What has my place of residence got to do with my car insurance premium? A lot! Could it be that I am losing a lot of dollars simply on account of my residence?
You may find this hard to believe unless you are versed in insurance matters. However, there are things you can do to actually use your home to get better rates.
There are some good reasons why information about your place of residence is needed before obtaining an auto insurance quote. This is also why details of your place of work might also be required.
This little detail about you will help them know if you live in a high crime area or otherwise.
If you reside in an area that has a high incidence of vehicle robbery, vandalism and violence you'll pay much more than if you reside in a peaceful neighborhood.
Therein lies the problem...
Insurers cannot start asking themselves or going through statistics each time people apply to know how much risk that is created by a potential insured's home. Consequently, they do the reasonable thing: Group places into various risk categories.
If unluckily fall into a zone in their grouping that shows that you live in a high risk area, then you will pay more. Nevertheless, you may be surprised to hear that a house less than 50 meters from yours belongs to a medium risk area. There have to be boundaries and they could benefit you or otherwise.
Those who are about to buy a home or move into a new house, take note. Take some time out to obtain a free car insurance quote with the address of this home or property you want to get (Remember, they're free and non-obligatory). This will help you decide if it will cost you more or less if you move in there.
But what if you are already in such a high risk area albeit inadvertently, is there a way to squeeze out good savings? Everybody can get massive savings on their auto insurance premiums:
Use sites that return free car insurance quotes. In just minutes, you'll be given quotes from A rated companies by filling a simple online form. From the quotes obtained you'll locate insurance companies that are willing to take far less than what you are paying at present to give you a comparable insurance coverage.
You may find this hard to believe unless you are versed in insurance matters. However, there are things you can do to actually use your home to get better rates.
There are some good reasons why information about your place of residence is needed before obtaining an auto insurance quote. This is also why details of your place of work might also be required.
This little detail about you will help them know if you live in a high crime area or otherwise.
If you reside in an area that has a high incidence of vehicle robbery, vandalism and violence you'll pay much more than if you reside in a peaceful neighborhood.
Therein lies the problem...
Insurers cannot start asking themselves or going through statistics each time people apply to know how much risk that is created by a potential insured's home. Consequently, they do the reasonable thing: Group places into various risk categories.
If unluckily fall into a zone in their grouping that shows that you live in a high risk area, then you will pay more. Nevertheless, you may be surprised to hear that a house less than 50 meters from yours belongs to a medium risk area. There have to be boundaries and they could benefit you or otherwise.
Those who are about to buy a home or move into a new house, take note. Take some time out to obtain a free car insurance quote with the address of this home or property you want to get (Remember, they're free and non-obligatory). This will help you decide if it will cost you more or less if you move in there.
But what if you are already in such a high risk area albeit inadvertently, is there a way to squeeze out good savings? Everybody can get massive savings on their auto insurance premiums:
Use sites that return free car insurance quotes. In just minutes, you'll be given quotes from A rated companies by filling a simple online form. From the quotes obtained you'll locate insurance companies that are willing to take far less than what you are paying at present to give you a comparable insurance coverage.
About the Author:
Learn more at Safe Auto Insuranceand Cheap Auto Insurance. Chimezirim Odimba helps people get sufficient insurance coverage cheap.
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