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Quote Unquote – Vol. 12.9

April 26, 2012

Q) Will my car insurance rate increase if I move to a new area?

A) It all depends on where you are moving to. Most insurance companies use the postal code as part of their rating criteria and certain postal codes have higher claim statistics than others. Each insurance company charges a different rate on an area based on the number of claims received in that particular area. It’s a good idea to shop around for car insurance quotes to see what (if any) impact your move may have on your insurance rate.

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