Some people are drawn to the hustle and bustle of life in the city. For others, the peace and quiet of rural life can't be beat. But even though these lifestyles are very different, they do have one important thing in common — car insurance.
That's right. City mouse or country mouse, we all need it. But what we need and how much we need can vary. So to help you figure out what's best for you — wherever you live — we're breaking it down. Because when insurance is simple, transparent, and affordable, it's surprisingly painless.
And surprisingly painless insurance is exactly what we want to provide our city and country friends.
Does where you live affect car insurance?
Straight answer? Yes. Here's why.
City dwellers have more traffic to contend with. More pedestrians to avoid. And higher car theft and vandalism rates. Which all add up to more risk. But beyond that, these factors also affect which coverages you need.
On the other hand, living in less populated areas can come with its own set of coverage needs. For instance, you may not rack up as many traffic-jam hours as city residents, but you may not have public transportation as a backup. So if you're in an accident, you may need rental coverage to ensure that your day-to-day won't be disrupted.
Point is, regardless of whether you're living in the city, the 'burbs, or the country, you want to make sure you have the right car insurance for you. Here are a few ways you can do just that.
Finding the best car insurance for city dwellers
Living in the city has its share of perks. Great restaurants. Must-see cultural attractions. Public transit that'll get you to or from just about anywhere. But let's be honest. Owning a car in an urban setting can be a hassle.
Good news, though. It doesn't necessarily mean you have to spend an arm and a leg on insurance. There are a few smart ways you can lower your car insurance premium while making sure you're still protected.
How you can save on car insurance in the city:
Park in a safe place
We get it. Finding a "safe place" to park your car in the city isn't always feasible. But if you can find a gated lot, parking garage, or another secure spot, it could lower the chances that a vandal or thief will have their heyday with it. And if you don't have to file a claim, you may qualify for a lower premium.
Install theft deterrents or a GPS recovery system
You may be used to hearing car alarms going off at night. And maybe most of the time, you roll over and go back to sleep. But the fact is, they DO actually deter thieves. And in the unfortunate event that your car is stolen, law enforcement may be able to recover your car if it has an electronic GPS recovery system (e.g. LoJack®, OnStar®, or Teletrac®). That's why some insurers offer a discount if you have approved devices installed. Case in point: with Esurance, qualifying devices could earn you a discount. Depending on where you live, of course.
Add renters coverage to your policy
For many, living in the city means you're renting. That means you may need renters insurance in addition to your car insurance. With Esurance, you can add it to your car insurance policy and get a discount in some states. And save a few bucks for that ramen spot down the street, while you're at it.
Get the best coverage for your city lifestyle
Think about comprehensive and collision coverages
Of course, if you have a car, you need liability coverage that protects you if you injure other drivers or damage their cars. But are you ready to foot the bill if YOUR car gets stolen? Vandalized? Fried by a wayward power line? Comprehensive coverage generally helps you recover when some of those non-collision related situations happen.
And if you regularly sit in stop-and-go traffic, you may eventually find yourself in a fender bender. If that happens, collision coverage will make sure your ride gets fixed and get you back on the road (or back into traffic) quickly. Ugh, traffic.
Do you REALLY need to rent a car?
You may be tempted to add rental coverage to your car insurance. But think about this: do you have public transportation you can rely on if your car's in the shop? If you do, you may be able to lower your rate by skipping rental coverage.
It's all about the deductible
When you're choosing your deductible (aka, the amount you pay out of pocket if you need to use your comprehensive or collision coverage), think about how much you can comfortably afford to pay if an accident happens. If you're comfortable paying a bit more when you need to file a claim, then opting for a higher deductible will earn you a lower premium.
On the other hand, if shelling out a high deductible isn't in your budget, you may want to spend a bit more every month to make sure an accident doesn't clean out your savings.