Why does Auto Insurance cost so much?

There is no standard price for auto insurance.  Beware of websites posting prices, because every individual person has a different rate.  Anyone showing price probably doesn’t even sell insurance.  There are many websites claiming cheap prices but usually they are “lead generator” sites, which means they claim to get you cheapest insurance but they dishonestly collect your contact information without providing a quote.  They sell your contact info to anyone who wants it as a lead.  Many people unknowingly make this mistake, you will know it when you receive dozens of calls emails and texts from multiple companies that you never contacted.  This harassment can last for months.  The cost of your auto insurance has many factors.  First is type of policy, it can be a Non-owner policy, or Liability only policy or Full Coverage each can have different limits varying from state required minimums up to hundreds of thousands of dollars with each policy and every combination of coverages having different costs.  After the type of policy and coverages, the zip code where you live is a major factor in price.  Population, weather, terrain, number of intersections, average speed limit, number of accidents by all drivers, crime along with other factors all influence risk and therefore affect cost.  Driving record is also a major factor when calculating price of insurance policy, every accident and violation or ticket will raise your price.  Most insurers will check your driving record through an MVR (motor vehicle report) which will go back 3-5 years of driving history.  Age, marriage status, gender along with many other factors, general cost of labor and parts to repair or replace damaged vehicles.  Auto insurance isn’t only based on how you drive but also how other drivers perform in your zip code and state.  Currently in August 2024 auto insurance rates are high and have been on the rise since the pandemic.  Law enforcement has decreased the number of traffic stops considerably, in affect has caused more reckless driving.  Serious accidents, uninsured driving and theft have skyrocketed over the past 2 years which has driven prices up.  SR-22 and FR-44 insurance is commonly misunderstood.  Usually an SR22 or FR44 is required by the state DMV to reinstate a drivers license, not just for DUI, DWI or failure to provide proof of insurance but each state has a list of reasons requiring sr22 or fr44.  To clarify SR22 and FR44 are attachments added to an insurance policy which can be auto insurance, non-owner and in some states even motorcycle or scooter policy.  It provides proof of insurance to the state.  Wessell Insurance Services LLC has been providing service in 30 states for 18 years.  Wessell prides itself in personal service we can answer all questions, explain your options and customize coverage to get you exactly what you need at best possible pricing with flexibility and service you can’t find anywhere else.  Call us today at 866 663 7561 or CLICK HERE for an online quote form.