Will you be relocating?
Relocating certainly isn't reserved to older drivers, but often, empty nesters downsize and retirees head for warmer climates. But regardless of age, moving should mean a call to your insurance agent. According to Baisden, your insurance agent should be one of your first calls when changing your address.
Just as with the price of real estate, auto insurance premiums are heavily influenced by location, location, location. Barry says where the car will "live" is a key factor in premium cost.
The neighborhood in which a car resides is critical, as is whether the car sits overnight in a garage or on the street.
According to Barry, risks increase in urban areas compared with more rural ones. Rates of vandalism, theft and even accidents increase with greater traffic density and all figure into premium costs.
Even if a move doesn't involve another city or state, it could result in higher or lower risk.