How Does Crime Rate Impact My Auto Insurance Rate?

Crime Rate and Your Car Insurance Policy 

Many people are surprised to discover that crime rate can significantly impact your auto insurance on Long Island, NY even if you have, thankfully, never been a victim of car crime. When you’re looking for your next auto insurance policy, it’s wise to consider how the local crime rate impacts the price you pay for a policy.

Auto insurers will look at a variety of different factors when determining how much an individual should pay for auto insurance. From their age, profession, driving history, vehicle make and model, and credit score, insurers look at hundreds of factors that tell them how risky a certain individual is to insure. Insurers also look at your address and area statistics. If there is a high crime rate in your ZIP code, you can expect to pay more in premiums.

Your ZIP code may have high rates of crime-related car insurance claims, including:

  • Vandalism
  • Break-ins
  • Accident rates
  • Car theft
  • Fender benders
  • Hit and runs

All of these factors impact insurance premiums. Quite simply, living in an area that has a higher-than-average crime rate, the higher the auto insurance rate will be. You may be tempted to change your address on your policy to your work’s ZIP code or a friend’s house if these areas have a lower crime rate. Note that doing so could be classified as insurance fraud. The insurer should know where the vehicle is parked overnight, which is most likely your home address. Lying on an insurance application could result in fines and dropped coverage. A good insurer will work with you to find an affordable policy that suits your needs – and home address.

When you’re looking for quality car insurance, trust the experts at Premier Risk, LLC. We have years of experience matching the right auto policy to the motorist, tailoring it to your needs, budget, and vehicle. Contact us today on Long Island, New York to get started!

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