What is Really Behind Your Auto Insurance Rate?
There are many factors that come together when creating your auto insurance premium. We cover almost all of it over here at theinsurancehackers.com. But did you know out of all the factors the one that has the biggest impact on your auto insurance premium, is your location? We’re going to show you how this is true with some of the different neighborhoods across Florida. So if you live in any parts of Northern Florida, even the slightest move from one area to the next can increase your insurance premium.
Interviewed is Amanda Fowler, he moved to Atlantic Beach and his car insurance jumped more than $150 which evidently made him switch insurance carriers.
“I used to live in Neptune Beach, which is 32266,” Fowler said. “Across the road is 32233, and when I moved over there my rates went up, and they claim it’s from the area, more accidents.”
Expert city auto insurance base we’re asked why insurance would be more expensive in one area than the other. It is sad that congestion is one of the biggest factors. A licensed Insurance expert from Thezebra.com says “As a rule, if one area is more congested than the other that’s densely populated, car insurance is going to be more expensive there because there are more people on the road.”
The test has been done with an average 30-year-old male who drives a 2014 Honda Accord EX. Living in Florida they have the third-highest insurance rate, and if you live in Jacksonville Florida you should be expecting to pay 30% higher average done with the national.
Out of all the testing done it was proven that the zip code of 32205 has the highest insurance rate across Florida. They’re averaging about $2,060 a year on auto insurance. All I got was 32207, where their rates were about $2,055 a year. And just behind that, the third most expensive zip code in Florida is 32208 which accumulates to a rate of $2,049 a year.
I know you said that location is one of the biggest factors that come to your insurance premium, but they’re slightly other factors that are involved as well. Typically women have higher insurance rates simply because they’re more likely to file a claim than men. Also one factor it comes into play is also the occupation of the driver. Depending on what you do for a living in your insurance premiums can vary.
Put it in perspective if you’re a 50-year-old male single with an average car and your occupation is one either an engineer or a teacher this can affect your insurance rate.
Alyssa Connelly who is with the zebra.com and who is a licensed insurance agent States “People like lawyers or engineers are likely to pay a little bit less for car insurance compared to the people who make a little less money, versus the people who are unemployed,”
If you’re ever in our position with your insurance rates Skyrocket it is recommended by experts to call your insurance company and fight back. You should always find the cause us to the increase in your insurance premium. Given that there could be two outcomes:
- Adjusting your insurance premium back to where it was.
- Not budging
Out of the two scenarios above, if you’re presented with the second one, it’s recommended that you start shopping around. Check out how car insurance commercials and your declaration page to help save you money on car insurance. Cruz says if it’s risen once it’s also possible it will rise again.