When to Change Your Auto Insurance When Moving

Should auto insurance be moved to the same company as home owners insurance?

One of the first things people do when they move is purchase a new home owner's or renter's insurance policy for their new home. This is an excellent opportunity to inquire about auto discounts that may be available. When asking about auto insurance discounts after moving, consumers should make sure to focus on discounts that result from the recent change.

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One of the discounts insurance companies and agents commonly offer is a multi-line discount. A multi-line discount is a reduction based on the person having multiple types of insurance policies with the same company. The most common policy types that have multi-line discounts applied are property insurances such as home owner's insurance and auto insurance.

Other discounts to ask about include those given for indoor storage. Some companies offer discounts based on where a vehicle is parked overnight. A car that is parked in a locked garage has a lower risk of being stolen than one parked on the street.

If the person has moved from being a renter to being a homeowner, they should also ask about auto insurance discounts offered for taking on the new responsibility of homeownership.

Last Updated 09:08 PM August-30-2011

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