What You Need to Do With Your Car Insurance When You Move
Whether you’re just moving across town or to a different state, there are a lot of steps involved that are not limited to just moving your personal belongings. You also need to update your information with several different companies, such as your credit card provider, bank, utility companies and your car insurance provider.
Even if the current drivers and vehicles on your insurance policy remain the same after your move, it’s still necessary to contact your agent, so your plan can be correctly updated. A lot of factors can affect your car insurance coverage once you move, so it’s important that you are aware of them before becoming vulnerable.
Saving Money on Car Insurance When You Move
When you move, the best way to save money on your car insurance is to inform yourself of all the areas coverage option. You might come across a company you’ve never heard of, that meets your needs and is offering a discount. It’s especially important to review all your options if you’re moving to an area that has higher than average premiums, such as a city.
You might think that your current car insurance provider is offering you a fair price in your new area, but you still need to shop around for other premiums. Some online sites allow you to build, customize, compare and purchase a car insurance policy in minutes. Throughout the quote process, you will be offered the assistance of professional car insurance agents, making this a relatively painless experience.
Avoiding “Coverage Gaps” While Moving
It is illegal in the US to drive without car insurance, so if you’re switching or renewing your car insurance policy, you need to do this before you move, to avoid any sanctions. To prevent gaps in car insurance coverage, don’t cancel your existing policy without having lined up a new policy.
Factors That Affect Your Car Insurance Rates When You Move
State Insurance Requirements: Every state has their car insurance requirements, which determine which coverage and minimums your policy needs. These requirements impact the total cost of your insurance, so while you may be saving on insurance by moving to a cheaper state or area, make sure that you’re fully covered to avoid any potential debt, lawsuits or charges.
New Zip Code: Your zip code affects how much you pay for auto insurance, as zip codes assist car insurance providers in adjusting for certain risk factors, such as crime rates, natural disasters and the amount of traffic. Taking these risk factors into account, you will have a higher premium if you live in a city, as there is a higher percentage of accidents, traffic, crime, etc.
Life Changes: Moving can bring a lot of changes to your daily life. Significant changes in your policy members or driving habits mean that your coverage will need to be adjusted. Some of the major life changes you need to take into account are:
● Purchasing a new car
● Buying a new home
● Variations in the drivers covered by your policy
Call Ed Cuellar for any Information you need about Car Insurance in San Antonio