Auto Insurance Renewal Tips

Most people that have car insurance have an auto insurance renewal date every year so that they may continue their coverage. The process of renewal is usually automatic, without much consideration to what the policy stipulates. We tend to put less time into the auto insurance renewal than when we purchase a new policy. There are some things you may be able to do to save money during your auto insurance renewal period. You may also read “How to Get Inexpensive Auto Insurance” for more money saving information and other auto insurance tips.

• You may want to review your coverage with your current insurance company in depth within one month of the auto insurance renewal date. If you decide to cancel around the time of your renewal, your insurance company may not charge you a cancellation fee or other penalties to cancel.

• Gather all of your current information policy as well as your most recent bill. Review your coverage and the costs that you are currently paying. Inquire with your insurance company if they will offer you a special rate to renew your policy with them as opposed to searching for another insurance provider.

• You may receive quotes from other insurance companies. Make some telephone calls and let them know that you are considering changing your insurance provider. They may be able to offer you better rates than your current provider.

• If one of the new rates you have received is less expensive than your current insurance company, contact them and ask them if they will match the better offer to remain insured through them. If your current company does make an offer that is better, it is usually easier to remain insured through them.

• Be prepared to inform your current insurance company that you may be cancelling your insurance policy with them during your auto insurance renewal period if they are unable to provide you with a better rate. You will want to make sure that you have another policy in place before you cancel your current policy so that you are not without coverage.