Auto insurance can be affected by divorce

While thinking about who gets the house or custody of children in a divorce, those involved should also not forget about auto insurance.

The Insurance Information Institute (III) notes cars also play a role, as a couple divvies up vehicle ownership. This could have an effect on auto insurance policies and premiums.

For example, multi-car discounts may end if the vehicles are covered under separate policies. Moving to a new location may also change the monthly premium amount.

"If you or your spouse changes your address, you should get a separate auto policy immediately," the III said. "And if either of you needs to buy a new car, you should arrange for a new auto policy before the car is registered."

Similar changes may occur for other insurance products, including life or property policies. Having children involved could also complicate things.

According to the Centers for Disease Control and Prevention, the divorce rate declined in 2009 to 3.4 per 1,000 people.