Affordable Car Insurance Rates | Car Accidents - A Problem Close to Home
This is post one of two in a series explaining the implications of living in a neighborhood where car insurance rates are unusually high.
Some people may not realize that one of the defining factors that help determine car insurance rates is where you live. While there are a number of factors that dictate how much you will pay for your premium, location is a big one. Car insurance companies usually take into consideration how many accidents occur in your neighborhood, the level of traffic as well as average number of car thefts that take place in the area you live when determining your rates. The bottom line, as you’ll see below, is that you’re more likely to have an accident when driving near home, and if your area reflects a higher level of risk, then your car insurance rates are going to take a hit.
While you may have heard in the past that the majority of car accidents occur quite close to home, you may not have realized that this is more than just an urban myth. In reality, statistics show that more than 50% of accidents occur within five miles of where a driver lives, and astoundingly more than 75% of all accidents happen within fifteen miles of home. Many are worried about their risk of having an accident on trips away from home but statistics show that only 1% of all automobile accidents occur more than fifty miles from home.
Average Car Insurance Rates best rates car insurance car insurance for young car insurance rates car insurance rates factors car insurance rates for boys and girls car insurance rates for new drivers car insurance rates for teenage drivers car insurance rates for teens car insurance rates male teenager car insurance rates teenager car insurance rates teenagers low rate car insurance teenager car insurance ratesPosted in Average Car Insurance Rates |