Planning on moving this year? It's very likely 40 million Americans will do the same. According to information published by the U.S. Census Bureau, 14% of the population moves every year. While the reasons may vary — job opportunities, financial incentives, or just a change in scenery — the insurance implications are numerous across the board. For homeowners and renters, location matters when rates are determined. As natural disasters increase in frequency and severity, this will be one of many factors carriers weigh when writing a homeowner's policy. Repair costs should also be a consideration homeowners and renters factor in when moving in or out of states. Moving to certain states could also mean a greater reliance on driving, while others are more centered around public transportation. Depending on where one moves, auto insurance rates can be relatively cheap, around the median national average, or exorbitantly expensive — as is the case in Louisiana. The type of car driven will also factor into the equation. Related: 10 homeowners' insurance-related resolutions for the new year |

Moving on out (or in)

In 2018, five states saw an influx of new residents while another five waved their residents goodbye, according to North American Van Lines. Their 2018 Migration Report contains data of all state inbound and outbound cash on delivery household moves. Notably, the report says that Northeastern states have consistently seen outbound moves since 2013, while the Southern states have had more inbound moves than some of the other regions. With this in mind, here are the top five inbound states and the top five outbound states in 2018. Related: Top 15 growth states in 2018