Car Insurance Rates Vary By ZIP Code

Not only does your gender, age and driving record influence your auto insurance rates, but so does the neighborhood in which you live. It is common knowledge that some neighborhoods have higher crime rates than others, meaning that your car is at a higher risk for theft or vandalism. Auto insurers take this into consideration when they calculate your insurance premium, charging you more if you live in a high crime area.

When you move, make sure you update your insurance policy so you carry the correct amount of coverage. If you move into a better neighborhood, this could result in a decrease in your insurance rate. Regardless of whether your are moving up or down, make sure your insurer knows about it so you are carrying the correct amount of insurance for your place of residence.