What is a new address discount?

Whether you’re getting ready to move or you already have, you may be asking yourself, “What is a new address discount?” or “What happens if I don’t change my address on my car insurance?”

The truth is, you won’t find a new address discount offered by car insurance companies. Additionally, you are required to update your address as soon as you move.

While there is no specific discount for a new address, there are plenty of other discounts you likely qualify for. Reviewing car insurance by state can tell you what rate changes you can expect if you’re moving to a new location. However, comparing multiple companies will ensure the best rates.

When you’re ready to compare rates for your new address, enter your ZIP code here for free, quick quotes from various car insurance companies.

How does changing your address affect car insurance?

There are many factors that play a role in figuring out what your exact rates will be for car insurance. Car insurance companies figure out how big of a risk they are taking by insuring you. Your rates are determined by your risk level.

Where you live impacts your rates. Things like how much traffic is in the area or how many accidents involving deer will affect how much you are paying. Moving can mean an increase or decrease in your car insurance cost. Other factors that impact your rates other than location are:

• Age
• Annual Mileage
• Credit Score
• Claims
• Driving Record

Knowing that where you live may increase your rates may have you wondering, “What happens if I don’t change my address on my car insurance?” The answer, you would be committing fraud. You must inform your car insurance company as soon as you relocate permanently.

What are the most important car insurance discounts to ask for?

Just because there aren’t any new address car insurance discount rates, doesn’t mean you should ignore other available discounts. Most car insurance companies will have a variety of discounts to help lower your rates.

There are similar discounts with many companies. However, some offer some pretty unique ones. Here is a look at the best discounts offered by various providers.

As you can see, there are a plethora of discounts out there that can save you a bundle on your car insurance. Geico and Progressive car insurance companies tend to offer some of the best discounts. They also keep coming up with new ones to help their customers save money.

Ready to get great discounts and affordable car insurance rates without a new address car insurance discount? Enter your ZIP code now and compare what a variety of companies have to offer.