Friday, May 17, 2019

Insurance Rates By Car and Tips Buying

Average used car insurance rates by year for 2006 to 2018

Year

Make

Model

Average annual rate

2006 Least expensive used car rates

2006

Honda

Odyssey LX

$922

2006

Chrysler

Town & Country

$923

2006

Dodge

Caravan SE

$925

2006

Dodge

Grand Caravan SE

$955

2006

Ford

Escape XLS

$956

2006

Jeep

Wrangler SE

$957

2006

Ford

Escape XLS

$958

2006

Saturn

Vue

$959

2006

Chevrolet

Express G1500

$959

2006

Hyundai

Tucson GL

$963

2006

Toyota

Sienna CE

$964

2006

Chevrolet

Express G1500 LS

$965

2006 Most expensive used car rates

2006

Mercedes

S65 AMG

$2,141

2006

Mercedes

SL65 AMG

$2,016

2006

Mercedes

S600

$1,906

2006

Audi

A8 L Quattro

$1,893

2006

Mercedes

CL500

$1,814

2006

Jaguar

XKR Victory Limited

$1,768

2006

Mercedes

SL500

$1,704

2006

Mercedes

G55 AMG Grand Edit AWD

$1,703

2006

Porsche

911 Carrera 4S

$1,678

2006

Mercedes

S500 AWD

$1,653

2006

Land Rover

Range Rover Westminster

$1,651

2006

Jaguar

XK8 Victory Limited

$1,632

2007 Least expensive used car rates

2007

Honda

Odyssey LX

$936

2007

Dodge

Caravan SE

$937

2007

Chrysler

Town & Country

$944

2007

Ford

Escape XLS

$965

2007

Jeep

Wrangler X

$966

2007

Jeep

Compass Sport

$967

2007

Hyundai

Tucson GLS

$972

2007

Ford

Escape XLS

$972

2007

Saturn

Vue

$972

2007

Chevrolet

Express G1500

$978

2007 Most expensive used car rates

2007

Mercedes

S65 AMG

$2,274

2007

Mercedes

SL65 AMG

$2,073

2007

Mercedes

S600

$2,010

2007

Mercedes

CLS63 AMG

$1,944

2007

Porsche

911 GT3

$1,923

2007

Audi

A8 L Quattro

$1,919

2007

Jaguar

XKR

$1,847

2007

Mercedes

S550 4MATIC AWD

$1,788

2007

Mercedes

SL550

$1,757

2007

Porsche

911 Carrera 4S

$1,748

2008 Least expensive used car rates

2008

Honda

Odyssey LX

$952

2008

Jeep

Wrangler X

$966

2008

Ford

Escape XLS

$986

2008

Chrysler

Town & Country LX

$988

2008

Jeep

Patriot Sport

$990

2008

Chevrolet

Express G1500

$991

2008

Hyundai

Tucson GLS

$997

2008

Honda

CR-V LX

$998

2008

Chrysler

Town & Country LX

$1,001

2008

Dodge

Grand Caravan SE

$1,001

2008

Toyota

Sienna CE

$1,003

2008 Most expensive used car rates

2008

Mercedes

S65 AMG

$2,348

2008

Mercedes

SL65 AMG

$2,187

2008

Porsche

911 GT2

$2,108

2008

Porsche

911 GT3 RS

$2,096

2008

Mercedes

S600

$2,092

2008

Mercedes

S63 AMG

$2,084

2008

Jaguar

XKR Portfolio

$2,026

2008

Mercedes

CLS63 AMG

$1,996

2008

Porsche

911 Turbo

$1,993

2008

Mercedes

SL550

$1,856

2009 Least expensive used car rates

2009

Jeep

Wrangler X

$980

2009

Honda

Odyssey LX

$986

2009

Ford

Escape XLS

$1,001

2009

Subaru

Outback AWD

$1,016

2009

Jeep

Patriot Sport Off Road

