CARL, Texas — In a typical year, the cost of insurance for a car and driver is more than $1 million.
That’s because insurers charge a small fee for the privilege of keeping a car on the road.
It can be a significant investment.
For most of us, it can be as much as $5,000 a year.
But the average cost for a new car is much less, according to data from car insurance company DaimlerChrysler.
That’s because most insurance companies charge a lower percentage of premiums on cars that are sold as new than on those that are repaired, rebuilt or repaired and are being serviced.
“In general, the cheaper the repair, the lower the percentage of the premium charged,” says Dan Riedel, a car insurance agent in Dallas, who recommends car insurers avoid charging a premium for a vehicle that is being repaired or replaced.
Insurers are also reluctant to insure vehicles that have been repainted.
A few years ago, car insurers in Dallas began offering discounts to car buyers who purchased a car from a new company.
The discounts, called a ‘car rebate,’ were designed to help people who bought a new or used car for less than $10,000.
They typically cost $2,000, $4,000 or $6,000 depending on the car.
Insurers will rebate at least 20% of the cost to carbuyers.
That means if a buyer purchases a new 2017 Chevrolet Camaro and it costs $20,000 to repair it, the insurer will rebate the difference of at least $2 to $4 to $6.
For the buyer, the rebates will be worth the money.
But they’re only available if the buyer gets a new vehicle, says Rieden.
Riedel advises that if a car is being purchased, the buyer should contact the dealership or car insurance agency.
If the buyer doesn’t want to pay the rebate, he or she can always ask for a cash refund.
The best way to avoid car rebates is to shop around, says Brian Hirschfeld, vice president of corporate communications at Avis.
Hirschfield says most consumers don’t know that insurance companies can offer discounts when they buy cars.