Why would you want to know about how to change your car insurance provider? Well, there are many reasons that you may be dissatisfied with your current insurance plan, and switching insurers can have benefits. But given that driving without car insurance is illegal, you don’t want to risk having a period when you’re not insured, right? So we’re here to tell you how to go about switching car insurance companies, so you can make sure you’ve got all your bases covered.
Why Would I Want to Change My Car Insurance?
As we said, there are many reasons why you might want to change your car insurance policy. The first, and probably most common, is that you think you’re paying too much. You might get lower premiums with a different insurer. You may also be dissatisfied with the service you’re receiving, since customer service, the time it takes for claims to be fulfilled, and response times can vary amongst car insurance companies.
Your current insurance policy might be coming to the end of its term and you’re ready for a switch. Or maybe your needs have changed, and you need a different kind of policy. Once the kids start to drive and need to be insured you might be looking for a family policy, for example. Whatever your reasons, once you’ve decided to change your car insurance provider, here’s what you need to do.
Identify Your Car Insurance Needs
If you’re shopping around for car insurance, then companies are going to be asking you plenty of questions to determine what kinds of prices they’re going to charge (you can find out more about this in our article about what effects car insurance quotes). Shopping around is going to be far easier if you already have all the information on hand. Things that you want to think about? The make, model and year of the car you want to add to your policy, the names and ages of drivers, how much you drive on average, and, of course, whether you’ve had any accidents recently or received any traffic tickets. You’ll want the car insurance quotes that you get to be accurate, so knowing this info is important.
You might also want to take a look at your current policy and what it contains, since this will let you compare your current car insurance with quotes from other companies more easily.
Get Yourself Some Car Insurance Quotes
Once you’ve got all the information to hand, you’ll want to get some car insurance quotes, so you can see what you’re likely to get from other car insurance companies. Generally, shopping online will be the fastest and easiest way to do this (check out our article about online car insurance quotes to find out why this is probably your best option).
Think About Saving Money with Car Insurance
You’ll want to be thinking about discounts here too, since you’re likely switching providers because you want to save money. This effects your shopping in a couple of ways. You might want to ask companies what kinds of discounts they offer (many offer discounts for things like a clean driving record, or to people who only drive a certain amount of miles a year). And you’re not going to lose anything by asking. On the other hand, be careful that you’re not invalidating other kinds of discounts. If you currently get your car insurance and home insurance from the same company, for example, you might lose out on a joint insurance discount from them by moving your car insurance elsewhere.
Ensure You’re Getting What You Need
Now that you’ve got an idea of what other car insurance companies have to offer you’ll need to carefully compare quotes. Just because a monthly premium is lower with one company doesn’t mean that that’s the best bet for you. You’ll need to look at deductibles, liability cover, and what kind of insurance you’re getting for your money (is it third party only, for example?). If these words make your head spin, then have a quick read through our car insurance terms and definitions page! You should only make a final decision when you’re sure that you’re getting not just the best rate, but the best rate for the kind of insurance that you need.
Changing Your Car Insurance Company
Here comes the tricky part! You don’t want to be uninsured, even for just a day, so you’re going to need to be a little careful when switching your provider. The first thing you need to do is tell both your current provider and your new provider what your plan is (i.e. tell your current provider you want to end the policy, and tell your new provider that you want to accept their quote). Do this in writing, so there can be no doubt it’s been done.
Do NOT stop paying premiums on your current policy until you receive written confirmation that your new policy has begun! That way you’ll avoid being without insurance at all. The actual process of switching should be quite simple, and will be a matter of filling out a couple of forms.
Changing your car insurance provider can be a great way to save money, or to get an insurance policy that better fits your needs. Just follow the easy steps above, and you’ll get the kind of car insurance that you need!
Main subject: car insurance
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