4 Things to Consider While Renewing Your Car Insurance

Renewing your car insurance doesn’t have to take a lot of your time. You can complete the task in just a few minutes if you have the information you need and are ready to get started. Keeping your car properly insured is the best way to protect yourself from financial loss. It only takes a few minutes of your time to save yourself a lot of money. Talk to your insurance agent if you have any questions.

Here are 4 things to consider while renewing your car insurance.

1. Compare Your Policy to Others

It’s always a good idea to compare your policy to what other carriers are offering. Ask your agent to provide information on policies from multiple carriers. Review your policy with your agent and find out what they can do to give you the best value for the best coverage. This way the agent can guide you to select the insurance coverage that suits your needs and budget.

2. Know When Your Current Policy Expires

Know what your policy contains and when it expires. If you plan on buying another policy from a different insurance company, you will need to know when your current policy is going to expire. You don’t want to have a lapse in your coverage. When you buy your new policy, make sure it is in place the day before or the day that your current policy is set to expire. You will want to let your current insurance company know that you have a new policy in place, so they don’t charge you to auto-renew your old one.

3. Review Your Coverage and Adjust If Needed

Before you buy a new policy, go over your old one thoroughly to make sure it is accurate and up to date. A recent marriage, graduation, divorce, or other life-changing events may have a direct impact on your policy. Take a few minutes to go over it carefully and make notes about any possible changes that will be needed when purchasing another policy.

4. Know Your Budget

Know your budget and how much you have a month to continue to spend on auto insurance. Keep in mind how much you are currently paying and use that as your starting point. If you’ve made a few adjustments, that may drop or raise your policy depending on what adjustments were made. Go over your policy carefully and be aware of any discounts you may be eligible for.

Steps to Renew Your Car Insurance Coverage

Policies can be renewed online, while cancellation requires a phone call to your insurance agent. Here’s how you can renew your car insurance coverage.

  1. Check when your renewal is due.
  2. Review your bill to check for a possible change in rates (maybe because of loyalty discount or claim-free discount).
  3. Ask your agent about new discounts.
  4. Compare customized quotes from other providers.
  5. Proceed with online renewal or sign up for a new policy.
  6. Cancel your old policy, in person or online, if need be.

It won’t take you long to renew your auto insurance policy if you go into the process fully prepared. For assistance with all your insurance needs and questions, contact the experts at Miller Carlisle Insurance Services in Carlisle, PA. We will help you get the right coverage you need.