While car prices dip lower and gradually come back down to pre-pandemic levels, more Americans are still feeling the financial pinch from car ownership — because of insurance.
Bought a house in 2021, registering my insurance at the new address DOUBLED my rate. $220 a month for 2 cars. No accidents, nothing, just bought a house and changed address.
Most people don’t realize that your address actually has a huge impact on insurance. Moving less than an hour’s drive for me caused a change of nearly $100/month.
Yeah, I moved 12 miles away once and it would have doubled my insurance. I just made a deal with the apartment owners that they would grab my insurance bills and I would keep my address there on insurance forms. I moved from that new place a couple years later into a new apartment, and the insurance was still much higher than my original zip code (though not doubled). I just kept my insurance at the first place for the next 6 years, because there was no impact on a daily basis.
It wasn’t until I bought a house and was forced to change my address for house insurance that I finally “moved” away from that first apartment.
Bought a house in 2021, registering my insurance at the new address DOUBLED my rate. $220 a month for 2 cars. No accidents, nothing, just bought a house and changed address.
Most people don’t realize that your address actually has a huge impact on insurance. Moving less than an hour’s drive for me caused a change of nearly $100/month.
I just moved ~30 minutes away and saved $100/mo as well. Insane difference.
Yeah, I moved 12 miles away once and it would have doubled my insurance. I just made a deal with the apartment owners that they would grab my insurance bills and I would keep my address there on insurance forms. I moved from that new place a couple years later into a new apartment, and the insurance was still much higher than my original zip code (though not doubled). I just kept my insurance at the first place for the next 6 years, because there was no impact on a daily basis.
It wasn’t until I bought a house and was forced to change my address for house insurance that I finally “moved” away from that first apartment.
I did the same and it more than halved it moving from a southern to a northern state.