Cheap Car Insurance Tip #3: Where you live matters.

Where you live and work also affects how much you pay for your auto insurance. In the world of real estate they say location is everything – well when it comes to your auto insurance premium, where you live, where you park your car at night, and even how far of a commute you have to work on a daily basis can affect how much you pay.

Have you ever wondered why your insurance agent always asks you if your address is correct, or why they always ask you where you park your car at night? Well, the answer is really quite simple. If you are parking on the side of a poorly-lit street in an area that is well-known for gang activity or crime, particularly vehicle theft or vandalism, then your auto insurance costs will be higher than if you are parking in a gated community at night.  Be aware that trying to save money by moving to a lower-cost neighborhood may have hidden costs in other areas like this, affecting your ability to get cheap car insurance.

Also, the neighborhood in which you work plays a role in determining your auto insurance premium, as well. Because you will be parking your insured car for the majority of the day (or night) in this neighborhood, this is another factor that will be taken into consideration by your insurance agent, too.