In general, a car or auto insurance is an extremely important insurance type that protects you during any accident or road mishap. Families residing in different locations across the world pay for their car insurance and it's a known fact that the rate of car insurance varies with the country where you live in.
United States is the 2nd most popular country that ensures every citizen owning a car are registered with some or the other auto insurance company after United Kingdom. In America, the cost of auto insurance get varied from state to state and it stands as the main reason for different auto insurance quotes across the world.
It's true that in most locations of the American, drivers enjoy a affordable insurance premium amount when compared to automobile drivers in other countries such as Germany and Russia etc.
This below infographic shares information about comparing the annual price of car insurance to the annual salary drawn by individuals across the globe.
Countries and its insurance rates:
Car insurance rate: US $289
Average annual income: US $30,111
Percentage of income paid as auto insurance: 1.0%
Car insurance rate: US $40
Average annual income: US $2,205
Percentage of income paid as auto insurance: 1.8%
Car insurance rate: US $1,706.86
Average annual income: US $51,144
Percentage of income paid as auto insurance: 3.34%