Advice for clients' insurance needs
For insurance agents and brokers, knowing where Americans are moving can help them better provide advice on their clients' insurance needs, whether they're going to become homeowners or renters, or add a property to their portfolio. Where and how often people are driving is another factor that may have an impact on auto insurance. For instance, if clients are moving to or out of a big city, changing their chosen mode of transportation. Related: 10 U.S. cities with spookiest and most stressful commutes United classifies states as "high inbound" if 55% or more of the moves are going into a state, "high outbound" if 55% or more moves were coming out of a state or "balanced" if the difference between inbound and outbound is negligible. The Mountain West was the most popular destination for retirees with 1 in 4 movers indicating they chose to move to this location for retirement. Top regions attracting movers taking new jobs included the Midwest (61%) and Pacific West (59%). United categorized their top 10 list of states Americans moved to in 2017 by identifying the percentage of moves from out of state, as opposed to moves from within the state. For example, a move from Texas to Alabama, as opposed to a move from Birmingham, Alabama to Tuscaloosa, Alabama. Related: 6 homeowners' policy endorsements agents and brokers need to know
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