Insurance companies make their profits by being able to estimate the risk of you having an accident and making a claim. At one level, this is a matter of common sense. Suppose you live out in the depths of Kansas where you rarely see more than one vehicle an hour on some of the country roads. In such a quiet environment, the chances of you being involved in a collision with another vehicle are small. There’s a still a risk of you running off an empty road and hitting a fence post or tree, but that’s hopefully not too high a probability given your eyesight and driving ability. Now relocate yourself into a large city where there’s traffic on the road around the clock. Worse, at peak commuting hours, the volume of vehicles is significant and, with everyone anxious to get into work or back home, corners are cut and accidents happen. Now move into the night. This is the time many party animals come on to the road and, for a number of dangerous hours, there’s a real risk of someone with an excess amount of alcohol or drugs in their bloodstream crashing into your vehicle.
Big Cities And Pay-As-You-Drive Policies
With the improvement of technology, it’s now possible to achieve real savings if you prove you drive only a few miles a week at off-peak times. This offers highly affordable cover to seniors, homemakers and the unemployed. So long as you are prepared to sacrifice some of your privacy by having the insurer monitor when and where you drive, you can save up to 40% on the usual auto insurance quotes in big cities for someone of your age and experience.
Every year, the National Insurance Crime Bureau (NICB) publishes national and state statistics showing which makes and models are stolen, and which cities have the highest theft rates. For the record, there has been a steady decline in the number of vehicles stolen over the last year years and 2011 saw the lowest number of thefts since 1967 with […]