hey guys I’m a perme resident of the US and I frankly don’t understand why insurance is so expensive. I know I obtained my American driver license over five weeks ago but still never had any accidents neither tickets and they ask for $200 per month for an old car lol
Car insurance for permanent resident
byu/Proud_Conclusion_616 inInsurance
Posted by Proud_Conclusion_616
4 Comments
it is assessed based on risk, you just got a US drivers license so you have no history associated with driving in the US itself. Thus they treat you like your a kid who just got their license 200 a month is fairly standard and on the lower end of the cost spectrum as well
Because you are a new driver/insure, lack of driving experience, probably don’t even have an established credit score yet.
Garaging location and vehicle type matter too. Since your is a old car, the chances of you getting a crash with injuries is higher (lack of modern safety system that can detect and reduce the chances of crash). Some states/area like Florida, New Jersey, California, etc. can be very expensive to insure.
I recommend re run your records every year to see the insurance rate changes or not.
I recommend reaching out to a local insurance agent so they can shop around to get you the best price. Insurance is all based on risk, but every insurance company calculates that risk differently. However, at least in my area, 200 a month is a great price for a newly licensed driver.
Like a whole 5 weeks? /s
You are still very high risk. It takes years for drivers to become better