Could you save hundreds of dollars by switching your car insurance? It is a question worth asking yourself at least once a year. By doing a little research now, you may be able to find a comparable insurance plan at a better rate with another company and save money. But you have to make sure you take the appropriate steps to switch because you don't want to have a lapse in coverage.
The Insurance Information Institute in New York suggests asking yourself if you're happy with the cost, coverage and service of your current policy each time it comes up for renewal. If the answers are "yes," stick with your policy. But if you're not sure, shop around.
Here are four key steps to take when it comes to switching car insurance:
1. Review Your Current Driving Situation
Take note of your driving circumstances as well as the needs of other drivers in your household. Do you have a newer model car? Do you commute several miles each week to work? Do you have recent traffic tickets?
According to the National Association of Insurance Commissioners (NAIC), your potential new insurance company may ask you all of these questions as part of the underwriting process. You'll also likely be asked about the number of drivers on the policy, your driver license information, and the insurance coverage and limits you'd like to purchase.
Take a look at your existing auto insurance policy. Knowing what you currently have will make it easier to create apples-to-apples comparisons with the rates you receive from different insurers. An easy way to do this is to study your current policy's declarations page, which describes the insurance you have, including the amount of coverage as well as coverage limits, and the amount of your deductible. The more you know about your current coverage, the better shopper you'll be.
2. Shop Around
Once you're familiar with your current policy, it's time to look for alternatives. A good first call is to your current insurance agent or the insurance company itself (some insurers, such as Geico and Progressive, don't work with agents). If you're not happy with your existing policy (if you think the premiums are too expensive, for example), ask if there are ways to lower your rate for the same amount of coverage. You may be eligible to receive discounts you're not getting.
While you're reviewing discounts, be aware that switching to a new provider could affect discounts you already have with other types of insurance. For example, if you're already getting a homeowner's and car-policy rate reduction from your current provider and you move your car insurance to a different company, you may lose the discount you receive for homeowner's insurance. It may make more financial sense to stay where you are or switch both policies to a new provider that will give you a rate reduction for both.
In addition to speaking to your current agent or insurance company about your options, you can look online to research potential companies and obtain quotes. It is also a good idea to get referrals from family members, colleagues and other people whom you trust. If they have had to file a claim with the insurer, they could tell you in person about their customer service experience.
3. Don't Skimp on Coverage
As you receive quotes, make sure the insurance coverage and deductibles mentioned are satisfactory. Just because a rate quote may be lower than what you're currently paying doesn't mean it's a better deal if the coverage is lacking. If you're not sure how much coverage you need, discuss your needs with insurance company representatives and ask for guidance.
Percaya Atau Tidak Wajib Dicoba!! Ternyata, Pelukan Suami Bisa Membuat Istri Lebih Langsing dan Bahagia, Maka sering-seringlah memeluknya..
4/
5
Oleh
Inspirasi Teman
