insurance

7 ways to drive car insurance up or down

Change of address
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Change of address

Relocating? Whether it's across the country or across the street, a new address can affect your car insurance cost.

"Your premiums can increase significantly if you're moving to a city where the insurer has paid a lot more in accident or theft claims," Lankford says.

The use of a company car also can affect the insurance on your personal car.

Lankford cautions that other factors involving your new address can influence your car insurance as well. For istance, a change in where you park your car overnight -- a garage rather than on the street -- can make a big difference in risk and cost. How it will affect your premium varies from company to company and from one area to another.


 

 

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