Does Living in an Area with High Accident Rates Impact Your Rates

| May 7, 2019

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The biggest factors impacting how much you pay for auto insurance are you and your driving habits. However, other factors can impact what you pay. If you live in a high-risk area, the insurance company may raise your costs. In some situations, this is nothing you can change. Yet, there may be a few ways to reduce your costs further. Keep a few key things in mind. Why Are Rates Higher in Accident-risk Areas? High-speed freeways and busy intersections create more opportunities for accidents. If you lived in an area with limited traffic, however, it is less likely you will be in a high-speed accident with another driver. High-speed accidents are usually the most expensive for insurers to pay out. Insurers generally have to charge those in high-risk areas more, in order to pay for those cost risks. Considering this, contact your auto insurance agent. Inquire about risk factors in your area. This may come down to where you live, where you travel, and the type of vehicle you own. Be sure your policy matches the needs you have here.

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Vasek Insurance Services Ltd

At Vasek we understand the day-to-day needs and challenges of the modern insurance intermediary, that’s why our approach to insurance is flexible and adaptable.

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Vasek Insurance Services Ltd

At Vasek we understand the day-to-day needs and challenges of the modern insurance intermediary, that’s why our approach to insurance is flexible and adaptable.

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