I live in the DC area and I’m trying to figure out the pros and cons of living in the Virginia or Maryland suburbs. I heard a rumor that if I move to Maryland, my insurance company will jack up the rates. Does that sound right? Why would the rates be higher just because I cross the state line?
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April 5, 2010 @ 3:59 am
there is no one answer since rates have too many variables. go onlin to a car insurance company and enter your data for both locations. i can tell you for sure your cost of living and taxes will be higher. i live herenow and have lived in five other states that were much lower. maryland ranks fifth highest in the nation.
April 5, 2010 @ 4:40 am
Your insurance company is the only one that will know that…just ask them and tell them why you are asking …they will help you. It is really very easy they just need both zip codes..
And yes it is very possible for rates to vary from state to state depending on the accid ratio for the area you live in….the insurance fraud they have and if they have alot of uninsured drivers that area….plus whether it is “the city” or the “country” makes a difference in rates also…less accidents in the country cause roads are not as congested, etc.
I would say location and driving history are 2 of the major factors when it comes to insurance….
Come on to Florida…your rates will triple…promise.:)
April 5, 2010 @ 5:33 am
The only way you’ll know is to get some quotes. So much depends on you: your age, your driving record, your car, your credit score – insurance companies quote different rates on all these variables so you won’t know until you do some research.
Go to this website, get as many quotes as you can (at least 4-5) in Virginia/Maryland and compare them with what you have. I hope this helps.
Good luck!