Car insurance in America is big business, since it was estimated that there were approximately 16.5 million car accidents last year in the USA alone. This, multiplied by the cost of paying out on a claim cost the car insurance companies over $90 billion. The fact that they could afford to make these payouts and still be in business, means that they are earning even more than that, meaning the industry must be an extremely big one. As well as paying out on accident claims, companies have to pay out on stolen cars, and last year an American car was stolen every 19 seconds - that's over 3 every minute!
How can you protect yourself against this? Simple - get yourself insured by a reliable car insurance company that has a strong financial history (you don't want any chance that the company will go broke during your year of insurance cover) and that offers you good service at a good price.
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