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How Moving Affects Your Michigan Auto Insurance

 

It can be exciting to move to a new home, but it also can be frustrating and tiresome. Your life as a whole is affected by the move, but you may not realize that your Michigan auto insurance may also be greatly affected by this move. Here are some things you must consider concerning your Michigan auto insurance when you do move.

 

Inform Your Michigan Auto Insurance Company of Your Move

If you move, you must inform your Michigan auto insurance company as soon as possible. Because your address helps to determine your auto insurance rates, you may render your policy null and void if you are involved in an accident and have not reported your new address.

 

Know the Michigan Auto Insurance Minimum Requirements

If you are moving from another state into Michigan, then the first thing you are going to want to be aware of are the minimum requirements for auto insurance. In Michigan, you are required to have at least the following auto insurance policies and limits:

 

• $20,000 for personal injury liability per person
• $40,000 for personal injury liability per accident
• $10,000 for personal property liability per accident
• Personal injury protection for medical costs
• Personal injury protection for loss of work

 

You may be looking to get more Michigan auto insurance coverage than what is listed here, but if you have older car and only want liability insurance, then you will need to purchase at least the above requirements.

 

Change of Address May Mean Change in Michigan Auto Insurance Premiums

Whether you are moving within the state or moving into the state from outside, your new address will more than likely result in a change in your auto insurance premiums. Michigan as a whole has higher than average auto insurance rates, so if you are moving from another state you may experience higher auto insurance premiums.

If you are moving from within the state, your Michigan auto insurance rates may change due to you moving from an urban area to a rural area or vice versa. Michigan auto insurance is generally cheaper in rural areas than in urban areas as the risk is less.

 

Change of Marital Status May Mean Change in Michigan Auto Insurance Premiums

One of the more common reasons for a move is marriage. If you are moving because you have recently gotten married, then you could see a change in your Michigan auto insurance rates for the better. Married couples generally pay less for auto insurance than single individuals. Also, you may be able to join your two Michigan auto insurance policies into one policy and then receive a multiple vehicle discount on the one policy.

 

Method of Garaging Vehicles May Change Your Michigan Auto Insurance Rates

By moving you may have to change the way you garage your vehicle(s). If you previously had to park on the street at your former home, but can now park your car in garage, a discount may be available to you. Theft and vandalism are more likely to happen on the street than in a garage or even in a driveway. Although, you may also be able to get a discount on your Michigan auto insurance if you park in a driveway versus the street.

 

How Much You Have to Drive May Change Your Michigan Auto Insurance Rates

Your move to a new address may mean a shorter or longer commute to work. It may even remove the need for a commute as you may be close enough to take the train or subway. If you have cut down on how much you have to drive, you may be in line for a Michigan auto insurance discount.

It doesn't have to be only your work in this instance, if you are now closer to your child's school or places you normally drive to such as the grocery store or even your parents home, you could still save a little money on your Michigan auto insurance.

 

Moving Means an Evaluation of Your Michigan Auto Insurance

As you have noticed, your circumstances can change more than you think when you move. There is no better time to make an evaluation of your Michigan auto insurance than at this time. After you have gotten settled in to your new home, take a few minutes to go online and get some Michigan auto insurance quotes to compare them with what your current Michigan auto insurance company is offering.

Michigan auto insurance companies weigh various factors differently and what may have been the most affordable auto insurance company before the move, may no longer be. It only takes a few minutes to gather several Michigan auto insurance quotes and you may find that you can save a bundle of cash.

 

 

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