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My car is only worth $500, but i pay more than $1000 to insure it LOL
why is the insurance for the car so much higher than the car’s actual value? makes no sense yo
You not only insure your car when you buy insurance, you also insure the damage that are you able to cause with it. Let’s say you crash into a brand new Lambo with your 1999 Dodge Neon. WOn’t you be glad to have insurance then?
Also… that $1000 you say you are spending. Is that for one year, six months, etc?
And, what is the year/make/model of your vehicle?
The damage that done by your car is worth more then your car in any accident,that’s why the insurance is expensive.