Switch Your Car Insurance – and Pocket the Savings

For many drivers the cost of car insurance is exceeded only by the cost of the monthly car payment, and for some unlucky drivers the cost of insurance can be even higher than the cost of the monthly payment. In fact car insurance can cost thousands of dollars a year, so it is important to shop around for the best deal. Switching your car insurance could save you hundreds of dollars a month – money that you can certainly use elsewhere.

The reason that shopping around can save you so much money is that different car insurers use different criteria for determining premium rates Car insurers consider everything from your driving record to your credit report when determining how much you must pay for insurance. By shopping carefully you can find a company that saves you money without sacrificing the coverage you need to stay safe and legal behind the wheel.

Cheap Car Insurance
Why Shop Around?
Every driver will have different reasons for shopping around for the best car insurance coverage, but some of the most common reasons to shop and compare include:

  • Increase your liability limits without increasing your premiums
  • Get a better deal on collision and comprehensive coverage
  • Find lower premiums without reducing your coverage
  • Avoid premium rate hikes Take advantage of available discounts

Finding the Best Deal
These days the Internet is the best place to shop for car insurance. With just a few clicks of a mouse you can compare the rates at dozens of different companies, with all of those companies competing for your business

When you use a comparison website you can get dozens of different offers, and you can then compare those offers and pick the one the best meets your needs This can save you hundreds of dollars a month and help you put  more money away for a rainy day.

Check Coverage Carefully
While saving money is important, it is just as important to do your research when choosing a new company. Always make sure that the company is reliable and reputable – after all, the insurance company you choose will need to be there when you need them to pay your claim.

Making the Change
No matter which insurance company you ultimately choose, It is important to time your change carefully. For most drivers the best time to purchase a new policy is about a month before the current policy expires. This will give you enough time to get your new coverage in place before canceling your old policy. If the state where you live  receives the cancellation notice for your old policy before they know about the new policy, the state may think you are an uninsured driver. By putting your new coverage in place before canceling your old one you can avoid this problem and keep your driving privileges in place.

When you do cancel your old policy it is important to contact your current insurer in writing. Be sure that you have the insurance cards from the new company in hand before writing that cancellation letter. This will keep you out of trouble with the state and ensure that your coverage continues without a hitch.

Switching your car insurance coverage can save you a great deal of money, but it is important to take the proper steps Shopping online can save you hundreds of dollars a month, and putting that new lower priced policy in place before canceling your old one will make the process a  lot easier.

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