There are a lot of things that you will have to worry about when you decide to move. Packing everything into boxes and finding a new abode will stress you out enough not to think about anything else. You will also have to think about things like whether you can retain your driving license and registration in the new state, your phone number, you need to inform every business that you are associated with and also you will need to inform your personal contacts. You will also need to get a new quote for your auto insurance. You have the option of getting one from the current insurance company or you could get a new policy in the new state.
If you are just going to move for less than six months, then you can retain your current insurance policy. You will just have to inform the company about your move and the period for which you will be away. And if the company does not have a branch in the new state, it will get in touch with a sister company to do the needful for you in the new state. And you will have new requirements in the new state that will have to be catered to by the insurance company. Any change in requirements will mean a change in your premium cost.
There are several differences that can be seen from one state to another,
- There are a few states that do not need you to carry any liability insurance.
- There are other states where the limits on coverage will vary.
- There is also what is called ‘no fault’ coverage. This means that even if the other driver is at fault, your insurance will cover you for your damages in the event that the other party is unable or unwilling to readily provide for your damages.
- You will also need to have uninsured motorist coverage in certain states. This means that you will get covered in case the other party does not have insurance coverage.
- There are also certain special requirements for drivers with a bad driving record based on the state in which they reside.
You need to contact your insurance company to find out the requirements in the new state. If it is not possible to satiate these requirements, it is better to go for a new policy with a new company. Try getting gap insurance while you are transferring from one company to another. If you fail to get the requirements checked up, you might end up facing legal complications.
The laws differ between states and you can get into trouble if you don’t think about your insurance before hand. the rates will also vary greatly depending on the requirements. It will be shocking at first to hear about the changes and the cost, but you need to take the time to cater to these changes to prevent getting involved in deep trouble later on. If your new state has low requirements, you can shift immediately. But if it has greater insurance requirements, you can retain your insurance for six months beyond which you need to get a new policy.
