Teenager Quoted £17,000 To Insure £2,000 Car
A teenager in the UK has been quoted a price for car insurance that is eight times the value of his car, a whopping £17,000 (or US$24,000).
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Best Ways To Save Money On Your Auto Ins
1. Drive Less for and get a discount
Some carriers will discount your premium with a low-mileage discount if you drive less than 7,500 miles per year. Also ask your agent if you can receive a commuter discount for using public transportation.
Glossary
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Liability Coverage:
Liability coverage encompasses two things: Bodily Injury, Property Damage. In the most general sense, a liability is anything that is a hindrance or puts an individual at a disadvantage.