$1,020

2009

Volkswagen

Routan SE

$1,023

2009

Hyundai

Tucson GLS

$1,023

2009

Subaru

Outback L.L. Bean AWD

$1,025

2009

Chrysler

Town & Country LX

$1,026

2009

Chevrolet

Express G1500

$1,026

2009

Hyundai

Santa Fe GLS

$1,028

2009 Most expensive used car rates

2009

Mercedes

S65 AMG

$2,421

2009

Mercedes

SL65 AMG

$2,272

2009

Mercedes

SL63 AMG

$2,252

2009

Porsche

911 Carrera GT2

$2,218

2009

Mercedes

S63 AMG

$2,153

2009

Mercedes

S600

$2,149

2009

Mercedes

CLS63 AMG

$2,140

2009

Audi

A8 L Quattro

$2,097

2009

Jaguar

XKR Portfolio SC

$2,076

2009

Chevrolet

Corvette ZR1

$1,992

2009

Nissan

GT-R

$1,983

2010 Least expensive used car rates

2010

Jeep

Wrangler X

$1,000

2010

Honda

Odyssey LX

$1,009

2010

Ford

Escape XLS

$1,031

2010

Ford

Escape XLT

$1,036

2010

Volkswagen

Routan S

$1,037

2010

Honda

CR-V LX

$1,043

2010

Dodge

Grand Caravan Hero

$1,044

2010

Chrysler

Town & Country LX

$1,045

2010

Jeep

Patriot Sport Off Road

$1,046

2010

Toyota

Tacoma

$1,048

2010 Most expensive used car rates

2010

Mercedes

S65 AMG

$2,485

2010

Porsche

911 Carrera GT3 RS

$2,308

2010

Nissan

GT-R

$2,242

2010

Mercedes

S63 AMG

$2,242

2010

Mercedes

CLS63 AMG

$2,229

2010

Mercedes

S600 BI-T Turbo

$2,216

2010

Jaguar

XKR Portfolio SC

$2,176

2010

Porsche

Panamera Turbo

$2,104

2010

Audi

A8 L Quattro

$2,082

2010

Mercedes

S550 4Matic AWD

$2,081

2010

Chevrolet

Corvette ZR1

$2,079

2011 Least expensive used car rates

2011

Honda

Odyssey LX

$1,032

2011

Volkswagen

Routan S

$1,049

2011

Ford

Escape XLS

$1,051

2011

Dodge

Grand Caravan C/V

$1,054

2011

Jeep

Wrangler Sport

$1,056

2011

Honda

CR-V LX

$1,058

2011

Jeep

Patriot Sport

$1,062

2011

Jeep

Compass

$1,065

2011

Toyota

Sienna

$1,066

2011

Toyota

Tacoma

$1,066

2011 Most expensive used car rates

2011

Mercedes

S65 AMG

$2,867

2011

Mercedes

SL65 AMG

$2,678

2011

Porsche

911 Carrera GT2 RS

$2,595

2011

Mercedes

S600 BI-T

$2,588

2011

Mercedes

S63 AMG

$2,583

2011

Mercedes

SL63 AMG

$2,541

2011

Porsche

Panamera Turbo

$2,432

2011

Jaguar

XKR Portfolio SC

$2,429

2011

Nissan

GT-R

$2,355

2011

Porsche

911 Carrera GT3 RS

$2,353

2011

Mercedes

CLS63 AMG

$2,345

2012 Least expensive used car rates

2012

Ford

Escape XLS

$1,056

2012

Jeep

Wrangler Sport

$1,063

2012

Honda

Odyssey LX

$1,067

2012

Jeep

Patriot Sport

$1,072

2012

Dodge

Grand Caravan SE

$1,073

2012

Honda

CR-V LX

$1,073

2012

Dodge

Grand Caravan AVP

$1,077

2012

Hyundai

Tucson GL

$1,078

2012

Volkswagen

Routan S

$1,083

2012

Ford

Transit

$1,084

2012 Most expensive used car rates

2012

Mercedes

S65 AMG

$2,984

2012

Mercedes

SL65 AMG

$2,760

2012

