When We Recommend to Shop for Car Insurance
Auto insurance companies all have their own way of determining how much a person pays, its like they use their own algorithm to determine this, which is completely true. This is one of the main reasons why insurance premiums differ from company to company, its like asking yourself why am I a high risk driver with my current company, but the next company I get a quote from doesn’t even care and I get affordable rates? So when it’s time for you to get a new insurance premium, here are a few factors you should take into account before you start shopping around.
Rate Changes: As you know, insurance companies change their pricing model quite often. One thing you should do is look for cheaper times in the year, of course it depends on where you are located. But one thing is, you should research with different companies quite often just to see the current rates in the market. Factors such as location and type of car you drive all contribute to the premium you will be given.
Recent Changes in Laws: Keep in mind that all states have different rules and regulations that impact drivers on the road. For example, if they change the minimum insurance requirement, your insurance premium could increase.
Life Adjustments: If you go through some changes in life, it can adjust your insurance premium. For example, if you move to a better neighbourhood, an accident falls off your record or anything else can help make your insurance premium more attractive. Keep in mind, just take car insurance that you need.
Coverage Lapses: If you haven’t had car insurance for a while, you might increase. Evidently, this can make you a high risk driver, but if you keep a clean record for about 6 months, you can make your insurance premiums lower and building trust with your insurance company.
Jumping Ship: Jumping to a new insurance company may offer you a discount on your insurance premium if you switch just before your current insurance company expires.
One thing we recommend is to definitely shop online for car insurance. Check out the rates they have to offer you based on all the factors that come together on your insurance premium. If you prefer to talk to a live agent, call them here.
We are here to help.