Avoiding Accidents and High Premiums: The Case for Focused, Low-Tech Driving
This morning, there was an interesting article in the news about the rising cost of car insurance. Since the end of the pandemic, auto insurance costs, accidents, and traffic fatalities have all increased. Naturally, insurance rates have followed suit, but there are ways to manage your costs.
However, you might not love the solutions.
First, avoid buying new or nearly new cars. Not only are they expensive to repair — something insurance companies consider when setting your premium — but they also increase your risk of tickets, accidents, and costly repairs. New cars are loaded with sensors, making even a minor bumper tap potentially costly, sometimes requiring thousands of dollars in computer repairs.
These new vehicles come with fantastic gadgets: backup cameras, GPS interfaces, built-in phone mounts, advanced sound systems, and steering wheels with integrated phone controls. However, all these features are distractions, pulling your attention away from the road. The comfort of newer vehicles can also insulate you from sensory feedback, making it easy to lose track of your speed.
Instead, consider buying an older car. Older models are not only cheaper to purchase but also more affordable to insure and maintain. Best of all, they don’t…
