Any reputable insurance provider will recommend shopping around for auto insurance before making any commitments. Of course, there’s no guarantee that it would improve your situation, but there is always a chance. But why might someone decide it’s the right time to search for a new auto insurance provider? Here are four realistic scenarios that could signify that it’s time for a change.
Renewal Time
During your renewal period, your policy may be subject to rate increases. Thus, your renewal period marks a great time to start shopping around with new potential insurers. Your insurance agent can do the legwork for you to see if you qualify for any discounts from other insurers. If you are renewing your policy for the first time, we recommend taking advantage of that. Now that you have an established history, there is a greater chance that you’ll be able to lower your rates and entertain more competitive offers.
After a Ticket or Accident
As you know, a ticket or car accident is a near-certain way to have your insurance rates increase once renewal time rolls around. Once you receive your renewal offer, consider shopping it around to determine whether other insurers would offer a discount to soften the blow of your new premium. Of course, if your policy already includes accident forgiveness terms, you won’t have to worry about changing your policy in the event of an accident.
Adding a New Driver
Insurance companies may be wary if you add an inexperienced driver to your policy, so don’t be surprised if you are subject to price increases as a result. Luckily, your new driver may be eligible for good student discounts or new driver discounts. Be sure to research this to potentially save yourself each month!
Moving
Insurance rates are heavily tied to zip codes, and you should absolutely be aware of that if you may move in your near future. Even if you’re remaining in the same state, your policy may be subject to price changes because of your move. For example, if you move from an urban area to a more rural area, the risk of crashes will decrease considerably. Make sure you double-check if your rates can be reduced as a result!
Choose Auto Insurance Coverage that Works for You at Freedom Insurance
We offer comprehensive, customized coverage from numerous major insurance carriers and make it easier than ever to find affordable policies that are exactly what you need. We have been serving clients throughout the greater Howard County and Carroll County areas since 1979, and we look forward to helping you and your family thrive. Get in touch today by calling (410) 795-2000 or requesting a free quote.
