I'd guess that your insurance company would find out about it either way.
Here in Michigan, a new law just took effect where if you're an out-of-state driver and don't have a local address, the police officer is required to SEIZE YOUR LICENSE and issue you a temporary Michigan license until you pay your ticket. At that point, you'll get your license mailed back to you. Not sure if it's for every traffic offense or just based on officer discretion (i.e. you don't look like you're going to pay the ticket).
If you don't pay the ticket at all, your license will be suspended, even though it's out of state. Law enforcement computer networks straddle state lines.
This is actually occurring...I just ran across a seized license at work the other day.