How Your Zip Code Can Change Your Auto Insurance Rate

LAS VEGAS - Oct. 11, 2022 - PRLog -- Your auto insurance premium is calculated based on a myriad of factors. Some of these factors are within your control, such as how many claims you've filed, whether you've had any lapses in auto insurance coverage and how clean your driving record is, and many use a "soft hit" to determine your credit history. Other factors are outside of your control and are seemingly unrelated to your driving, including your gender, age and whether you own or rent your home.

In addition to personal factors, there's another big variable that plays into your auto insurance premium: your zip code.

When determining your rate, your auto insurance company looks at the claims history within your region. Some geographic regions have a higher volume of claims than others, even within the same city.  For that reason, drivers within different areas of a state, city, or zip code, can pay different premiums. Someone living in Northern Nevada may pay very different rates than someone living in Southern Nevada, with the exact same coverage. This may seem terribly unfair, but it's based on claims history and many other factors.

Regional Factors That Increase Auto Insurance Rates
When it comes to how your demographics affect what you pay for auto insurance coverage, ultimately, it comes down to what types of losses and how many losses your auto insurance company has paid out in your region. Some common regional rating factors for auto insurance include:
♦ Number of vehicles stolen
♦ Number of property theft claims
♦ Fraudulent injuries claims
♦ Vandalism claims
♦ Natural disasters

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Nevada Insurance Enrollment
4260 W. Craig Road suite #150-A
North Las Vegas, NV 89032
(702) 898-0554
Website: NevadaInsuranceEnrollment.com