Insurance Savings

Switch and Save: Get out of the Same Olí Same Olí

Often many people will not switch auto insurance companies, mostly because they do not want to take the time to look around. However, the few minutes it would take to check out other auto insurance providers could end up saving you a lot of money on your auto insurance. It is important to keep afresh on your auto insurance to make sure you are getting the best deal on your auto insurance.

Getting quotes on your auto insurance policy is more simple today than ever. You can even get quotes and never have to deal with a pushy salesperson via the internet. Also, via the number of web-based broker sites, all you have to do is enter in your information once, and then you can get a number of quotes for auto insurance. Taking that 10 to 15 minutes could mean finding a significantly better deal on your auto insurance than your current policy.

However, the best time to consider switching your auto insurance policy is within a month of your renewal date. It is during this time that you will most likely be able to cancel your auto insurance policy with little to no financial penalty. Yet, if you find a truly great deal on auto insurance, it may be worth paying a penalty to switch over. If you have a moving violation or an accident, though, you may want to wait until your next renewal cycle.

When you are thinking about getting a number of auto insurance quotes, you will want to have your auto insurance information handy. This way you will be able to compare what you have now with what you are seeing in your quotes. You will also be able to see the discounts offered to you, so you can make sure you are going to get similar discounts from other auto insurance providers.

Take your time, too, before you sign up for a new auto insurance policy. You want to make sure you thoroughly consider your options. You will also want to check into the financial ratings and customer service of any auto insurance provider that you are considering. Check with rating companies like Fitch, A.M. Best, and Standard and Poorís to make sure the company will be able to pay any claims you may have to file. Also, discuss the companies you are considering with your family, friends, and even mechanics to find out their views of the customer service. You can even compare complaint ratios through your stateís department of insurance.

Once you decide you want to switch auto insurance companies, do not cancel your old policy until your new policy goes into effect. At no point do you want to be without coverage. Also, make sure that you cancel your old policy in writing. Do not stop paying your premiums until you have confirmation that it was cancelled, because it may penalize you later if your auto insurance provider cancels your policy.

Switching auto insurance providers can be simple, and you should still make sure that you are not paying too much for your auto insurance. Take a few minutes to check out some quotes and do some research into financial stability and quality. Donít be stuck in the same olí, same olí. Take some action to save some money!

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