Auto Accidents Close To Home

"Home Sweet Home" -- Not really when it comes to road accidents. Homes are no longer the haven that we consider them to be because accidents tend to occur when a driver is nearing his or her own home. People are a lot safer when they are quite far away from their homes. This has been proved by a survey conducted by Progressive Insurance. The survey revealed that majority of car crashes occur in the vicinity of one's home. People tend to crash up their car in the roads that surround their homes.

There are a number of factors that Insurance companies consider when they outline their insurance policies. They take in a lot of information to determine what the insurance rates are going to be. So, don't be surprised if Insurance companies dig into information on where you live because this could prove to be a major determinant of the Insurance that you would be charged for your automotive and medical treatment coverage.

Auto insurance, ideally covers property, liability and medical costs. Property costs coverage includes insurance for damage or theft of your car. Liability coverage pays for any legal responsibility to others in case of any bodily injury or property damage. And medical coverage pays for the costs involving treatment of injuries, rehabilitation and at times, even lost wages and funeral expenses. Ideally, any auto insurance policy comprises six different kinds of coverage. Most states require you to buy some of these and ignore the rest. And when you are getting your car on finance, even the lender might have requirements. So to determine the coverage, auto insurance companies evaluate a lot of factors before charging you for the car insurance.

It would seem trivial for certain people, the process of examining and analyzing the information on the number of accidents that occur in the neighborhood. You might think, 'Hell, if it happens here, it might happen anywhere'. Not quite so. It could actually be useful information for Insurance companies. They delve into information like the frequency of accidents and theft occurrence and also the costs of repair and medical treatment. This will give them an idea on how much to charge you for the insurance coverage.

As a part of the survey, Progressive Insurance solicited information from 11,000 of its auto insurance policyholders. These were people who had reported accidents in 2001. They were asked questions like how far from home they were when the accident occurred. A whopping seventy-seven percent of the respondents reported that they were within 15 miles of their homes.

This survey is a reflection of the increase of accident risk when closer to home. However, there is another important factor that needs to be considered while analyzing these results. Progressive Insurance feels that since majority of people drive near home most of the time, it would directly lead to a higher tendency of accidents in the neighborhood. And when you live in an accident-prone area, i.e. if the tendency of accidents is higher in your locality, then it is natural that insurers would assume that your risk is higher. A summary of the survey is described below.

Around 29 percent of the respondents reported that their accidents occurred within 2-5 miles from home. This group constituted the highest. It was closely followed by Twenty-three percent of respondents who reported that they had crashes around 1 mile or less from home. Together, a staggering fifty-two percent reported that accidents occurred less than 5 miles from home. Seventeen percent reported the occurrence of accidents 6 to 10 miles from home. Eight percent said their accidents occurred between 16 and 20 miles from home. Only 17 percent reported that their accidents occurred more than 20 miles from their neighborhood.

In addition to these results, it was also found that --

There is a higher likelihood of an accident when you are 1 mile from home vis-Ã -vis 20 miles from home. Accidents were found to be twice as likely to occur

Of all the respondents, it was found that only one percent reported that the accidents they were involved in took place 50 miles or more from home. It is a direct indicator that the farther you go from home, the lesser is the likelihood of an accident to occur

It was found that the region where the accidents occurred the most in less than 5 miles from home was the Northeast. The Northeast region comprises Connecticut, Maine, New Hampshire, New York, Pennsylvania, Rhode Island, and Vermont. It is closely followed by the Midwest, West, Great Plains, Gulf and Mid-Atlantic. The Midwest region is made up of Iowa, Indiana, Minnesota, and Ohio. The Western region includes Arizona, California, Oregon, and Washington. The Great Plains is made up of Colorado, North Dakota, New Mexico, Oklahoma, South Dakota, Texas, and Utah. The Gulf region comprises Alabama, Florida, and Mississippi and The Mid-Atlantic encompasses Delaware, Washington, D.C., Georgia, Kentucky, Maryland, North Carolina, Virginia, and West Virginia.