Change of address3 of 8Relocating? Whether it's across the country or across the street, a new address can affect your car insurance cost."Your premiums can increase significantly if you're moving to a city where the insurer has paid a lot more in accident or theft claims," Lankford says.The use of a company car also can affect the insurance on your personal car.Lankford cautions that other factors involving your new address can influence your car insurance as well. For istance, a change in where you park your car overnight -- a garage rather than on the street -- can make a big difference in risk and cost. How it will affect your premium varies from company to company and from one area to another. Related Articles:Cut car insurance ratesPay as you drive6 auto insurance potholesABCs of auto insuranceRelated Links:Low premiums on some carsLand a cheap auto policy5 insurance must-havesSteps to take in car accident advertisement
Relocating? Whether it's across the country or across the street, a new address can affect your car insurance cost.
"Your premiums can increase significantly if you're moving to a city where the insurer has paid a lot more in accident or theft claims," Lankford says.
The use of a company car also can affect the insurance on your personal car.
Lankford cautions that other factors involving your new address can influence your car insurance as well. For istance, a change in where you park your car overnight -- a garage rather than on the street -- can make a big difference in risk and cost. How it will affect your premium varies from company to company and from one area to another.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.
By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.