Can Fender Benders Raise Home Insurance Rates?
A preponderance of fender-benders and speeding tickets could add to some consumers’ insurance rates – not just on auto policies, but for a homeowners policy, too.
A new Allstate product, House & Home, looks at prospective customers’ driving records and auto insurance claims when determining rates for a homeowners insurance policy. According to the Chicago Tribune, Allstate documents for its agents state, “Research shows there is a strong correlation between auto and homeowners’ losses and that a person’s driving history can be a predictor of an individual’s loss potential with their home." Click here to read the full article.