Where You Live Can Affect Your Car Insurance Rates
· by Matt Fox · posted April 14, 2008
· filed under Arizona Auto Insurance, Arizona Homeowner Insurance, Auto, Homeowner, Personal Insurance category.
Your home and car insurance rates can be greatly affected by what zip code you live in. If you’re an insurance geek, like me, you’ll find it fascinating to learn of the many factors that drive insurance rates. I won’t bore you with all but here’s another one of the biggies…your zip code.
If you live in a suburb like Queen Creek, South Chandler, Surprise or Buckeye your car insurance rates can be drastically less than someone who lives in Phoenix. One factor that plays into this is the number of accidents in a zip code. So, if you live in downtown Phoenix where thousands of cars travel every hour there’s a much greater chance of accident than in the fringe of the East or West Valley where only a thousand cars pass every day.
With your home insurance it can be the same too but for different reasons. When you live in the center of town, the homes are generally older. Insurance premiums are more for older homes. In the suburbs most of the homes are less than 10 years old. Insurance companies love ‘safer’ new homes.
If you’re considering moving and debating between buying two homes, call your insurance agent to get quotes. I’ve seen differences as much as $900 per year for auto insurance rates. Would that make an impact in your budget?
Related posts:
- Arizona Auto Insurance Rate Changes
- Are Arizona Car Insurance Rates Criminal?
- The Real Key To Low Home and Car Insurance Premiums
- How Do You Know You Have The Best Price On Your Insurance?
- When You Hit An Animal – How Does It Affect Your Car Insurance Rate?
Comments
Got something to say?