| Car insurance in America is big business, since it was | | | | company that has a strong financial history (you don't |
| estimated that there were approximately 16.5 million | | | | want any chance that the company will go broke |
| car accidents last year in the USA alone. This, multiplied | | | | during your year of insurance cover) and that offers |
| by the cost of paying out on a claim cost the car | | | | you good service at a good price. |
| insurance companies over $90 billion. The fact that | | | | To save money on insurance, it is not advised to |
| they could afford to make these payouts and still be in | | | | purchase collision cover for more than your car is |
| business, means that they are earning even more than | | | | valued at. In the event that you did need to spend that |
| that, meaning the industry must be an extremely big | | | | much on collision damage, you might as well buy a |
| one. As well as paying out on accident claims, | | | | new car for less money. I would also advise not having |
| companies have to pay out on stolen cars, and last | | | | any collision cover at all if your car is over 10 years old, |
| year an American car was stolen every 19 seconds - | | | | since old cars usually aren't worth repairing, and it's |
| that's over 3 every minute! | | | | always cheaper in the long-term to buy a new car (I |
| How can you protect yourself against this? Simple - | | | | don't mean buy a brand new car, a second hand car is |
| get yourself insured by a reliable car insurance | | | | fine). |