If you’re not happy with your current car insurance coverage, why don’t you just switch for a better and more affordable policy? Unfortunately, many people never even try to shop around for a better car insurance. They think it’s not worth it, or that it’s simply more convenient to stay with the same insurance provider.
The truth is that insurance rates can vary significantly from one insurance company to the other. If your current policy doesn’t meet your needs anymore, or if you feel like you’re paying too much, switching car insurance makes sense, and it can allow you to save some money.
However, there are a few important things you have to keep in mind while looking for the best auto insurance coverage. Learn how to switch car insurance, and get ready to enjoy some savings. Below are the seven tips on how to switch car insurance:
1. Review your current car insurance policy
Before you switch to a new insurance policy, take a moment to review the one you currently have. If your insurance premiums are not the only thing bothering you, make a list of the things you would like to change so you can be satisfied with your new insurance.
You could even start by contacting your current insurance provider to let them know you want to make a switch. If they value you as a customer, they might be able to give you a discount that would lower your premiums.
If they won’t make you any offer, or if their offer doesn’t sound that good, making the switch is the best thing to do.
2. Figure out if it’s the right time for a switch
When you want to switch car insurance, ask yourself if it’s really time to switch to another one. The best time to switch car insurance could be when your policy is just about to expire. But if you still have a few months of coverage left, be sure to check if there are any penalties for cancelling your policy.
If you prepaid your coverage, your insurance company should give you a refund for the coverage you won’t use.
3. Gather some important documents
After you have reviewed your current car insurance policy, keep it close at hand. You will also need to gather some important documents that will help you make the switch: the personal information and driver’s license numbers of all the people covered, as well as the Vehicle Information Number of each car covered by your policy.
If you are currently the only driver covered by your policy, but you want to extend your coverage to a partner or a teenager, this is the right time to do it.
4. Compare different car insurance quotes
Comparing car insurance quotes online is easy, as many websites can allow you to compare different coverages.
This is where the information you have gathered will come in handy, since you’ll need information about the vehicles and the drivers to be covered so you can get accurate quotes.
Before you choose the insurance company that offers you the best quote for the coverage you need, do some research. You want to purchase your new insurance from a company that has a good reputation, and a lot of happy customers.
5. Make sure there is no lapse in coverage
When you have found the right insurance policy, make sure there is no lapse in coverage as you make the switch.
If your current coverage ends in 10 days, your new coverage should begin on the 11th day. It’s very important that there is no gap where you are uninsured, because if you drive and get involved in an accident while you’re not covered, it could cost you a lot of money.
6. Make sure you cancel your old policy
If your current coverage will only be over in a few months, make sure you cancel it after you have gotten your new policy. Simply call your insurance provider, and tell them you want to cancel your policy and that you would like a written confirmation.
If you forget to cancel your current policy, you will get no refund for unused coverage, and you will keep receiving bills.
You don’t want to not be covered, but you also don’t want to be covered by two insurance policies at the same time.
7. Don’t forget to keep your new proof of insurance in your car
Finally, after you have successfully switched car insurance, don’t forget to keep your new proof of insurance in your car. If you get pulled over, and you don’t have your new insurance ID card with you, it will be as if you were driving with no insurance at all, which is never a good idea.
Save yourself the trouble of having to contest a fine, and keep your proof of insurance with you whenever you are behind the wheel. To be safe, you should keep a copy inside your wallet, and another one in your glove box.