Is It Time to Switch Auto Insurance Companies?

People usually don’t like changes in their lives much because they aren’t sure if the new thing would be better and it requires effort. Sometimes it becomes necessary to switch auto insurance companies to get the best value policy. This requires a little work but it can be highly beneficial in terms of coverage, price and quality of service and people may start questioning why they haven’t done it sooner.

It may be because of countless car insurance adverts, a recent premium increase, bad service or a nagging feeling that you can find a better company, coverage and cheaper rates. It may also be time to check if you are really getting the best deal after all the changes in your life. Usually, there is a reason why a certain idea comes to mind and the best way of dealing with it is to satisfy your curiosity by checking it out.

It may result in finding a better value somewhere else and switching vehicle insurers. Also, you may be happy to find out that your current policy isn’t bad after all. Both outcomes sound good. So, let’s take the first step and see what is available in your zip code in the market at the moment.

Step 1: Why Do You Need to Change?

There could be tens of reasons why people would feel the need to search for alternatives. The most common one is material improvement or worsening in circumstances. Buying a new automobile, moving to a new address, improved credit rating, adding a new driver (especially a young one) and having an accident are a few of the factors that will affect rates considerably.

Circumstances may force you to adjust a few things. There are different sets of cheap automobile insurance carriers for different types of drivers. For example, you may not need the one that offers special discounts for students when you are not a poor student anymore. It may be time to correct that and look for different savings.

When you have a shift in circumstances in any direction you may not be an attractive proposition to the current carrier anymore or another one might be a better choice after all. This is assuming the current one was competitive at the time of choosing. The fact is that many motorists are not taking the time to find cheap car insurance. Those drivers can save a lot more by shopping around.

Step 2: Use This Opportunity to Improve Coverage

It is no secret that most of us don’t like changes or don’t want to deal with it. It is easier to just renew each time than getting a policy out and thinking about what you should and shouldn’t include. However, life moves on. Only a few years ago you were perhaps someone who just got the first automobile insurance and still at college with nothing to your name; no property, spouse or child, not even a job.

Before you know it, you have a family and a lifestyle to protect. In that case, the first area to look at is the Liability coverage to make sure it is sufficient to avoid settling large claims out of pocket. It is no joke; you will be forced to sell your home and pay for them if you cause harm to other people and the policy falls short of paying all claims. Rest assured that you can get cheap liability vehicle insurance quotes online.

You may also have a better car and like to protect it more comprehensively. It could be that you could save a little as well by making adjustments. You may now have a more settled life and you are not driving miles every day to make a living. This is an opportunity to ask for low mileage discounts. If you increase car insurance coverage you get protected better. Nonetheless, if you don’t need it there is no point in paying for it either.

Knowing what you need is the key to effective shopping. Most people go to the grocery store with a shopping list. This ensures that they don’t come back home with half the needed things left out and bought a few things they will never use.

Determining the level of coverage beforehand helps you in another way. This will make sure that you will ask exactly the same protection from every company you go to. This simplifies the process when it comes to comparing quotes.

Step 3: Get a few Quotes and Compare

Probably it is best to start with online auto insurance quotes. Almost all of them have websites with quick proposal forms that give instant results at the end. There are plenty comparison websites as well to help you out before you start talking to brokers or go directly. Also, most brokerage firms have a presence on the Internet. You could fill their enquiry form and get the ball rolling. The more time you have until the renewal the better. Urgent need for a policy may cause costly mistakes like staying put when you will be served better somewhere else.

Step 4: Consider Your Options Now

What you have done so far makes life much easier. You made sure that you got what you want from the policy. You completed searches on the same bases. And you know now that you can afford the premium for the level of coverage required. All you need is one good cheap auto insurance quote but hopefully, you have several to choose from.

First thing to do is to see if anything is sticking out. This could be good or bad. For example, you could see that one of the carriers offered a little more coverage automatically than what you asked for. This is not unusual in a highly competitive US market. Another one may be that you have a great price from one company but there is a condition attached to it. A common one is that they may restrict who can drive the vehicle to only people over the age of 21 or 25. If there are such conditions are they acceptable?

Step 5: Is It Necessary to Make the Switch?

It is possible that you are able to pick one quote and go with it without hesitation. If this happens, it is great and your search for better car insurance is over. However, it may be trickier than that. Then, you can start eliminating several of them and see what is left. This is a perfectly good method of making a choice. All the while you were probably comparing them with the renewal offer. So, is there a better deal from another provider? Where does the current one stand after checking the competition?

How many of them are you comfortable with and are any of them offering too good to be true terms? It may be a perfectly legitimate quote and you would be very happy with the company in every aspect. But you need to do this due diligence before the final answer.

If you made your mind up, switch automobile insurance companies nicely. Set the new policy to start from the moment the old one expires. Give notices to the current one if you are not making the change at renewal. If this is the renewal time, make sure that you cancel any automatic payment to avoid any charges. They would return the money if it happened accidentally, but you wouldn’t want the extra work to get it back? Make a clean move if you made your mind up.

Final Thoughts:

Perhaps, there is one last thing to do after all depending on where the existing one stands against competition. Many people would be wary of leaving current car insurers for the sake of a couple of hundred dollars. This is a lot of money for most people but if you are not one of them you can do one last thing.

You can give them one last chance to match the other quote you are happy to go with otherwise. You have done all the hard work and it is understandable that you want something out of it. It is great if they can match it. Otherwise, dropping them would be even more justified now.