My husband and I just sold our house and moved to another state. We plan to build our own home in the new state and are currently renting a house. I was extremely surprised to learn that our auto insurance increased by $200 a year because we are now renting a home instead of owning a home. The insurance already increased by approx. $500 because we moved to another "higher risk" location, which is understandable. But can anyone explain the rationale for asking more in auto insurance because people are renters and not owners of the home? What has that got to do with the auto insurance?
*because when something happens they can sue you for your house.