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re: I can’t help but think a lot of people driving newer cars with upside down loans
Posted on 5/9/24 at 5:37 am to PeteRose
Posted on 5/9/24 at 5:37 am to PeteRose
Average new car price is $47k and our minimum insurance for vehicle/prop damage is $25k. I’d bet half the people with insurance in the state have minimum coverage. Statistically, ~12% of the population is uninsured. So, I’d bet half the people on the road are either uninsured or have barely half the cost of the average new car in coverage. And people wonder why we have an insurance crisis…
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