How Does Your Address Affect Car Insurance?
The 'know how' to know how does your address affect car insurance in Tucson is the next step in understanding car insurance and the secrets to finding affordable quotes online. Knowing how your zip code affects your insurance costs is something that's both smart and potentially very important.
How does your address affect car insurance in Tucson? That is a question that Tucson residents face every day in the lead up to getting their new policy. Like most people, when the sun sets on a new car policy you move on to the next one that comes along.
After a few years of having the same auto insurance policy your new vehicle may get the axe because you no longer need it. And while you are still trying to sort through all the different offers out there, you'll be happy to know that if you have a recent change of address, you might want to consider doing some shopping around for a better policy. If you do this, you'll find that you can save money.
When you're young and healthy and driving around a brand new car on your own, it makes sense to keep your insurance at its lowest possible rate. In fact it makes perfect sense that you would take advantage of cheaper rates. However, as you age and your health begins to decline, your insurance should go up.
There are a number of reasons why your address can affect how much you pay for your car insurance. For instance, there's the age of the vehicle, your driving record, your location, your gender, your marital status, your credit history, and your credit score.
Age: A car that's less than three years old is usually given a discount because it's seen as being less safe and as a result safer cars generally cost less in insurance. The same goes for sports utility vehicles (SUVs), because they're also considered to be safer.
Driving Record: If you've had a good driving record for a long time, you might be able to get a discount based on years of experience. Also, having two or more years of clean driving history has been shown to give you an edge when shopping for insurance.
Location: While females are generally given a bigger discount for their gender, it doesn't always work out that way. For example, if you're married and live in a populated area, your husband might drive your car while you get the discount for being married.
Marital Status: Married couples usually get a break for having the same income. The reason for this is that people who have a bigger income usually have a safer driving record and are therefore less likely to be involved in accidents.
Credit History: Finally, someone with a good credit history will be given a lower rate than someone with a bad credit score. The idea behind this is that a person with a good credit history is less likely to default on their payments.
Of course, a couple years ago the reverse was true. But now things have changed, and since many people now have poor credit scores, they're much more likely to be turned down for a loan.
Knowing how does your address affects your rate has been discussed by many drivers, and by those in the insurance industry. However, it's not just someone who buys a new car or is going to move soon who needs to be aware of this information.