Have you ever shopped for Wisconsin car insurance quotes only find yourself confused about the results? Perhaps shopping for car insurance seems like a game of chance, with the odds unlikely that you will save as much money as some companies claim. While insurers do not reveal the formulas behind their rates, we here at Philleo Agency Insurance believe you deserve transparency. That is why we are uncovering important details about auto insurance premiums that you may not have heard before. Continue reading to find out what some insurers don’t want you to know.
Insurance Quotes Can Vary Between Cities and Zip Codes
If you are lucky enough to live right here in the great town of Brookfield, chances are your premiums are lower than those who live in the city. The average driver in our suburban area pays approximately $893 for car insurance. A big move, however, could cost you. Average car insurance rates in the 53202 zip code of Milwaukee average $1,136 – a 27 percent higher premium.
Insurance companies micro-analyze geographical data to determine which areas pose the greatest risk of inducing a claim. Often, zip codes with high crime rates or elevated traffic patterns will cost more to insure a vehicle in than those in small, safe towns or rural areas.
Using Your Garage Might Lower Your Rates
Garages are a major part of U.S. home architecture. According to the Metropolitan Builders Association, more than four in five of today’s newly built homes contain a two or three-car garage. However, the Association also notes that the appeal for garages is not necessarily to park vehicles in, but to generate more storage space. If you are like many Americans, you might use your garage to store lawn equipment and other items, opting to park your vehicle in the driveway or on the road. What you may not know is that doing so could be costing you more money in premiums.
Many insurance companies consider vehicles parked on the road to be at high-risk of being sideswiped by another vehicle. Even a vehicle parked safely in your driveway could be exposed to dangerous elements and other hazards, such as vandalism or falling trees. By clearing out space and parking in a locked garage, you may find that some insurance companies will offer you lower rates for coverage.
Maturity Matters…A Lot
Most insurance companies equate maturity with safety. It is no secret that new, young drivers are at higher risk of being involved in a collision. While you may already know that turning 25 could qualify you for lower car insurance quotes, you may not be aware that age is not the only determining factor when an insurance company evaluates your level of maturity. For example, women pay an average of nine percent less for car insurance than men do, which can equate to a savings of $10,000 or more over the course of a lifetime. Furthermore, Forbes cites that a married, college-educated woman with a clean driving history and a high credit score is at an even greater advantage.
While you may not want to rush out and get married just to qualify for lower car insurance quotes, you can take steps to clean up your credit report, prevent future claims and avoid blemishes on your driving record. As an added perk, some insurance companies may further reward you with lower quotes on coverage once you turn 50.
For more information about coverage or to request your free Wisconsin car insurance quotes, contact our helpful team here at Philleo Agency Insurance.