What is a garaging address?

If you have a car insurance policy, it’s important that you know what a garaging address is and how it could possibly impact you.

So, what does a garaging address mean? The concept it very simple – it’s where your car is parked majority of the time. For most people, that’s the same place they live.

But for others, especially those who are retired, this answer could be more complicated. Often, older, retired couples (affectionately referred to as “snowbirds”), like to travel to warmer places during the cold, winter months.

For these people, their garaging address could either be the place they live during the winter, or the place they live during the summer.

If this is the case for you – your garaging address would simply be where you spend more time throughout the year.

You might not think it – but where your garaging address is located could make difference on your car insurance rates.

Car insurance rates are based on where the location of your car is majority of the time. If your garaging address is in an urban location with a lot of traffic and higher crime rates, your rate is likely to be a bit higher.

However, if you’re garaging address is in a location that is more rural, with lower-crime rates, your rate could be lower.
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Because your car insurance rates are affected, you should always keep your garaging address up to date, especially if you move. Be sure to contact your insurance provider to keep your information updated.