Four Ways To Know It’s Time To Shop For New Auto Insurance

Auto insurance in Madison AL is probably not something that most people would think about changing on a regular basis, but the fact is that if you purchased a policy and then never think about it again, you could be losing out on potential savings. How do you know when it’s time to review your old car insurance policy and find out if there are better options available? Here are four questions you can ask yourself to decide.

When was the last time you reviewed your auto insurance policy? You may not even know the answer to that question, because it’s hard to remember when you last thought about it. After all, auto insurance in Madison AL isn’t a hot topic for dinner conversation. A best practice is to review your old auto insurance policy about 3-4 weeks before it comes up for renewal each year. Generally your insurance company will send you some information about your current policy and the terms for renewal around this time, so it’s a good chance to see what you are getting right now.

What are your discounts, coverage levels, and premiums right now? They may have changed since you last reviewed your policy, especially if you have gotten in an accident, received one or more speeding tickets, or had a claim for damage on your vehicle. All of those things can cause rates to rise, and the discounts and savings you were getting before may have expired in light of your new driving record.

Have you had any major changes since you originally signed up for your auto insurance? Some companies may offer discounts for multiple cars, for adding policies like homeowners insurance, life insurance, or boats to your policy. In addition, policies for married individuals are sometimes lower than for single people, and other life-changing events can have an impact on your rates. Call an agent to find out if there are ways you can save even more with available discounts.

Did you sell your car? This may seem obvious, but if you sold your car, one of the first things you should do is inform your auto insurance company. If you purchased a new car, this is a great time to review available discounts and savings options for a new policy.

Sometimes switching your auto insurance in Madison AL can seem like a pain, but it is often easier than you think, and sometimes it will be well worth it for the savings you will get with a better policy.

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