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Are Accidents More Likely To Occur Closer To Home?
If you are going to be involved in an accident, chances are it will happen close to your home. Progressive Insurance polled 11,000 of its policyholders who experienced accidents in 2001. They found that 52% were involved in accidents within five miles from there home and 69% were involved in accidents within ten miles from their home. Only 17% of those polled experienced accidents beyond twenty miles from his or her home (Strillacci, 2002). To some people, this is major news and would deter them from driving. I would hope this statistic would not do this to you. I anticipate this article will actually give you confidence in driving short, and long, distances from your home as well as show you the important role insurance plays in our lives. As I already showed statistically, you are likely to get into an accident within 10 miles from your home. Before this scares you into never driving again take a moment to think about that statistic. It makes sense. For most people, their 'comfort zone' is close to home. People usually grocery shop, go to church and go to work within a few miles of their home. And when you compare that amount of people to the amount of drivers who travel for a living or drive long distances to see relatives or for vacation, you can see how that statistic came about. Now, knowing that the statistic is skewed, the next question to answer is 'Will it make sense to drive longer distances to go grocery shopping, to go to work, to go to church, etc.?' In order to answer that question, you need to address the needs of time and money. You will also need to address the perils of driving shorter distances versus driving longer distances. Before you extend your 'comfort zone' of driving, you have to analyze your costs of time and money. If you wish to drive further to meet your needs, you may have to wake up earlier, get home later, go to bed earlier, spend less time with your family, etc. And, if you wish to drive further to go grocery shopping, you will have to consider bringing a cooler to keep your cold food from spoiling until you get home. Other additional costs include adding mileage to your vehicle. This extra mileage lowers your vehicle's re-sale value. It increases the frequency of oil changes and tire changes. It also increases the chances of having other engine problems with your vehicle. Another cost to consider is the ever-increasing cost of gasoline. Before you extend your normal driving 'zone,' you will also need to evaluate the perils you will face in driving short and longer distances. Some of the dangers of driving within ten miles of your home include sharing the road with people with short attention spans. These people are running an errand and are only going four blocks from where they live. People may not be wearing safety belts. Again, many may have a false sense of security since they are not traveling a long distance from their home. Another concern that affects some is if it is really rainy out, flash flooding can become an issue. When you drive longer distances however, you also face hazards. For example, you are sharing the road with people who may be sleep-deprived. You may be sharing the road with people who have become mesmerized from their long trip; and as a result they are in a hypnotic state that causes their senses to become dulled. And as you probably have seen many times you may also be sharing the road with someone going the speed of Jean-Luc Picard of the Enterprise. It might not make sense to extend your 'comfort zone' due to time and money restraints. Even if you can extend your 'comfort zone', regardless of the costs of time and money, you still face perils and the possibility of being involved in an accident. What do you do? Make sure your insured. Insurance is known as 'risk transference.' With insurance, you are transferring the risk of financial loss that comes with an accident to the insurance company. As to which insurance company to use and how much insurance to purchase, that is another article in itself. Just do the necessary research, and purchase as much insurance as you can afford. And, as a result of transferring your risk, you are left with the peace of mind knowing that regardless of the distance you are driving and the perils you are facing, you will be covered for the limits you chose to purchase. So, the next time you are leaving to go four blocks to run an errand and someone reminds you of the statistic that accidents usually occur within ten miles of your home, smile for two reasons. First, knowing that you are going to face perils on the road regardless of the distance you are driving. And, second, knowing that with your insurance you are transferring the risk to the insurance company for the limits you chose to purchase. Reference: Strillacci, L. (2004, November). Car Accidents Tend to Occur Close to Home. Retrieved December 22, 2003 from http://info.insure.com/auto/collision/accidentlocation502.html Visit http://www.carinsurance.com for Auto Insurance Specialist John Machmiller is a representative of CarInsurance.com. You can visit CarInsurance.com at http://www.carinsurance.com or contact them at 1-877-327-8728. CarInsurance.com's online insurance marketplace gives an opportunity to consumers and to insurance companies. We offer the ability to shop for car insurance online. Consumers can receive quotes from many insurance companies, in some states you are able to purchase your insurance instantly, online. You don't have to drive your car to buy car insurance. Buy online... anytime!
