car insurance

[nextqueen]

we have moved house so should i let my car insurance people know and also as its a 'nicer' area, do they usually reduce your premium if its less round here?

[redcrx]

you should let them know immediately.

Not sure about getting any refund, have you already paid the policy up to date? or do you pay monthly.

[samak]

If it's a nicer area you will probably get a refund if you've paid in advance. Backdate the day you moved as far as you can... :-)

[nextqueen]

i pay monthly, im unsure if i should open my mouth. we still own the other property where i had insurance originally.

[woofgang]

Yes you must tell them they can be devils for not coughing up on the basis that you have withheld information.

[evil__sheep]

yep, when i mov ed i got a refund

[redcrx]

you have to tell them of any change. chances are you wont need to pay anything more if, as you say, its a better insurance area.

[bookbinder]

If you don't tell them your new address, and then you make a claim, they will get out of paying immediately. Some insurance companies will use any excuse to get out of paying out.

[ladybirder]

If you keep your car at your new address then yes you must tell them immediately. You may get a refund. When I moved to Hove I had to pay more!

[Postdog]

I moved to a better area. It didn't go up much (I also got a way better car) but I had an admin charge. As I think has been said though, they should be told whatever.

[flip_flop]

Bookbinder is wrong - If you are absolutely sure the area is better and therefore the risk to the insurer is reduced then strictly speaking an insurer will not be able to refuse a payout.

This is because nobody is under any obligation to their insurer to disclose a fact which reduces risk.

From a practical point of view you should, of course, otherwise when your policy is due for renewal the renewal notice will go to your old address.

[woozer]

Just because it is a "nicer" area to live in does not mean it is a lower insurance area. Amongst other thisngs, the area will be rated on the number of claims that the insurer deals with for the post code you are in - thieves quite often steal cars from "nicer" areas as they tend to have better cars - so the premium may go up and you would be penalised if you had not told your insurer. I dont know if flip-flop is completely right but youwould need a crystal ball to work out if the area is regarded as better or worse by your insurer - the only way is to tell em