When you are relocating to another state, you may need to switch auto insurance providers if there is no office or agent in your new area. Some auto insurance companies do have licensed agents in other states, so you will need to find out who your new insurance agent would be if you stayed with your current insurance provider. If you decide to switch companies, you may need to go through a lengthy application process to get a completely new insurance plan and cancel your current account.
Here are some important changes and things to consider about your car insurance when moving out of state:
Switching Your Car Insurance Policy
If you won’t have access to a licensed agent from your existing auto insurance provider in your new state, you will need to switch insurance companies and learn about the state’s minimum liability insurance requirements. Find out if your new state requires personal injury protection, underinsured or uninsured motorist coverage, and other types of auto insurance plans.
Updating Your Policy and Account Information
When you purchase a new house, go from being single to married, or are acquiring new vehicles when you move out of state, you will need to update your insurance policy account holder information. Your car insurance provider will review your account status and may change your premium based on your these significant life changes. It’s important to get in touch with your insurance agent as soon as possible so that you can update your account with the latest information.
Canceling an Existing Policy
If you need to cancel your existing car insurance policy, you will need to submit a notice of cancellation to your current insurer before you move out of state. This will ensure that you are not paying for premiums that you no longer need. The requirements for canceling a policy vary by insurer, so it’s important to determine what the policy cancellation process is as early in the moving process as possible. The most important thing to remember is that you do not want any lapse in coverage. When you are moving out of state and are preparing to sign on with a new auto insurance provider, you need to make sure that you still have some type of coverage from your previous insurer, or another insurer, during the transition.
The price of your car insurance premium may go up or down depending on the location you are moving to, your credit history and a number of other factors used to calculate your premium. Use these tips to make the transition as smooth as possible.