Filed under: Etc., Safety

Unless you live in New Hampshire, here in the States, you’re required to have some form of car insurance covering your vehicle. The annual cost to insure a car depends on an array of factors ranging from the type of vehicle to where you live to your driving record. You undoubtedly know what you pay for insurance on an annual or monthly basis, but do you know how much you will end up paying over the course of your driving life? According to Insurance.com, the average person will spend $84,388.
What does ‘average’ mean in the context of this study? In this case, researchers assume that you first insure your own vehicle at 21 years old, get married at 27, insure two teenagers for a few years and then stop driving when you turn 75. That passage of time is filled with a variety of claims, including accidents and other incidents that get sent across your insurance agent’s desk.
Predictably, Insurance.com offers up a few suggestions for cutting your overall coverage expenses. Some are easier said than done (avoid traffic tickets) while others might actually be fun (defensive driving course). Check out the company’s press release for the full details after the jump.
[Source: Insurance.com | Image: Flickr/jcrakow via CC2.0]
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Study: Average lifetime car insurance costs estimated at $84,000 originally appeared on Autoblog on Fri, 11 Feb 2011 18:59:00 EST. Please see our terms for use of feeds.
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That’s right. General Motors has taken the bold step of offering a lifetime warranty with all new Vauxhall vehicles it sells. Not surprisingly, the warranty is non-transferable and is only good for the first 100,000 miles on the odometer – apparently their definition of ‘lifetime’ is a bit different from that of Chrysler. Unlike their crosstown rivals, however, the guarantee covers most of the vehicle’s major systems, including the engine, transmission, steering, brake and electrical components. Not too shabby. The company is even looking into a way to offer the remainder of the warranty to second owners, which shows a pretty sizable amount of confidence in the company’s build quality as of late.