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Biloxi, Missouri Auto Insurance

Drivers in Biloxi, MS, tend to pay higher car insurance rates because of the higher than average crime rates in the area. When crime rates are elevated, insurance companies tend to charge more for their coverage because there is a higher risk of a car being stolen or vandalized. Many of the factors involved in determining an individual's insurance payments are based on averages and trends for the geographic area. The crime rate is one of the most important risk factors to consider.

Biloxi Crime Rates Nearly Double National Average

Overall crime rate statistics show an average of 3,465 crimes for every 1,000 people living in America. In Biloxi, that average rate jumps to 6,279 crimes for every 1,000 people. Although the state of Mississippi's crime rate is only slightly higher than the national average, Biloxi itself well exceeds the national numbers. Insurance companies can't ignore a crime rate comparison that is that impressive. Even though crime may not be a problem in every area of Biloxi, insurance rates will reflect the city's overall crime rate. Every driver in Biloxi will end up paying more for their car insurance than drivers in cities with lower crime rates.

How Crime Impacts Car Insurance Rates

Insurance rates take into account the possible risk that a driver will need to file a claim. When the claim risk is high, the insurance rates are high. Since the insurance company would have to pay for a claim if a car is stolen or damaged due to criminal activity, a higher crime rate will lead to a higher insurance rate. Insurance companies might consider separate crime rates for different zip codes in the city, which could help keep costs down for those who live in areas that experience fewer criminal acts compared to those who live in higher crime areas.

Large Number of Low Income Neighborhoods

Economically depressed areas of a city are expected to experience more crimes than the affluent areas of town. That means that people who live in areas filled with low-income housing will pay more for their car insurance. Areas filled with people who are struggling to make ends meet are also liable to have more uninsured drivers, which can lead to expensive claims payments for insurance companies. Even though the people who live in these areas have fewer resources to pay for their car insurance, they tend to have some of the highest payments.

Keeping Your Insurance Costs Down

When you live in an area that automatically has higher insurance costs due to something like crime rates, you still have some options for finding less expensive insurance coverage. Comparing rates between three or more companies is a good way to find the most affordable coverage. You should also look for special discounts that you might qualify for, like student discounts or multiple policy discounts. To learn more about your car insurance rates in Biloxi, enter your zip code in the box on this page.

When it comes to getting the lowest cost car insurance you can in Biloxi, Mississippi, you will need to get more than the minimum required in coverage. There are many people who think they have enough coverage just because they have what the state requires, but often is not the case.

The state of Mississippi requires the liability policy to have bodily injury coverage of at least $25,000 per person, $50,000 per accident for two or more people and $25,000 for property damage. This is required by the state of Mississippi and if you intend to drive legally you should try to make certain you have at least this amount or you will be driving illegally.

Yet, when it comes down to it, is this enough insurance for anyone to really have? No, because if you are involved in an accident, you can quickly see just how much more you will need to pay in order to recover from the accident. So, it is an excellent idea to get much more insuran,ce than is required.

Talk to your insurance company and they can advise you on the best amount of coverage to get to avoid paying any of your hard earned money in the event you are in an accident. When it comes to taking the time to talk to them you should certainly consider that it will pay off in the long run and you will benefit greatly because of having the peace of mind that is required to know you are properly insured.

Millions of people each day think they have adequate coverage and they simply do not. So, why not try to see if you do and if not what you can do to make sure your car insurance is what it should be.