Big-city living seems to draw people in easily. With the promise of job opportunities, a multitude of food choices, and plenty of activities around every corner, it’s easy to see why the city could seem so tempting.

Along with all those fantastic pros, city life also brings a higher cost of living, a higher crime rate, and even higher insurance rates. If you live somewhere with a large population, be prepared to spend the money to do so.

On top of paying more for your living situation, you are also putting yourself at higher risk to be the victim of a crime, and your insurance will expect some compensation for covering you in such a high-risk area. This means you can expect to pay a lot more for coverage in a big city.

Although you might think there is a way around these higher prices, perhaps asking questions like, can you use a different address for car insurance to keep your rates lower? But this is a quick way to get charged with fraud. You won’t find the savings you’re looking for while staying within the city limits.

There is, however, the option of moving away from the city limits and saving yourself the money and headache of living in a largely populated area. Living in a smaller town may be often overlooked, but it can have many benefits compared to big city living.

Lowered Crime Rates in Low-Risk Areas

Packing up a U-Haul and moving to a smaller town doesn’t sound like everyone’s cup of tea. But, it might not be as bad as you initially think. Although they may not offer the city’s flashing lights, low-risk areas do make up for their lack of grandeur. The tradeoff for less hustle and bustle is a much lower crime rate.

Typically, a large city will have double the property crime rate of a smaller town and residents are four times more likely to be the victim of a violent crime. That’s a big difference when you’re considering your safety.

It can be scary to worry that someone will break into your house in the middle of the night. Or that your car isn’t safe sitting out in your driveway. It’s also terrifying to imagine being attacked while walking through the area you call home. When you live in a low-risk area, you don’t have to stress about these possibilities frequently.

Not only are your chances of crime lower due to decreased population, but there is typically a sense of community in a smaller town you wouldn’t likely find somewhere larger. People look out for each other in these areas, so if your neighbor notices something suspicious, you can probably expect them to call the police or inform you about it.

You can rest easy knowing if you forgot to lock your car for the night, it’s not a big deal. Or that you don’t need an expensive security system to protect your home from possible intruders. This knowledge can put you and your family’s minds at ease and allow you to feel more relaxed.

Save Money on Insurance In Low-Risk Areas

Understanding that you are far less likely to be the victim of a crime not only puts you at ease but it makes your insurance provider feel better as well.

Since insurance is all about the business of risk, they see living in a less populated area as a huge advantage. When you move to a low-risk area, you can expect to see savings on your home and auto insurance due to your new level of safety.

Home Insurance Savings

The location of your home can play a pivotal role in the cost of its coverage. When you live in an area with a high population, you are automatically at a higher risk for a break-in or damage to your home.

Your insurance sees this as a risk, and they will charge you more to cover the possibility of a crime. Your premiums for home insurance in a big city will be significantly higher than they would be if you moved to a low-risk area.

Auto Insurance Savings

Just as your home insurance provider calculates the crime in your area, so does your auto insurance. Though, they take things even a few steps farther.

They will base your costs on the crime rate where you live, along with the population, amount of intersections, and the likelihood of accidents in the area. Locations that contain more people have more frequent accidents, which causes auto insurance providers to see a much higher risk level insuring someone living in these areas.

Moving to a low-risk area means you are less likely to be the victim of a crime, and the roads are much less populated, so you have a lower chance of being in an auto accident. Your insurance provider will see this as a good thing, and you can expect to pay less for coverage in turn.

Your Cost of Living Decreases in Low-Risk Areas

Living in a big city is expensive. It’s the payoff for the convenience they provide. Many people want to live close to everything, so they are willing to pay the money.

Although it is undoubtedly easier to live in a large area if you’re someone who enjoys eating out often or having a plethora of entertainment available, your wallet may not appreciate the costs.

Moving to a low-risk area not only saves you money on your insurance coverage, but your overall cost of living will significantly decrease. Everything from housing to groceries typically costs less in lower populated areas.

This means you can likely afford more living somewhere smaller compared to big city life. If you prefer more room to roam for you, your kids, or even your pets, a low-risk area can allow you to get the space you desire for a lower price. And what you do with that space is completely up to you. From creating a garden for your children to building the outdoor entertainment area you’ve always wanted, the options are much more when you have the budget and space.

Less Risk and More Reward in Smaller Areas

Although it can be difficult to leave behind the flashiness and convenience of a big city, your savings and safety will benefit greatly. You can expect far lower insurance rates, a lower cost of living, and a considerable increase in your security when you decide to move into a low-cost area.

Both living locations have their pros and cons. However, if savings and safety are at the top of your priority list, you won’t find many benefits to high-risk living. Instead, you will find all you’re looking for, and maybe even more, when you move to a low-risk area.

Alexandra Arcand writes and researches for the car insurance comparison site, CarInsuranceCompanies.net. She decided years ago to make the move from the city to a small-town living. She loves the safety benefits and overall savings her new location offers.

Moving to A Low-Risk, Safer Area = Insurance Savings