The national average annual cost of auto insurance in 2023 was $3,017. That’s a lot of money to spend on something that isn’t fun or exciting. In fact, it’s so much money that some drivers may be tempted to skip auto coverage entirely — or buy only the bare minimum of protection.
For any driver considering opting out of getting auto insurance, it’s worth looking at the potential consequences. The downside of not having the right insurance could be far…
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