Why does your location affect your car insurance premium?
Your location is one of many factors that affect your premium. Other factors may include your car, your claims history and many more.
When you take out car insurance, your provider might also consider these other location-related factors:
- The address where your car is kept overnight.
- The number of kilometres your car travels on average each year.
- Where your car is usually parked during the day.
Does a change of address affect car insurance?
Yes, in many cases, a change of address can affect your car insurance. When you move, your insurer will reassess the risk level of your new location. This can include factors like traffic density, theft rates, weather exposure, and where your car is parked overnight.
Does moving house put your car at risk of underinsurance?
When you move house, your to-do list can get pretty lengthy.
Remember, if you’re moving interstate you’ll need to update your registration and check if you need to purchase Compulsory Third Party Insurance (CTP).
How can I change my car insurance location?
If you move house, it’s important to update your insurer as soon as possible. In most cases, changing your address on your car insurance policy is simple. If you’re with AAMI you can simply, do it online via the AAMI App or your My Account.
Failing to update your address for an extended period could potentially impact future claims.
Save money by getting a quote online
With the rising cost of living, we’re all trying to save some extra money where we can. Luckily, you can receive a $50 discount on your AAMI Comprehensive Car Insurance policy when you get a quote and purchase it online.
Don’t forget to review your cover regularly
Review your cover regularly to ensure that it continues to suit your needs. If you experience lifestyle changes—like moving house or upgrading your vehicle—you should inform us as soon as possible, as your excess or premium may change.
Insurance issued by AAI Limited ABN 48 005 297 807 trading as AAMI. Read the relevant Product Disclosure Statement before purchasing this insurance. The Target Market Determination is also available. Any advice has been prepared without taking into account your particular objectives, financial situation or needs, so you should consider whether it is appropriate for you before acting on it.
The information is intended to be of general nature only. Subject to any rights you may have under any law, we do not accept any legal responsibility for any loss or damage, including loss of business or profits or any other indirect loss, incurred as a result of reliance upon the information. Please make your own enquiries.