High Point is a manufacturing town located in the Piedmont Triad region of North Carolina. It is known for its high quality furniture, but is also a major center for bus manufacturing. There are three different universities in the city, which brings a large number of young drivers to the roads. This can affect insurance rates since drivers under 25 post the highest claims risk to insurance companies. However, we know that students have more reasons than anyone to try to find low insurance rates! If you’re a student, or just a resident looking to save some money, take a few minutes to look over the choices for cheap insurance High Point’s agents can offer.
Here are other factors that affect your rates in High Point:
- Population growth: The city has seen a lot of growth over the last decade. This forces insurance companies to revise their rates as the population density changes. It also means more drivers and more cars on the roads and a higher accident rate.
- Crime: The crime rate in the city is slightly higher than the national average, especially when it comes to property crimes. There were slightly less than three hundred cars stolen in 2012, which is the highest rate in the past four years. If you’ve been wondering why your full coverage premiums have gone up, that could be one explanation.
- Population Density: The neighborhoods northwest of I-85 are the most densely populated, which can affect the rates for liability and full coverage. This is something to keep in mind if you are moving.