The Best Type of Car Insurance to Get if You Live in a High-Crime Area
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When configuring your car insurance premium, insurance companies take into account the rate of theft and vandalism in your ZIP code. Fortunately, as this article outlines, you do have a few options at your disposal when you’re trying to lower car insurance premiums if you live in an area with a higher crime rate.
Crimes That Can Affect Your Car Insurance Premiums
Search sites such as CityProtect, NeighborhoodScout, and SpotCrime to determine the crime rate in an area you might move to. Some of the crimes that car insurance companies take into account when figuring out premiums for high-crime areas include:
Burglaries: Burglary can occur when someone breaks into your vehicle to steal items such as a car stereo, personal belongings, or any other items that your vehicle contains.
Fraud: Insurance fraud happens anytime a car owner makes a false claim on their insurance policy.
Theft: Areas with a lot of stolen vehicles tend to tout higher insurance premiums. This problem becomes even greater if you own a frequently stolen car such as a Honda, Toyota, or full-size pickup.
Vandalism: Acts of vandalism include damage to your vehicle, such as a hit-and-run, a broken window, or graffiti on your car.
Most and Least Expensive Areas to Live in
High-crime areas in the U.S. are usually locations with large populations. Other places that exhibit a high crime rate include areas where drug-related offenses have become a problem.
The following two charts from Leavitt Group show the most and least expensive areas in the U.S. for car insurance premiums due to high or low crime rates.
|Most Expensive Areas for Car Insurance|
|2||Brooklyn, New York|
|4||Providence, Rhode Island|
|5||New Orleans, Louisiana|
|6||Los Angeles, California|
|Least Expensive Areas for Car Insurance|
|1||Green Springs, Ohio|
|2||Arden, North Carolina|
|6||Lake Havasu City, Arizona|
|7||West Lafayette, Indiana|
|9||Concord, New Hampshire|
How to Cut Your Car Insurance Premiums if You Live in an Area with a High Crime Rate
When living in a high-crime area, you have a few options to lower your premiums:
Raise your deductible: Raising your deductible represents a risky proposition if you live in an area with a high crime rate. On one hand, you pay lower premiums with a higher deductible; on the other hand, you have greater odds of suffering from vandalism and having to pay the deductible as part of the claims process. Raising your deductible can lower your premium by as much as 9.75% nationwide.
Choose the right make and model: When buying a car, avoid those on the list of the most stolen vehicles in the U.S. The makes and models beloved by thieves include:
- Honda Civic
- Honda Accord
- Ford full-size pickup
- Chevrolet full-size pickup
- Toyota Camry
- Dodge full-size pickup
- Toyota Corolla
- Nissan Altima
- Dodge Caravan
- Chevrolet Impala
Compare options: When looking for car insurance, make sure to shop around at different companies to get a better deal. Getting a few quotes from a few different companies can help you save on your premiums, especially when it comes to comprehensive coverage, which represents the type of insurance that covers vandalism, vehicle break-ins, and vehicle thefts.
Living in an area with a high-crime rate can cost you when it comes to your car insurance premium. Luckily, you can take these steps to help reduce how much you pay.