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Have you ever moved and called your car insurance company to inform it of your new address only to find your insurance bill to be either slightly more or slightly less expensive the following month. The fact is that insurance companies will charge different rates depending on the home address of the policyholder, and this applies not only to car insurance but also to contents insurance. It is therefore important to understand a change of address and its effect on home contents insurance.Clearly there are some parts of town where a loss is more likely to occur than others. Neighborhoods with a high crime rate put the homeowner or renter at a greater risk of theft and also make it probable that the insurance company will have to pay for claims in that area. To compensate for the increased costs, the company will charge residents of those neighborhoods a higher rate. So those who do not want to pay more for their contents insurance than they are already paying should inquire as to whether their rate will go up if their address changes.If a person does decide to move to a new home or apartment, then he or she should contact their insurance company right away to register the change of address. Many companies will not pay for claims at the new address if the resident’s property is still assigned to the older address, and no one wants to move, forget to change his or her address with the insurance company and then find out that a theft at the new property that occurs the day of the move will not be covered.