We have all been bombarded with ads, email ads, and billboards that say how much we can save our auto insurance by switching to another company. This is a competitive industry. Just because another company offering a better rate does not mean you have to rush to call and cancel insurance and switches. There are a few things you need to make sure before you do it.
Here are a few things to note before you switch Your automobile insurance to another company.
If you have been with one company for many years and they offer credit that wipes out your first crash, you may want to live or see if other companies can match. Sometimes this is referred to as a good driver discounts or discount longevity or accident forgiveness. The company rewards you for your loyalty with freeing your first accident.
This discount can be quite significant. Because most accidents can increase Your rate to 40% over the past 3 years the potential savings could be a few hundred dollars for a period of 3 years. But when you switch companies, you lose this credit You have built. If you have an accident with the new company how much you'll regret don't have the remission of an accident by looking at your level up to 40%?
Another thing to think about is to make sure you switch to the company does not offer You just a teaser rate for the first 6 months to get your business and then meet you for 6 months and then once they've got you on their books. Because auto insurance is a lucrative industry, the company is able to offer a level of low ball to get you to switch and then once they've got you raise Your rates on renewal. If the new company price level seems too goo actually do more research. Check out the insurance forums or search Google for "XYZ insurance + reviews."
Watch out for extra charges. This is one that may surprise you. Some companies charge you to make a monthly payment-usually $ 3-$ 5 per month. For a year, that comes out to $ 36-$ 60. That one can take a bite out of your savings potential is big so make sure you factor in the level you're comparing. Make sure you really save money when you switch.
Two things to keep in mind when shopping around for auto insurance is a new company website and hours of operation. Make sure the hours they work with your watch. If they are only open from 8-5 and you work 8-5, when are you going to be able to call them if you have any questions or need to make a claim? If you do all your online business You want to make sure that the company you are looking at has a capable website can help you 24 hours a day.
You can save money with your car insurance shopping around. Just be sure to keep in mind the things that I have mentioned to make sure that the agreement you see is really great.