Mercedes

S600 BI-T

$2,678

2012

Mercedes

SL63 AMG

$2,660

2012

Mercedes

S63 AMG

$2,645

2012

Jaguar

XKR Supercharged

$2,562

2012

Porsche

Panamera Turbo S

$2,546

2012

Tesla

Model S Peformance EV

$2,545

2012

Nissan

GT-R

$2,491

2012

Audi

A8 L 6.3 Quattro

$2,448

2013 Least expensive used car rates

2013

Honda

Odyssey LX

$1,070

2013

Honda

CR-V LX

$1,076

2013

Jeep

Patriot Sport

$1,078

2013

Jeep

Compass Sport

$1,094

2013

Hyundai

Tucson GL

$1,097

2013

Jeep

Wrangler Sport

$1,097

2013

Ford

Escape S

$1,097

2013

Dodge

GrandCaravan American Pkg

$1,098

2013

Chevrolet

Express G1500

$1,107

2013

Ford

F-150 XL

$1,112

2013 Most expensive used car rates

2013

Mercedes

S65 AMG

$3,070

2013

Mercedes

SL65 AMG

$2,881

2013

Nissan

GT-R Black Edition

$2,776

2013

Mercedes

S600

$2,767

2013

Mercedes

S63 AMG

$2,749

2013

Mercedes

SL63 AMG

$2,716

2013

Jaguar

XKR Supercharged

$2,679

2013

Porsche

Panamera Turbo S

$2,637

2013

Mercedes

CLS63 AMG

$2,589

2013

Porsche

911 Turbo S

$2,561

2014 Least expensive used car rates

2014

Honda

Odyssey Lx

$1,084

2014

Jeep

Patriot Sport

$1,096

2014

Honda

CR-V LX

$1,097

2014

Jeep

Patriot Sport

$1,106

2014

Jeep

Compass Sport

$1,107

2014

Dodge

Grand Caravan SE

$1,110

2014

Ford

Escape S

$1,110

2014

Jeep

Wrangler Sport

$1,112

2014

Subaru

Outback 2.5I

$1,121

2014

Nissan

Xterra X

$1,123

2014 Most expensive used car rates

2014

Mercedes

SL65 AMG

$2,969

2014

Jaguar

XKR-S

$2,933

2014

Mercedes

SL63 AMG

$2,920

2014

Nissan

GT-R Black Edition

$2,860

2014

Porsche

911 Turbo S

$2,837

2014

Porsche

Panamera Executive

$2,761

2014

Mercedes

S63 AMG

$2,703

2014

Audi

A8 L 6.3 Quattro

$2,607

2014

Mercedes

CLS63 AMG 4MATIC

$2,576

2014

BMW

750i XDRIVE

$2,517

2014

Mercedes

S550 4MATIC AWD

$2,514

2015 Least expensive used car rates

2015

Honda

Odyssey LX

$1,098

2015

Jeep

Patriot Sport

$1,109

2015

Honda

CR-V LX

$1,112

2015

Jeep

Compass Sport

$1,120

2015

Jeep

Wrangler Sport

$1,124

2015

Dodge

Grand Caravan AVP

$1,127

2015

Jeep

Cherokee Sport

$1,129

2015

Ford

Escape S

$1,129

2015

Mazda

CX-5 Sport

$1,131

2015

Nissan

Xterra X

$1,133

2015

Buick

Encore

$1,136

2015 Most expensive used car rates

2015

Mercedes

SL65 AMG

$3,035

2015

Nissan

GT-R Nismo

$3,027

2015

Nissan

GT-R Black Edition

$2,975

2015

Mercedes

S65 AMG

$2,954

2015

Jaguar

XKR-S

$2,927

2015

Mercedes

SL63 AMG

$2,925

2015

Porsche

Panamera Tbo S Executive

$2,866

2015

Porsche

911 Turbo S

$2,853

2015

Mercedes

S600

$2,795

2015

Mercedes

S63 AMG

$2,773

2015

Audi

A8 L 6.3 Quattro

$2,678

2015

Mercedes

CLS63 AMG 4MATIC S

$2,618

2015

Mercedes

S550 4MATIC AWD

