You must keep your details updated to keep your car insurance valid (Image: GETTY)
If you fail to keep your personal information updated you could invalidate your car insurance.
Car insurance premiums are calculated using a complex algorithm based on numerous different factors.
It is incredibly important that these things are kept updated and your insurer is informed as changes could mean your policy needs recalculating.
Certain jobs are perceived as being higher risk than others so a change in employment could mean your policy needs readjusting.
This also goes for your address as certain areas are deemed safer than others.
Similarly, at one property you may have a garage to stop your car and your new accommodation may have on the road parking which could make the car more at risk of damage and theft.
Matt Oliver, from GoCompare Car Insurance, explains how important it is to keep your insurer informed of any changes and the consequences for failing to do so.
He said to Express.co.uk: “Being lumped with a £1,000 fine by the DVLA for failing to change address or job title is something few drivers would welcome, but the costs could stretch even higher when it comes to your car insurance.
“Failing to notify your insurer of changes to circumstances, including your job or address, could result in you being refused when claiming on your insurance.
“A change of postcode will see your premium fluctuate due to factors like crime rate, risk of accident and how built up the area is, so it’s essential you are keeping your insurer up to date, as they need to assess the risk of your vehicle and adjust your premium accordingly.
“A change of job could see your title change, and certain job titles will carry higher or lower risk factors than others – so you would see your premium fluctuating to reflect this.
Your address is one of the key factors used to calculate your premium (Image: GETTY)
“Another thing to bear in mind is a change in address could result in a change of parking for your car.
“If you’re used to parking on a street, say, but will now be parking on a drive, there’s a good chance your premium will go down.
“Whereas, if you’re losing driveway or garage parking because of a move, expect your premium to suffer as a result.”