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Insurance Rates and Urban Sprawl

From: The Environment Report
Length: 00:03:54

Higher insurance rates in urban areas are a factor in driving people to the suburbs. Read the full description.
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Insurance Rates and Urban Sprawl
From
The Environment Report

Urbansprawl_small If you live in the city, you're paying more for insurance than your friends in the suburbs. Although you might all drive to the same building and they drive farther, you'll pay more, a lot more. Insurance rates for cars and for homes are much higher in the city. It might be a factor in the decision people make to move to the suburbs.

Insurance Rates and Urban Sprawl | 00:03:54

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Piece Description

If you live in the city, you're paying more for insurance than your friends in the suburbs. Although you might all drive to the same building and they drive farther, you'll pay more, a lot more. Insurance rates for cars and for homes are much higher in the city. It might be a factor in the decision people make to move to the suburbs.

Broadcast History

Offered to GLRC stations March 2006.

Transcript

People who live in the city pay higher insurance rates for cars and homes than people in the suburbs. Often it's a lot more. The insurance industry says it?s using the fairest method. The GLRC's Lester Graham reports that method might contribute to urban sprawl:

(Sound of car starting)

We're taking a little drive and Brandi Stoneman is showing me where she used to live. It?s just two-and-a-half miles from where she works. But? she met a guy? they dated? they fell in love? and after a while decided to move in together. His house was bigger. So, Brandi moved from her home near downtown and out to his house 15 miles out into the suburbs.

When she told her insurance agent? she got a surprise. Her auto insurance rates dropped? a lot.

"It almost was in half when they?when I told them I?d moved and changed and it almost dropped in half. Of course I was excited, but it was amazin...
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http://www.glrc.org/story.php3?story_id=2974

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