why car insurance co. increase your premium, when you inform them change of your address?
Mr. Questionair asked:
i have to pay a 35$ premium extra…because i made a change of address. What happened if i change my address back to the old house to avoid the premium? i only have 3 more months of my contract to the insurance company, plus im planning to buy a different insurance… what’s the consiquences of living in new home but car insurance from old home?
ANDREAS
i have to pay a 35$ premium extra…because i made a change of address. What happened if i change my address back to the old house to avoid the premium? i only have 3 more months of my contract to the insurance company, plus im planning to buy a different insurance… what’s the consiquences of living in new home but car insurance from old home?
ANDREAS
Vince M
Many car insurance companies are in the practice of determining basic rates, not only on the driver’s record, but on the buyer’s zip code. The reasoning behind this is that, in some areas, statistics show a greater number of collisions and claims made. Perhaps the insurance companies believe that bad drivers seem to congregate in certain areas.
In any case, since insurace companies are in the business to make a profit, they can use these statistics to justify whatever they want to charge their customers.
By the way, if you, falsely, reapply under an address that is no longer yours, THEY can, not only deny any claim you make, they can sue you for perjury and who knows what else.
gomanyes
The rate is based on the risk. If there are more accidents or thefts in your new city, you will pay a higher premium.
Lying to them about where you live is fraud. They can deny your claims, so it’s as good as not having insurance. You will have to pay fines as well.