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Why Electric Car Owners Pay Higher Insurance Premiums

A new study by NerdWallet indicates drivers of electric cars and their gas counterparts pay higher premiums in California.  The study involved four models that had both gas and electronic versions of the same car: the Chevrolet Spark, Volkswagen Golf, Smart Fortwo, and Fiat 500. The insurance premiums for electric cars were on average 21% higher than quotes for the gas cars. The...

Auto Insurance Myths Persist

A study by InsuranceQuotes.com found that drivers have startling misconceptions about auto insurance. Forty-four percent of those surveyed believed that drivers with red cars pay more in auto insurance. More than one third (34%) of participants held the mistaken belief that personal items taken during burglaries of their cars are covered by auto insurance. Additionally, 17% of those...

Study Claims Auto Insurance Becoming More Affordable

A new study claims that personal auto insurance has become more affordable across all income groups in several states. The study, issued by the Insurance Research Council (IRC), found that all but four states have improved in auto insurance affordability between the 2000s to present. Auto insurance was least affordable in Louisiana, Florida, New York, Delaware, and Michigan. On the...

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