Wednesday, April 21, 2010

For Cheaper Car Insurance, Live Near a Church

From MSN Money.

"A study conducted by Quality Planning, a company that validates policyholder information for car insurance companies, found that people who live within a mile of a religious institution are 10% less likely to have a car accident resulting in property damage. The study, which examined more than 15 million policyholders and 2 million claims, also found that living near a restaurant increases your chances of getting into a car accident by 30%.

"A restaurant is intentionally located in a higher traffic area. You got a lot of cars coming in and out," says Bob U'Ren, the senior vice president of Quality Planning. "Churches are typically in a more open area or a (less congested) neighborhood. So, maybe with the exception of Sunday, the church doesn't attract a lot of traffic."

What if you live near both an elementary school AND a church? Does one negate the other?


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