$2,613

2015

BMW

Alpina B6 XDrive

$2,585

2016 Least expensive used car rates

2016

Honda

Odyssey LX

$1,113

2016

Honda

CR-V LX

$1,170

2016

Dodge

Grand Caravan AVP

$1,174

2016

Jeep

Patriot Sport

$1,180

2016

Jeep

Wrangler Sport

$1,181

2016

Jeep

Compass Sport

$1,190

2016

Ford

Escape S

$1,194

2016

Buick

Encore Sport Tour

$1,200

2016

Jeep

Cherokee Sport

$1,203

2016

Nissan

Frontier S

$1,204

2016

Nissan

Xterra X

$1,211

2016

Mazda

CX-5 Sport

$1,211

2016

Subaru

Outback 2.5I

$1,217

2016

Chevrolet

Colorado

$1,223

2016

Honda

Pilot LX

$1,226

2016

Hyundai

Tucson SE

$1,227

2016

Chrysler

Town & Country LX

$1,228

2016 Most expensive used car rates

2016

Dodge

GT Viper

$4,048

2016

Mercedes

SL65 AMG

$3,797

2016

Mercedes

S65 AMG

$3,684

2016

Mercedes

S600 BI-T

$3,539

2016

Mercedes

S63 AMG 4Matic

$3,513

2016

Porsche

Panamera S Executive

$3,484

2016

Nissan

GT-R Nismo

$3,476

2016

Mercedes

SL63 AMG

$3,400

2016

BMW

M6 Gran Coupe

$3,309

2016

Land Rover

Range Rover SC AUTOBIO

$3,245

2016

Audi

RS7 Quattro Prestige

$3,229

2016

Porsche

911 Carrera GT3 RS

$3,212

2017 Least expensive models to insure

2017

Honda

Odyssey LX

$1,112

2017

Jeep

Renegade Sport

$1,138

2017

Jeep

Wrangler Black Bear

$1,148

2017

Honda

CR-V LX

$1,170

2017

Jeep

Compass

$1,183

2017

Subaru

Outback 2.5l

$1,187

2017

Jeep

Cherokee Sport

$1,188

2017

Buick

Encore (tie)

$1,190

2017

Jeep

Patriot Sport (tie)

$1,190

2017

Subaru

Forester 2.5l

$1,196

2017 Most expensive models to insure

2017

Mercedes

S65 AMG

$3,835

2017

Dodge

GTS Viper

$3,779

2017

Mercedes

S63 AMG

$3,624

2017

Maserati

Quattroporte GTS

$3,547

2017

Mercedes

S550

$3,502

2017

Mercedes

C43

$3,418

2017

Mercedes

Maybach S600

$3,355

2017

Mercedes

SL65 AMG

$3.322

2017

Nissan

GT-R Nismo

$3,313

2017

Audi

R8 5.2L V10 Quattro

$3,267

2018 Least expensive models to insure

2018

Jeep

Wrangler Freedom

$1,169

2018

Honda

Odyssey LX

$1,181

2018

Subaru

Crosstrek

$1,236

2018

Subaru

Outback 2.5I

$1,238

2018

Fiat

500X Pop

$1,244

2018

Mazda

CX-3 Sport

$1,248

2018

Mazda

CX-5 Sport

$1,248

2018

Jeep

Compass Sport

$1,257

2018

Honda

HR-V LX

$1,257

2018

Ford

Escape S

$1,258

2018 Most expensive models to insure

2018

Mercedes

S65 AMG

$3,890

2018

Mercedes

S63 AMG

$3,670

2018

Mercedes

Maybach S650

$3,558

2018

Porsche

Panamera S

$3,545

2018

BMW

M6 Gran Coupe

$3,493

2018

BMW

Alpina B7 XDrive

$3,465

2018

BMW

I8

$3,460

2018

Nissan

GT-R Nismo

$3,458

2018

Mercedes

SL65 AMG

$3,449

2018

Mercedes

AMG GT S

$3,430



This year, the national average is $1,457, which is only a $92 increase from last year ($1,365).


