* Your insurance policy may be invalid: Many insurance policies require you to notify your insurer of a change of address within a certain timeframe (often 30 days). Failing to do so could void your coverage. If you get into an accident, your claim could be denied.
* You could be fined: Some states have laws requiring drivers to maintain insurance that's valid in that state. Driving with out-of-state insurance that hasn't been properly updated could result in fines or other penalties.
* You could face higher premiums: When you finally do update your insurance, the company may charge higher premiums because of the lapse in proper coverage. They might view it as a lapse in continuous coverage.
* You may lack appropriate coverage: Insurance requirements vary by state. Your out-of-state policy might not meet the minimum coverage requirements of your new state, leaving you significantly underinsured. This is especially problematic if you're involved in an accident.
* You might have difficulty renewing your driver's license: Some states require proof of insurance to renew a driver's license. Your out-of-state policy might not satisfy this requirement.
In short, immediately contact your insurance company to update your address and ensure your policy remains valid in your new state. Failure to do so exposes you to significant financial and legal risks. You might even need to obtain a new policy with an insurer licensed in your new state.
