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Car Insurance or Automobile Insurance is a must for every vehicle owner but the scariest part of car insurance is that premiums rise year after year while the value of the car itself undergoes depreciation. Yet it is imperative for vehicles to have insurance to give the owner a cushion against losses due to accident, damages due to weather or unexpected elements.
For many citizens wondering why car insurance rates are peaking, the reason is as simple as the ZIP code. The five-digit location identifier seems to make a dramatic impact on car insurance premiums, varying from a few hundreds of dollars to even thousands. The average car owner is totally unaware of how much his residence location can make a difference. Insurance companies use the ZIP code to analyze data such as - how many claims originate from that area due to accidents, theft, vandalism etc.
It seems that moving home a few miles, sometimes even in the same city, can save an average American quite a packet on car insurance coverage.
Car Insurance or Automobile Insurance is a must for every vehicle owner but the scariest part of car insurance is that premiums rise year after year while the value of the car itself undergoes depreciation. Yet it is imperative for vehicles to have insurance to give the owner a cushion against losses due to accident, damages due to weather or unexpected elements.
For many citizens wondering why car insurance rates are peaking, the reason is as simple as the ZIP code. The five-digit location identifier seems to make a dramatic impact on car insurance premiums, varying from a few hundreds of dollars to even thousands. The average car owner is totally unaware of how much his residence location can make a difference. Insurance companies use the ZIP code to analyze data such as - how many claims originate from that area due to accidents, theft, vandalism etc.
It seems that moving home a few miles, sometimes even in the same city, can save an average American quite a packet on car insurance coverage.
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