Why Car Insurance is High
The expected SCT (Special Consumption Tax) and car prices in the first days of 2017 are resulting in increases that will truly hurt consumers. For the consumer already complaining about car loan interest rates and having difficulty buying a car, the dream of owning a car seems to be put on hold for a while.
Car insurance is provided by private companies, and payments are made to these companies. The resulting insurance prices are astonishing. Most car owners find the solution in selling their cars or transferring them to someone else. Insurance payments are particularly high for expensive and luxury cars. The statements made by the government about reducing insurance prices do not seem to have yielded much result. You should be aware that you will pay higher insurance, especially if you have a history of accidents.
