👉 Insurance Zip Code Rating! It's like an insurance company putting their own personal rating system on the pricing of your home insurance policy. Like they would have a zip code for each zip code in New York City, with higher numbers representing better coverage and lower numbers representing higher risk.
Example Sentence: "I'm getting a rate increase because my insurance Zip Code is 50413." That's right, insurance company wants to know how much you've been paying. So they check your last year of premium history, then factor in your ZIP code, and it seems like your rates have gone up. So next time you're shopping for an insurance policy, don't get caught by the insurance company trying to put their own ratings on the premiums. It's just a little game of juggling zip codes!
