Drivers are Safest Near Church, Study Says
A study, analyzing 15 million auto insurance policies and 2 million claims to examine the relationship between where a vehicle owner lives and the likelihood of being involved in an auto accident.
Drivers are safest near a church, according to a study released earlier last week.
Quality Planning Corp., a San Francisco-based risk assessment firm, conducted a study, analyzing 15 million auto insurance policies and 2 million claims to examine the relationship between where a vehicle owner lives and the likelihood of being involved in an auto accident.
Findings revealed that people who live near a church are 10 percent less likely to have an accident resulting in property damage claim. Living within a mile of restaurants, grocery stores, schools and banks, however, are found to be the riskiest places for auto accidents. Those who reside within a close proximity of a restaurant are 30 percent more likely to be in an accident compared to drivers who live within a mile of a church.
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Daniel Finnegan, QPC's chief executive, concluded, "By and large, your risks go way up when you are living closer to busy gathering points."
Insurance companies have historically based policyholders' rates on their ZIP code, which are too broad to accurately predict property/casualty insurance losses, the QPC study concluded.
QPC, founded in 1985, is a member of the Insurance Services Office and works with insurance companies to identify areas of significant premium leakage.
