend to get for yourself.
Will you get basic liability, full coverage, or something in between? Will you be the only policy holder or will you be insuring another person, as well? Other factors are personal in nature and can include age, gender, driving history, and criminal background.
Other factors pertain to the vehicle you will be insuring, i.
e.
make, model, year, style, and color.
There are other factors, of course, but these are some of the "biggies.
" The only way you can accurately determine how much you will pay for your car insurance is to get a quote.
This is an excellent idea whether you intend to purchase insurance now or some time in the future.
This can help you plan ahead with real numbers instead of a vague generalization.