Auto Insurance Rate — How Your Zip Code Affects It

August 26, 2017 · Posted in General Articles on Car Insurance 

Your car insurance premium is affected by your place of residence. The important step is to find out if it’s compelling you to pay more.

You may find it difficult to believe unless you are an insurance expert. However, there are steps you can take to actually use your place of residence to attract better premiums.

You are aware of the fact that insurance companies ask for your home address and likely your place of work depending on your circumstance. They do so for obvious reasons.

They need to know your home address in order to determine how safe or risky the neighborhood is.

Do you live in a red light neighborhood? If you do, then your rate will be much more than someone who lives in community that is less prone to crimes.

Therein lies the problem…

In mapping out areas, there has to be a boundary between neighborhoods based on police records.

In grouping areas, there have to be demarcations for various risk categories. That is, if an area falls into the high risk category, there’ll be a boundary where another risk category starts. Folks who reside in those boundary points will be amazed to hear that a friend living close by pays far less because they belong to another risk zone. But this happens sometimes

This information is definitely most helpful if you’re about to move into a different home or about to pay for a house. Before you become carried away with the few hundreds you saved on an apartment, check if you will not pay much more in car insurance (You can check by using the new address to obtain a auto insurance quote from a quotes site). This is especially true if you want to live there for any considerable length of time.

Don’t start kicking yourself if you belong to a high risk area. Everyone can make massive savings on their car insurance rates:

Use sites that give free car insurance quotes. In just minutes, you’ll be given quotes from A rated companies by answering a simple online form. From the quotes obtained you’ll see insurance companies that are willing to take far less than what you’re paying at present to give you a comparable insurance coverage.

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