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But, how much truth is in these claims, and what really is the lowest you can pay for auto insurance?
It’s an important question because auto insurance is one of the largest monthly expenses for many people after rent, gas, and car payments.
Let’s look at the claims made by some of these ads:
Firstly, when they say $9 insurance, they mean $9 per week, which works out to $39 per month, or $468 per year. Now, that’s not as exciting as $9 per month – but it’s still probably a lot less than most people are paying.
So, what is the “trick” to get you there? Well, it turns out all you have to do is have a perfect driving record, no DUI’s, drive very little, drive the right car, and live in the right zip code.
But, the truth is that most people do pay more than they have to for auto insurance. Read more...
