Finding the best deal on quality auto insurance can be a tedious and stressful process.
Many insurance companies will automatically renew your policy when it expires, which is convenient if you are happy with your current coverage, but not taking the time to review your options may be a mistake.
When should you renew your policy?
As your policy renewal date approaches, it is a good idea to review the details of your plan and make any necessary changes. Your premiums may fluctuate due to the following conditions:
- Adding or removing a driver or vehicle
- Increasing mileage on your car
- Making changes to your coverage
If you wish to alter or cancel your policy, you should contact your policy advisor 30 to 45 ahead of the expiration date to avoid automatic renewal and potential fees.
Should you switch insurance companies?
Relationships are essential, and if you have been with the same company for a long time, you may have a strong connection with your insurance agent that you hesitate to give up. Additionally, many companies reward loyal customers with attractive discounts and bonuses, which may entice you to stay put. Even if you are content with your current coverage and insurance rates, there may be something better out there for you. Through shopping around, you may discover you have too much coverage in your current policy and opt to remove some protection to save a few dollars each month.
When it comes to auto insurance, your safety and security are the utmost priority. You never know when you might need it, and especially after a car accident, you should not settle for less than you deserve.