The Impact Of Your Location On Auto Insurance Rates In New York – It’s tax time, which means many Australians will be looking at their living expenses and seeing where they can make some changes to save money this financial year.

However, many Australians will be surprised to know that the location of your home can significantly affect the price of your car insurance.

The Impact Of Your Location On Auto Insurance Rates In New York

As a general rule, if it affects the chance of you making a claim, it will affect the price of your premium.

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The location of where you park your car most of the time is one of the most important factors.

From your specific address, to the state you live in or whether you are in a rural or an urban area, these things are all factored into your policy.

For example, car insurance is most expensive in New South Wales and Victoria, while Tasmania is usually the cheapest.

As a result, there are usually more car accidents in general, which increases the risk of claims and therefore the price of premiums.

Insurance Claim Definition

Although you are more likely to have a cheaper premium if you live in a rural area, this is sometimes not always the case as you may have to drive longer distances to get to work, the roads can be in a be in worse shape and you may be more likely to lose a car to bushfires or other hazards than someone who lives in the city.

This takes a number of factors into account, including how wide your street is, if it’s near a dangerous intersection and the crime rate in your area.

While you won’t just pick up the price of car insurance and move home, it’s worth understanding how location can affect the cost of your policy so you can better compare all your options.

About Michael Yardney Michael is a Director of Metropole Property Strategists who help their clients grow, protect and transfer their wealth through independent, unbiased property advice and advocacy. He has again been named Australia’s leading property investment advisor and one of Australia’s 50 Most Influential Thought Leaders. His opinions are regularly featured in the media.

Insurance Companies Offer Discounts For Having Gps Trackers

Why the ALP’s big plan to build 1.2 million homes is destined to fail – a reality check Receive $10 cash back on your total purchase. Offer only applicable if you purchase and activate at the same time. Offer valid at.. Certain exclusions apply: To receive the offer, items ordered must include the purchase of a subscription along with at least one GPS unit. Cashback is only applicable if the device subscription is active for 3 months or 90 days. Not valid in conjunction with any other offer or total store promotion. Offer valid with free shipping offers. No adjustments to previous purchases. Not valid for cash. Offer subject to change and/or termination without notice.

GPS trackers are mostly known for providing location data – real-time as well as historical navigation data. The commercial application of this location data is what makes GPS technology essential in our everyday lives. What was once available to a handful of armed personnel is now used to locate your nearest restaurant and store!

Currently, GPS tracking systems are as necessary for cars and other vehicles as insurance. While one helps reduce the risk, the latter covers it. Furthermore, having a reliable GPS tracking system for your car can reduce your insurance premium expenses.

Before agreeing to cover your car against risks like theft and accidents, car insurance providers check various factors like-

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All of the above factors and more determine the amount of coverage and premium you have to pay. A reliable GPS tracker increases the safety rating of your car exponentially, which is why several insurers offer good deals and discounts on car insurance premiums equipped with a GPS tracker.

We have already discussed the features of a GPS tracker that keep your car safe. And because of the added safety and risk aversion that GPS trackers provide, some insurance companies offer discounts of up to 15%.

The car insurance business is huge and has multiple players. So, being the best car GPS tracker provider in the market, we have done extensive research to find the most suitable insurer for you.

For our research on discounts offered by car insurance companies for tracking devices, we interacted with these 20 top car insurers:

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We also select these two cars of different makes and models to get a better picture. We wanted to see the impact of different cars with GPS trackers on car insurance premiums.

Based on the factors car insurers look at before offering coverage, and the presence of a reliable GPS tracker, here’s what we found:

Here is a list of car insurance companies that recognize the importance of GPS trackers in improving the safety of your car, and therefore also offer good deals on insurance premiums:

In the long run, GPS trackers save money on maintenance, fuel and insurance expenses. No matter which insurance company you choose, a GPS tracker will always be a good investment. It acts as a security blanket for your loved ones and your car against theft, accidents and more. By transmitting real-time location, you can get help in case of emergency. You can also ensure that your car is not used for illegal or unauthorized work. With the driver behavior report, you can train a new driver in safe driving practices. Most importantly, GPS trackers for cars give you much-needed peace of mind and stress-free life.

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The GPS Trackers use advanced, innovative technology to preserve and protect loved ones, pets and valuables 24/7.

The device has a long-lasting rechargeable battery. It can provide real-time tracking and can alert when the geofence boundary is entered or exited.

The company’s portable GPS tracker allows individuals to keep track of anything, anytime, anywhere with the lowest subscription costs in the country. “Expert verified” means that our Financial Review Board has thoroughly evaluated the article for accuracy and clarity. The Review Board consists of a panel of financial experts whose aim is to ensure that our content is always objective and balanced.

Written by Mandy Sleight Written by Mandy SleightArrow Right Contributor, Personal Finance Mandy Sleight has been a licensed insurance agent since 2005. She has three years of experience writing for insurance websites such as , MoneyGeek and The Simple Dollar. Mandy writes about auto, homeowners, renters, life insurance, disability and supplemental insurance products. Connect with Mandy Sleight on Twitter Twitter Connect with Mandy Sleight on LinkedIn Linkedin Connect with Mandy Sleight via Email Email Mandy Sleight

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Edited by Amelia Buckley Edited by Amelia BuckleyArrow Right Editor, Insurance Amelia Buckley is an insurance editor covering auto, home and life insurance. She emphasizes creating informative, engaging and nuanced content to support readers in making personal insurance decisions. Connect with Amelia Buckley on LinkedIn Linkedin Amelia Buckley

Reviewed by Kenneth Chavis IV Reviewed by Kenneth Chavis IVArrow Right Senior Wealth Manager, LourdMurray Kenneth Chavis IV is a senior wealth advisor at Versant Capital Management providing investment management, complex wealth strategy, financial planning and tax advice to business owners, executives, medical doctors, and more . About our review board Kenneth Chavis IV

At we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict

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