Highlighting a recent analysis from Insurance.com, an auto insurance comparison site, a new article from The Wall Street Journal indicates that people who own homes might be better drivers.
Insurers have long observed that, on average, drivers who own their homes file fewer auto-insurance claims than renters. And, in fact, many companies take homeownership into account when calculating a customer’s premiums, says Des Toups, managing editor of Insurance.com
Most likely to file an auto claim are drivers between 18 and 24 who live with their parents. According to Insurance.com data, 24.4% of drivers in this group have filed a claim in the past three years. Meanwhile, 19.7% of renters 18 to 24 have filed a claim, while 17.6% of homeowners 18 to 24 have filed a claim.
