Monday, 28 November 2005
Does Where You Live Add Dollars To Your Auto Policy?
It’s true. Just like your driving record, where you live impacts how high your auto insurance premiums are. Some cities are deemed by insurers to be at higher risk for everything from theft to traffic-related accidents, so they hike the costs accordingly.
Which cities are the worst? Here’s the 2005 list of most expensive cities for car insurance, courtesy of the Insurance Information Institute.
- Detroit, Michigan - $5,162 (figures based on average auto premiums in these cities)
- Philadelphia, Pennsylvania - $4,142
- Newark, New Jersey - $3,482
- Los Angeles, California - $3,225
- New York City, New York - $3,127
And if you’re lucky, you live in one of the next 5 cities that are the cheapest for car insurance.
- Roanoke, Virginia - $758 (figures based on average auto premiums in these cities)
- Wapakoneta, Ohio - $871
- Chattanooga, Tennessee - $911
- Green Bay, Wisconsin - $948
- Raleigh, North Carolina - $949
For more information, visit the Insurance Information Institute’s website, http://www.iii.org/media/facts/statsbyissue/auto/
Technorati Tags: Auto Insurance
Posted by at 10:35 AM in Auto Insurance