Rank

State

Average premiums

1

Michigan

$2,611

2

Louisiana

$2,298

3

Florida

$2,219

4

Oklahoma

$1,966

5

DC

$1,876

6

California

$1,846

7

Rhode Island

$1,834

8

Delaware

$1,828

9

New York

$1,789

10

Texas

$1,779

11

Georgia

$1,777

12

Colorado

$1,761

13

Connecticut

$1,640

14

Wyoming

$1,602

15

Montana

$1,600

16

Kentucky

$1,594

17

Arkansas

$1,566

18

Maryland

$1,546

19

Nevada

$1,525

20

New Jersey

$1,520

21

West Virginia

$1,472

22

Arizona

$1,449

23

South Carolina

$1,433

24

Mississippi

$1,409

25

Washington

$1,401

26

Kansas

$1,398

27

New Mexico

$1,382

28

Minnesota

$1,362

29

Tennessee

$1,297

30

Illinois

$1,296

31

Nebraska

$1,291

32

Alabama

$1,287

33

Oregon

$1,286

34

Hawaii

$1,275

35

Missouri

$1,272

36

South Dakota

$1,262

37

Massachusetts

$1,245

38

Utah

$1,206

39

Pennsylvania

$1,187

40

Alaska

$1,183

41

Indiana

$1,181

42

Ohio

$1,175

43

North Dakota

$1,164

44

Vermont

$1,100

45

North Carolina

$1,095

46

New Hampshire

$1,087

47

Virginia

$1,063

48

Iowa

$1,047

49

Idaho

$1,040

50

Wisconsin

$951

51

Maine

$845

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If you call any of these states home, your insurance bills will be higher (and in some cases much higher) than the national average. The reason varies. It may be a unique insurance system, loads of uninsured drivers or just plain high population density. Here are the top five most expensive states for car insurance, read them and weep.


Insurance Rates By Car and Tips For Buying


#1 Michigan: Life-time unlimited benefits


This is the sixth year in a row Michigan has topped our list, and the state has never managed a finish lower than third since Insure.com started the ratings. This is primarily due to its unique insurance system.


The average annual premium in Michigan came in at $2,611. This is a huge leap from last year, a $372 jump to be exact. It also puts Michigan a whopping 79 percent above the national average of $1,457.


The major issue in Michigan is its insurance system. Michigan has a very unique no-fault car insurance scheme, which requires all drivers to carry Personal Injury Protection (PIP) coverage. PIP helps cover medical expenses that the policyholder, family members or even passengers that are injured in a car accident incur. (Read: The Importance Of Having Insurance Vehicle)


The difference between Michigan and other PIP states is the coverage limits. The majority of other states that use a PIP system put a reasonable limit on PIP coverage amounts. However, Michigan guarantees unlimited, lifetime medical benefits to auto accident victims, which dramatically increases an insurer's risk, and your premium.


#2 Louisiana: Lots of uninsured drivers, lots of lawsuits


Louisiana is back in the second spot for the third year in a row. It has been in the top five every year we've done the study. The average premium in the Pelican State hit $2,298, which is 58 percent more than the national average.


In Louisiana, the big factor bumping up rates is uninsured and underinsured drivers who like to sue each other.


The IRC study found that roughly 13 percent of Louisiana drivers don't have car insurance. in addition to this, almost 40 percent are carrying the absolute minimum coverage levels, according to Louisiana Insurance Commissioner Jim Donelon.


State-required minimum coverage levels vary by state and in Louisiana all drivers must carry:


Bodily injury liability: The minimum is $15,000 per person and $30,000 per accident

Property damage liability coverage: The minimum is $25,000


While these aren't the lowest minimums, these coverage levels will quickly be eaten up in even a semi-serious accident. This leads many drivers to turn to the legal system to get a higher payout. Louisiana Watchdog reports that Louisiana lawsuit costs are amount the highest in the U.S., with annual expenses nearly hitting $7 billion, 20.6 percent higher than the national average. Auto accidents are the largest portion of the tort system costs reaching nearly 3.4 billion.


#3 Florida: High-risk drivers, highest rate of uninsured drivers


The Sunshine state stayed in the third spot with an average premium of $2,219, which puts it 52 percent above the national average.


Uninsured drivers are a big factor for Florida with the IRC study ranking this state as having the highest rate of uninsured drivers in the nation. The survey estimates that 26.7 percent of drivers are out on the road without insurance. When a quarter of drivers are uninsured, it will absolutely increase the cost of insurance for everyone.


While Florida has more than its share of uninsured drivers it's not the only factor affecting car insurance rates. It is home to an estimated 21.3 million people and not all of them fall into the right category for insurers.


"Florida has a larger percentage of riskier drivers," points out Karen Kees, press secretary at the Florida Office of Insurance Regulation. "There are a high number of students due to the many universities in Florida, older drivers due to the large number of retirement communities, and drivers unfamiliar with the local roads due to our popularity with tourists."


#4 Oklahoma: Uninsured drivers, severe weather claims


The Sooner State made a dramatic jump up the list this year, going from 13th in 2018 to number four this year. The average premium in Oklahoma was $1,966 or 35 percent above the national average.


