What Happens to Auto Insurance When You Move?

If you have recently moved into the Frederick, MD area, or if you’re considering a move out to another state, you have all sorts of things on your mind. One of the last might be auto insurance. After all, you already have car insurance so there’s no need to worry, right? Not exactly. There are different variables at play when it comes to auto insurance, so whether you currently have Wellspring Insurance Network Inc. coverage or you’re considering auto insurance from another provider, you need to know what happens to auto insurance when you move. 

Where Your Vehicle Is Parked

Where you live changes your insurance coverage. This is because where you park your vehicle while at home will either increase or decrease the chance of damage, theft, or another problem altogether. So knowing your new home address is important. 

Driving Statistics

Different local driving statistics go into determining your monthly rates as well. In some regions, other drivers might be less likely to have auto insurance, or you might not drive as much. It is important to give you the correct coverage for your vehicle wherever you are living. This is true even if you are moving across town or into a neighboring community. So make sure to let your insurance provider know.

The biggest concern when you move is where your vehicle will be on most evenings and when you’re at home. Will the vehicle be parked in a garage, on a busy street, or inside your garage? Additionally, the kind of traffic and accident potential goes into considering your auto insurance. So whether you currently use Wellspring Insurance Network Inc. in Frederick, MD or you’re moving into the area, you need to let your insurance provider know about your move.