When was the last time you took a good hard look at your car insurance coverage? If you’re a good driver, it’s easy to put your car insurance on autopilot until you need it. Unlike a fine wine, however, car insurance does not always get better with age. You might also not be getting the best car insurance rates available.
Your coverage needs and circumstances evolve over time. Just one seemingly minor change can quickly cause an old policy to become inadequate. If you can’t remember the last time you reviewed your policy, continue reading to learn 5 easy steps you can bring it up to date.
Review Your Existing Insurance for Gaps in Coverage
Coverage gaps are more common than you might think – especially if you built your own policy or purchased your coverage online. Without the help of a licensed agent, you are forced to navigate a highly regulated field full of complicated terms, legal requirements, and coverage types all on your own.
It might be that your policy covers your vehicle repairs after a collision, but not if a fallen tree branch crashes through your windshield. Maybe your policy takes care of your towing charges but leaves you hanging if you need a rental car after an accident. Worse yet, you could be heavily underinsured if your uninsured & underinsured motorist limits are not enough to protect your income and assets after an accident.
Call an Independent Agent for a Risk Evaluation
Contact a local independent insurance agent. As an independent agent, they can take an unbiased stance to your coverage, instead working to ensure you are sufficiently protected – regardless of which insurance company you choose.
A lot may have changed since you last purchased coverage. An agent will sit down and review your driving habits, household income, and the assets that you could lose if you are faced with a lawsuit. Based on the results of your risk evaluation, they can make a recommendation for coverage and begin to request car insurance quotes from multiple companies.
Ask for Advice
Before you choose a policy based solely on coverage and the best car insurance rates, take the time to consult with your agent for advice. An agent works on the frontlines of the insurance industry every day and knows first-hand the differences between the different insurance companies and their process for handling claims. Depending on your needs and concerns, your agent may be able to provide insight into a particular policy that you would have otherwise overlooked.
Look for Discounts
Once you have narrowed down your options for coverage, take the time to search for available discounts. Once again, an independent agent can help you find discounts and rate reductions. Your agent might talk to you about the things you can do qualify, such as bundling your home and auto insurance with the same provider.
Plan for Regular Insurance Updates
Finally, set a date for your next insurance review. Do you have a teenager that will begin driving soon? Are you planning a new vehicle purchase? Do you plan to move to another city or neighborhood? Perhaps retirement is quickly approaching. Whenever a major life event comes up, pick up the phone and contact your independent agent. Keeping your agent informed about the changes in your life helps ensure you have the right policy with plenty of coverage to meet your needs.
If you need to upgrade your outdated car insurance, come find out what an independent agent at Vanyo Insurance Group can do for you. We look forward to serving you soon.