Why Is Auto Insurance In Baltimore So Expensive?
Auto insurance in any inner city in America is very expensive but the case of Eastern United States is a different ball game. States like New York, New Jersey and Maryland have some of the highest car insurance rates in the country. So what is really driving the high rates? And that is a fair question! So where ever there is high population density, the propensity for accidents, thefts are higher and claims and losses are higher and the end result is that someone has to pay for all the money that the insurance company is constantly paying out. Its therefore no surprise that the further that you move from the inner city, the lower your car insurance cost. There are definitely other risk factors that drive auto rates in the inner city. Even if you are a perfect risk for an insurance company with very low risk tolerance like , licensed for over 30 years, and has always been insured with other insurance companies, never had a moving violation or claim in over 30 years, have a 800 credit score, married and own a home. This is the picture of a perfect risk for a low risk tolerance company. Even with this perfect scenario, you will pay more in the inner city that you would in very less populated areas. This is one of the reason that your auto is very expensive in the inner city. Drive Safe!
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