Studio 617

Car Insurance is a service that can literally save money in repair bills. Most people think that insurance is putting money on a bet that most would like to lose. This actually the case as most people don’t ever want to be involved in an accident that damage the car or themselves. However, statistics say that about 1in every 100 people in the United States suffer an automotive accident every year. Car ownership in New York City, New York is 44 households in every 100 households. Assuming an average household size of two people and one car per household that has one, the per capita percentage is that 22 people in every 100 have cars. Thus, the average accident ratio, in New York, is actually 1 accident per 22 people in 2000. Considering that the estimated cost of US$230 Billion in 2000 is due to auto accidents for a total population of 281 Million, the average cost is almost US$820 per person. However, since only 22 people in every 100 have cars, this average cost should be (US$820 * 100 / 22) or US$3,730 per car owning person.

Thus, insurance should not be taken lightly. NJ Car Insurance as well as PA Car Insurance and even a Cheap Car Insurance can help reduce this average cost, at least for auto repair expenses.