Is auto insurance expensive or cheap?

Answer 1

This question is far too broad to be answered directly. A variety of factors go into the cost of auto insurance, including, but not limited to:

1. What you deem to be "expensive or cheap";

2. Where you are located;

3. The insurance company involved;

4. Your driving record and that of others to be insured under the policy;

5. The make, model, and accessories of the vehicle to be insured;

6. The coverages that you purchase. For example, coverage for physical damage to the car alone will result in lower premiums than if the policy also provides for liability or other types of coverage;

7. The amount of the deductible selected. The deductible is the amount for which you are personally liable to pay before the insurance company's obligation to pay is triggered;

8. Whether the vehicle is used for personal or business purposes.