While it might look so from the first-time driver and car owner’s perspective, having your own set of wheels isn’t all fun and games. In fact, it entails a whole lot of responsibility that you never had to manage before. For one, you will need to get insurance for your car; your bank and the law will require you get one. You need the coverage, too, in case you get into an accident. Here are some important facts about auto insurance:
High risk, high premium
Insurance providers weigh how much their clients can get and have to pay based on the extent of driving risk their daily lives entail. For one, an ordinary adult cruising the urban streets to and from work will have to pay less premium than one driving a Porsche with a bad driving record. Also, young drivers tend to have higher...
