What has my home got to do with my auto insurance rate? The important thing is to find out if it's making you pay more or less. You may find this hard to believe unless you're an insurance expert. However, there are things you can do to actually use your home to get better rates.
You know quite well that insurance companies ask for your place of residence and probably your place of work depending on your circumstance. They do so for several reasons. This piece of information will help them know if you live in a high crime area or otherwise. If you live in an area that has a high incidence of car theft, vandalism and violence, you'll pay a lot more than if you live in a peaceful neighborhood.
Therein lays the problem...
Insurance companies can't start asking themselves or checking statistics each time someone applies to know how much risk that's created by a prospect's place of residence. Therefore, they do the sensible thing: Group areas into different risk categories.
In grouping areas, there have to be boundaries for various risk categories. That is, if an area belongs to the high risk category, there has to be a boundary where another risk category begins. People who live in those boundary areas will be surprised to find out that a friend living around the corner pays far less because they belong to another risk zone. But this does happen.
So, you'll do well to check before making the down payment for your home. Take some time out and request for a free auto insurance quote with the address of this house or apartment you intend to get (Remember, they are free and non-obligatory). This will help you know if it cost you more or less if you move in there.
Those who already pay more may be wondering what they can do about lowering their car insurance rates.
Thankfully, there is a way for anyone to make such savings in car insurance: Use sites that give free car insurance quotes. In just minutes, you'll be given quotes from A rated companies after you've answered a simply questionnaire. From the quotes returned you'll get insurance companies that are willing to take far less than what you're paying currently to give you a comparable insurance coverage.
Here are my favorite pages for auto insurance quotes...
InsureMe Auto Insurance Quotes
Hometown Auto Insurance Quotes
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Chimezirim Odimba writes on insurance.
Article Source: http://EzineArticles.com/?expert=Chimezirim_Chinecherem_Odimba
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