Latest News:Site: Yahoo! News Search Results for news Futures flat; Lehman buyout news, data awaited (Reuters via Yahoo! News) Stock index futures were little changed on Friday as investors awaited news on the fate of Lehman Brothers after a slide in its stock this week heightened fears over whether the investment bank can survive. Myanmar's Suu Kyi to get family letters, news mags (Reuters via Yahoo! News) Detained Myanmar opposition leader Aung San Suu Kyi has managed to wring small concessions from the ruling generals in the form of letters from her family and some international news magazines, her lawyer said on Friday. SEC Looks Into UAL Stock Scare; Implications For Online News? (CBS News) A ton of digits have been devoted to this in other spots but the SEC's decision to investigate takes it to another level. The backstory: a six-year-old news story about UAL declaring bankruptcy made it into the Tribune-owned Sun-Sentinel 's current news flow, was picked up by a Google (NSDQ: GOOG) News bot and, via a reporter for a newsletter, made it onto Bloomberg News. After a lot of buck ... JCDecaux in talks for News Outdoor Group in Russia (AP via Yahoo! News) French outdoor advertising firm JCDecaux SA said Thursday it is negotiating to buy Russian rival News Outdoor Group from global media company News Corp. News Corp tightens grip on Premiere with new CEO (Reuters via Yahoo! News) Rupert Murdoch tightened his grip on German pay-TV broadcaster Premiere by appointing News Corp executive Mark Williams as CEO in a move to get the company back on track. Phila. mayor to announce grim budget news (The Philadelphia Inquirer) The Nutter administration is expected to announce grim budget news today, which is all but certain to lead to significant spending cuts - perhaps as high as 10 percent - in some city departments, according to three sources familiar with the budget. Help News pick Stadium's greatest moment (New York Daily News) The News is marking the countdown to the final game at The House That Ruth Built by reflecting on Yankee Stadium's greatest moments - and we're asking you - the reader - to help us pick out the best of the best. JCDecaux and News Corp. in talks to combine outdoor ad groups (International Herald Tribune) The News Corp. chief executive, Rupert Murdoch, has recently expressed nervousness about investments in Russia, where News Outdoor generated the bulk of its revenue last year. SEC Looks Into UAL Stock Scare; Implications For Online News? (paidContent.org via Yahoo! Finance) A ton of digits have been devoted to this in other spots but the SEC's decision to investigate takes it to another level. The backstory: a six-year-old news story about UAL declaring bankruptcy made it into the Tribune-owned Sun-Sentinel's current news flow, was picked up by a Google News bot and, via a reporter for a newsletter, made it onto Bloomberg News. JCDecaux in talks to buy News Corp. billboard unit (AP via Yahoo! Finance) In a deal that would create the world's largest outdoor advertising company, French conglomerate JCDecaux SA said Thursday that it is in talks to buy Russian rival News Outdoor Group from global media company News Corp. Site: news - Google News Australia, New Zealand Dollars Advance as Stocks Poised to Gain - Bloomberg
MORE RESOURCES: Site: Yahoo! News Search Results for insurance NC insurance commissioner orders lower auto rates (AP via Yahoo! Finance) North Carolina State Insurance Commissioner Jim Long on Thursday rejected an industry request for an almost 13 percent increase in auto rates and has ordered a reduction instead. Auto-insurance rates in N.C. ordered cut by 16.1 percent (Winston-Salem Journal) N.C. Insurance Commissioner Jim Long rejected yesterday an industry request for an almost 13 percent increase in auto rates and has ordered a reduction instead. Survey: Insurance Industry Expects Subprime Issues to Negatively Impact 2009 Performance (Insurance Journal) Insurance executives expect subprime and other credit issues to continue to have a significantly negative impact on the industry's financial performance in 2009, and they see credit and pricing risks Nevada Names Baker Acting Insurance Commissioner (Insurance Journal) The Nevada Department of Business & Industry named Betty C. Baker acting commissioner of the Division of Insurance. Baker will oversee the Division while a replacement is sought for Alice Molasky-Arma Here's the lowdown on 'private' bank and broker insurance (USA Today) Q: I've noticed several banks and brokerage firms claiming they have private insurance that protects accounts above the FDIC and SIPC limits. Should investors trust those promises? State unemployment insurance claims up (Macon Telegraph) The Georgia Department of Labor announced Thursday that 59,090 laid-off workers filed first-time claims for unemployment insurance benefits in August, an increase of 72.1 percent from August 2007, but a slight decrease from July to August this year. Fitch Ratings Gives Island Insurance an "Aq" (Insurance Journal) Island Insurance Co. Ltd., Hawaii's largest locally owned and managed property and casualty insurance carrier, has reaffirmed its "Aq" rating for Quantitative Insurer Financial Strength (Q-IFS) by Fit Looking for Free or Low-cost Health Insurance? (Carteret County News-Times) (ARA) - It's no secret that accessing health care is a challenge for the 47 million Americans who are uninsured. Lack of health insurance forces many Americans to choose the health care they receive based on what they can afford, not what they actually need. Uganda: Health Insurance May Face NSSF Fate (AllAfrica.com) The government has finally resolved that all salaried workers and employers, will with effect from July 2009, be required to make compulsory contributions to the new National Social Health Insurance Scheme. The net inflow from life insurance companies into equity stood at Rs550bn till March 31, 2008 , foreign institutional ... (India Infoline) The life insurance industry was the largest investor in the Indian equity markets, ahead of foreign institutional investors and mutual funds, according to the reports. Site: insurance - Google News Insurance brokers EPIC and Arthur J. Gallagher settle lawsuit - Bizjournals.com
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