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Auto Insurance Zip Codes Matter

December 4, 2008 by Jonathan Stein

No, not for rating reasons. At least, not this time. When you complete your insurance application, you have to list the zip code where the vehicle will be garaged. This is information the insurance company uses.

When you move, you need to let the insurance company know. This may be a temporary move. For example, maybe you move for college. Or, your child goes off to college. You need to let the insurance company know. Maybe it is a permanent move and you have a PO Box for your mailing, but you move from zip code 12345 to 12346. It may not seem like much, but it is important.

What happens if you do not notify the insurer of your move? Your claim could be denied. The insurance company will consider it a “material misrepresentation.” This means they can deny your claim and even cancel your policy.

Make sure you give the insurance company this information as the potential downside outweighs the amount of time it will take to give it to them.

Categories: Auto Insurance, Consumer Issues, Current Affairs, Insurance Operations

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