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Why does my insurance cost more than my car?

The cost of repairing or replacing your car is only one of the factors that goes into calculating your insurance price. Repairs to other cars or property you damage are also taken into consideration but that’s not what makes crashes so costly.

The true cost of a crash is when people are hurt. Care for someone who’s seriously injured can cost millions - that’s what we have insurance for. It protects us and anyone we hurt against the massive long-term cost.

More personal injury claims, particularly for whiplash, have also made insurance more expensive, which is why your insurance may cost more than your car. The car itself is the least of it!

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