It’s likely that thinking about insurance policies is not your favorite past-time like it is ours. So every 6 months to a year when the bill comes, you pay up and don’t think about it again. However, you could be doing yourself and your wallet a disservice.
As the seasons and stages of your life change, so do your insurance options. Every 2-3 years, you should explore and consider new car insurance policies to find out what savings, bundles, and coverage options are available to you.
Here are 5 Steps to Switching Car Insurance:
Know the details of your current coverage.
If you don’t have a clear understanding of your coverage, ask your current agent to explain your policy so that when you begin looking at new policies, you know what to look for and can make a true comparison.
Let your current provider know you are considering making a switch.
Certain factors may have changed that may make you eligible for reduced premiums with your current coverage. Additionally, you need to ensure that there will not be fees or penalties for ending your coverage at that point in time. It is generally better to make the switch right before making your 6 month or 1 year payment.
Do your research.
If you’re going to go through an exclusive insurance agent , then you will need to collect at least 3 different quotes from 3 different agents to get a good picture of what options are available to you. However, you can go through an independent insurance agent like Henry Insurance who will put together comprehensive packages, showing you the best rates from multiple providers. We will help you find the best policy and make sure you understand your coverage.
Ensure there will be no gap in coverage.
Be sure to have your new insurance policy in place prior to ending your prior policy. An uninsured period is dangerous, as you are vulnerable to uncovered accidents and fines that could lead to higher premiums on future policies.
Cancel your old policy.
You may have had conversations with your old provider, and even stopped making payments. But unless you have written confirmation of your policy cancellation you are not safe! Your credit could be damaged and legal liability could become an issue. Even if you feel you have clearly communicated, be sure to get written confirmation of your cancellation.
Henry Insurance Service would love to help you identify the best possible policy for your auto insurance needs! Let us help you make a seamless transition to your best fit. Call an agent today at 225.927.0451 or e-mail info@henryinsuranceservice.com.
