Should I buy auto insurance?
Auto insurance is voluntary, so you don’t have to purchase liability insurance like you do. One of the reasons I wonder if I should join is the burden of insurance premiums. Basically, you need to consider the balance between coverage and insurance premiums. Here are some tips for deciding whether to buy car insurance.
The (total) penetration rate of auto insurance is about 45%. The penetration rate is around 53%, mainly for ordinary passenger cars, compact cars and light four-wheel passenger cars. The total includes motorcycles with a penetration rate of around 1%, so if you focus on private cars, the penetration rate will be high.
By prefecture, Aichi prefecture 58.5%, Gifu prefecture 57.7%, Osaka prefecture 50.2%, Mie prefecture 50.0% are more than half and the prefecture of Okinawa is the lowest at 27.8%. The decision to buy auto insurance also depends on the traffic conditions in your area.
Next, regarding the status of insurance payments by accident type, the most common was car-to-car at about 42%, car alone at about 30%, and car targets at about 26%. Keep in mind that limited vehicle insurance does not cover a single accident. Based on payment status by prefecture and type of accident, the national average of payments due to typhoons, tornadoes, floods and storm surge is about 4%, but by prefecture, Osaka prefecture is about 25% and Osaka prefecture Wakayama is about 22%. Kyoto. You can see that the proportion is high, around 11% in Okinawa prefectures and prefectures.
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