Are you moving to a new state and wondering if you need to update your auto insurance policy? Every state has different regulations when it comes to car insurance. While many states require just basic liability insurance, others require you to carry additional coverages like uninsured/underinsured motorist and medical payments. If you’re relocating across state lines, make sure you update your policy to adhere to state laws. Even if required coverage is the same, you might want to shop for a new policy as rates vary according to your zip code. Here are a few tips to keep in mind:
Do Not Terminate Your Policy Before Moving
You should never travel across states without an auto insurance policy; it is illegal. Plus, if you get in an accident during a lapse of coverage, you’ll be financially responsible for any damages you cause. You never know when you’ll into a collision or get pulled over and have no legal coverage. While you can start exploring coverage options before your move, Upside Insurance Greenville suggests waiting until you’re settled into your new home to transfer your coverage. Most states give you a grace period to get new insurance (more on this below).
Register Your Car in the Allotted Time
Most states give new residents between 30-90 days to register their vehicle after moving. To register a car, you’ll need to show proof of insurance that complies with your new home state’s laws. To do this, inform your insurance company of your plans to move a month or two in advance, or shop around for a new policy. They will notify you of any new policies required, and any cost change. Then, after your move, you can switch coverage to comply with laws in your new state. Doing the work ahead of time to find coverage will help you get your car registered in the allotted time.
Start the Search with What You Know
Moving to the unknown state may prove confusing when it comes to looking for car insurance. Therefore, Cover Hound says an excellent place to start is with your current agent. If you’re happy with your current insurer, your agent can look up other agents in your new state that sell similar coverage.
You are required to inform your insurance company of your move, but this doesn’t mean you have to terminate your plan. In fact, your insurance coverage might just need an update to your new address.
Or Start Over with a New Policy
Moving across states is a good time to change insurance companies and potentially lower your premiums. It gives you an opportunity to compare companies available in your new location. Checking online or asking referrals from neighbors is an excellent way to find a new agent.
A lot of changes come with moving to a new state, so take time to understand the regulations of your new state and choose an auto insurance company that’s a good fit for you.