Experts say that insurers are not only looking to the amount of car-related crime in your zip code (like thefts, vandalism, and break-ins), but some are also looking to trends in medical, litigation, and car-repair costs.For many, using zip codes to assess rates is a point of ...
We pay premiums to transfer some of the financial risk associated with driving to an entity with deeper pockets: a car insurance company. In return, carriers pay for covered claims from accidents and other damage. However, we also share the risk of the road with each other. Insurers evaluate...