Oklahoma has a couple of problems that help jack up insurance rates. "Automobile insurance rates are higher mainly because of the catastrophic storms Oklahoma experiences and the rather large number of uninsured motorists," says Wayne Stewart, rate and form analyst with the Oklahoma Insurance Department.


Located in Tornado Alley, Oklahoma has experienced plenty of severe weather that leads to expensive claims for insurance companies and those costs end up hitting everyone's premium.


According to a Farmers Insurance report, Oklahoma ranked sixth for hail damage claims from 2013 to 2017. Farmers' data shows that 63 percent of their comprehensive auto insurance claims were connected to hail damage.


Uninsured drivers are the second major factor in Oklahoma that raises insurance rates. Officials with the Oklahoma Department of Public Safety estimated that roughly 600,000 Oklahoma residents were driving without valid car insurance. The IRC study says Oklahoma's uninsured driver rate is 11 percent.


#5 Washington D.C: Densely populated, fewer minor claims


Washington D.C. closes out the top five with an average annual premium of $1,876, putting it 29 percent above the national average. D.C. moved up one spot after finishing in sixth last year.


The big reason that D.C. makes the cut is population density. The entire district is basically an urban area, which leads to higher insurance rates. According to Census information, D.C has a population density of 11,020 people per square mile. While this number is certainly smaller than New York City, which clocks in at 28,256 people, it puts it well above other large cities, such as Houston and even Los Angeles.


Highly-populated cities often have higher crime, claim and vandalism rates, which means insurers have to charge higher rates to cover their costs. Tons of cars crammed into a small space leads to more accidents, which leads to claims, which ends in high car insurance rates.


High rates of disposable income can also push up insurance rates and D.C definitely falls into that category. 24/7 Wall Street reviewed 2017 income levels to identify the 25 richest cities in America and the nation's capital finished third.


How much auto insurance coverage to buy for your used car

  • Before getting quotes, map out what levels of comprehensive, collision and liability insurance you want.
  • Remember to be sure you compare rates for the exact same coverage levels -- an apples to apples comparison -- as you shop around. 
  • The level of insurance you need for your used car depends on your vehicle and situation. For instance, an older car may not need as much insurance as a one-year-old car.
  • One caveat: Insurance companies take an entire model's claims history when devising rates. This means you will likely pay higher auto insurance rates regardless of your driving record if your car's model is often stolen, gets into many accidents or its drivers receive many tickets.
  • When choosing auto insurance, the first thing you need to decide is how much liability insurance to get.


How much liability insurance you need

Liability insurance covers injuries to people in another vehicle or property if you're legally liable for an auto accident. Every state except New Hampshire requires at least a minimum level of liability insurance.

Liability insurance protects you and your assets in case of an accident. A used car can do as much damage to people and property as a new car so getting the right level of liability insurance is important.

Liability coverage is broken into two types: bodily injury and property damage. Though state minimums are much less, experts say you should get at least:

  • $100,000 coverage for bodily injury per person
  • $300,000 coverage for bodily injury per accident
  • $100,000 property damage for your vehicle

The higher the coverage the better since if your limits are exceeded you'll be personally responsible.


Read: 7 Car Insurance Best 2019 and Tips Selecting It

Insuring a new, used car before you drive it




  • You'll need auto insurance before you drive off the lot or away from the curb of a private owner, so it's a good idea to contact your insurance company before making the purchase. That way, you can have that settled before you buy the car and then potentially forget and get into trouble with your insurance company – and finance company if you financed your used vehicle. You don't want the finance company placing "forced" insurance on your vehicle at a very high cost. And make it clear if you are replacing a vehicle on your policy or adding an additional car to it, as that can make a difference on if there is immediate coverage with your current policy.
  • If you already own a vehicle, generally you can transfer your insurance to your new vehicle for at least a few days. It depends on your insurance company's policy and state laws on if there is coverage you're your current policy and if so how soon you need a new insurance policy for your "new" car.
  • If you buy a vehicle over the weekend, you'll want to contact your insurance company before making the purchase.
  • If buying a vehicle from a private party and you'll be making payments to the seller, to insure the car you will need to title it in your name. You need the seller to sign over the title to you and then put himself on the title as a lienholder, this allows you to title and insure the car and him to protect himself that you'll pay for the car – or he can take legal action.

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