We all know that there are many factors that can affect your auto insurance costs. Some of the more obvious determinants are:
- Gender and Age. Young male drivers are typically the most expensive to insure, especially if they have any type of mark on their driver's record.
- Driving Record. Tickets, accidents, being caught driving while under the influence of drugs or alcohol¦they all add up and translate into higher auto insurance costs.
- Miscellaneous Discounts. If you are a good student, if you have safety features installed on your car, if you have low mileage on your car, if you are a senior, if you are in the military¦all of these can mean discounts on your auto insurance costs.But, did you know that where you live and what you drive may also impact your auto insurance costs?
Location, Location, Location
It's a fact, auto insurance rates in rural communities are almost always lower than those in large urban centers. Accidents tend to happen much more frequently in big cities, usually due to the high amount of cars on the road (AKA: Traffic!)
Certain states have higher insurance rates than others due to the percentage of claims filed. States like New Jersey, Washington D.C., New York and Massachusetts typically have the highest average insurance rates.
It can also cost more to settle claims in certain areas, and this can add to the cost of your insurance premiums. Expensive cars cost more to repair or replace, and wealthy urban communities will sometimes have higher average insurance rates. ...
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