When applying for car insurance is it better to say you own or rent?

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When applying for car insurance is it better to say you own or rent?

Why does matter, I both own and rent, but I wanted to know which it the better option.

2007-10-29 04:57:55 · 3 answers · asked by Jack Daniels 2 in Cars & Transportation ➔ Insurance & Registration

3 answers

Insurance companies will usually have lower rates for owners of a house rather than renters....owners typically are more stable, are more cautious drivers as they have more to lose and have good credit scores to be able to buy a house. It's all in the numbers.

2007-10-29 05:43:14 · answer #1 · answered by paul h 7 · 2⤊ 0⤋

It never mattered to me when I got my car insurance. Just tell the truth.

2007-10-29 12:05:32 · answer #2 · answered by EchosOfAngels 3 · 0⤊ 0⤋

It doesn't matter - I've never seen a rate difference between owners or renters.

2007-10-29 14:33:25 · answer #3 · answered by Anonymous 7 · 0⤊ 0⤋