How to Avoid a Messy Breakup With Your Car Insurance Company
Posted by C.A.F. Insurance Solutions on
Let’s say you’ve been with your auto insurance company for a few years and don’t give your policy — or your rate — a whole lot of thought.
Don’t get too comfortable! You might be missing out on a better deal with another insurer that offers lower rates or more car insurance discounts that you qualify for.
With so many insurers competing for your business, making a change can make good financial sense.
Here are eight steps to a successful switch.
1. Review your current policy
Don’t get into the habit of just automatically renewing your policy time after time. Go over your coverage and compare prices at least once a year, so you can feel confident you’re still getting the lowest possible rate.
Double-check your deductibles (what you have to pay out of pocket for repairs before your insurance kicks in), whether it’s smart to continue carrying collision or comprehensive coverage, and what discounts you’re getting.
These details will be available on your information or declarations page at the front of your policy paperwork, or on a coverage summary tab when you log in to your insurer’s website.
2. Shop around for the best deal
With so many national and regional auto insurance companies out there, the internet is your insurance research friend.
Visit insurers’ websites and answer a few simple questions about your car, your location and your driving record to get an initial quote. Take a look at the discounts offered by each company, because those can vary.
If it’s looking pretty clear that your insurance carrier isn’t competitive, make a list of your top alternatives. Don’t be afraid to go with a smaller insurer if it has the best rates.