Are you paying more for your car insurance in KC? Why yes, study says
You're not imagining things, apparently.
A study by The Zebra recently found auto insurance rates are "at an all-time high" in
The Zebra describes itself as a search engine for people looking to compare car insurance quotes.
According to its study, drivers on average currently pay
So why do insurance rates go up in
This is what the company had to say in a statement:
"
On the other hand, the study suggests
The study estimates that the average American will end up paying
The Zebra said it conducted its study by using its proprietary quote engine, comprising data from insurance rating platforms and public rate filings from 2011 to late 2017. It looked at millions of insurance rates across every ZIP code in the country "to explore trends for specific auto insurance rating factors."
Those rating factors typically include the driver's age, gender, driving record, financial behaviors and vehicles themselves. For the study, The Zebra said it used a base risk profile of a 30-year-old single male driving a 2013 Honda Accord EX with a good driving history and coverage limits of
External factors to take into consideration also include state and local laws, population changes, the number of uninsured drivers on the road, fraud and crime rates and the weather.
Generally speaking, it's no surprise premiums have risen since 2011, said
"Urban areas normally pay higher prices than rural areas, for congestion, theft rates and value of property and so on," Right said. "Nationwide,
Right also points out that vehicles from seven years ago are different from vehicles today, as they are equipped with more advanced features such as back-up cameras, sensors, heads-up displays and auto braking technologies. Some of these added technologies would be more costly to repair or replace, though in the Zebra's study, it found that newer safety devices seem to have "little impact on insurance rates."
According to The Zebra's report, the following 10 Kansas City ZIP codes pay the most for car insurance: 64123, 64124, 64109, 64127, 64130, 64128, 64120, 64132, 64125, 64102.
In the same study, The Zebra shared 11 ZIP codes in the greater
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