Why did my car insurance go up when i moved
If you have ever asked yourself “Why did my car insurance go up when I moved to this neighbourhood?” then you are probably not alone. Everyone who has ever moved house has done this. Most of the time, it is because your car insurance is higher in a new area than it is in your old one.
There are a number of reasons why your car insurance could have gone up when you moved to a different area. First, you have more risk in driving a vehicle that you already have a policy on. You may be a higher risk to the insurance company because you drive faster than the speed limit, or you might have been involved in an accident that they have deemed to be your fault. The companies will take all these things into consideration before they increase your premium.
Another reason why your car insurance went up when i moved to this neighbourhood is that it is close to a school. School zones are often very high risk areas, and if there are a lot of cars around, your premiums will go up. This is common with schools, because a lot of students will congregate in one area.
A third reason why did my car insurance go up when i moved to this area? Some people rent houses and let out their garages to other tenants. When they move out, they leave their cars and equipment, and that attracts burglars and thieves. If your garage is left unlocked, then it becomes more of a target for criminals. As a result, you can expect your car insurance to go up when you move to a different neighbourhood.
The fourth reason why did my car insurance go up when i moved to this neighbourhood? The weather. It is hot in Toronto, especially in the summertime. If you are driving around in a hot vehicle, chances are you are going to have to pay more than you would in a cooler climate. Obviously, this wouldn’t apply if you lived in a different city or state.
Lastly, the layout of your home plays a large role in why did my car insurance go up when i moved to this neighbourhood? Living in a high-rise building makes your home a target for criminal activity. Your vehicle, while being parked away from the building’s door, is less secure because it is on the second or third floor of a high-rise building. That means that someone is less likely to break in and steal your vehicle. This type of security should be a consideration when looking at which home you should purchase.
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You can also read – why is car insurance so expensive for new drivers
