Changing Auto Insurance Companies before Current Policy Expires
There are many consumers unsatisfied with their current auto insurance companies for a variety of reasons. Some feel they’re overpaying, have had a bad experience with customer service, or feel they have been treated unfairly when they made a claim.
Although unsatisfied, many consumers feel they’re stuck with their current auto insurance company until the policy expires. What they don’t realize is that auto insurance is not a contract and can be cancelled at any time.
Many questions that arise include: “Is auto insurance a contract, what happens if I cancel?” or “Will I be sent to collections if I cancel my policy?” The answer to the first question is NO. Auto insurance is not a contract; however, policyholders must be aware that there is the possibility that there may be an amount due after cancellation. This can be due to either unpaid earned premium, cancellation fees (range in the area of $15-$50), or policy fees (usually range from $10-$40).
Many believe that whatever months are left in…
Auto Insurance - Making sure you’re Properly Covered
When it comes to auto insurance coverage, there are many drivers out there unaware of potential uncovered losses. The problem today, is that many are driving comfortably thinking that in case of an accident, their policy will take care of all damages.
This can definitely be a dangerous situation because in case of an accident, the realization that you will have uncovered losses becomes known.
It’s not too late to take a second look at your auto insurance coverage and understand what your policy covers and what is not covered in case of a claim. Get your policy declarations page which would show you what coverages you have and lets look at the coverage together.
A declarations page usually will include a description of the included vehicles and it will include the premium for each vehicle and the coverage included. Each vehicle can have unique coverage so is important to understand each vehicle’s coverage.
For example, most vehicles will have at least liability coverage (in most states) and will have an abbreviation of coverage as this example shows:..
Lower your Auto Insurance Rates in Minutes
If you’re unsatisfied with your current carrier for any reason, including price, among the best things to do is to complete a car insurance comparison and find out if you’re overpaying for coverage.
OnlineAutoInsurance.com allows you, with no obligation or expense, to complete one single form and instantly see the rates, side by side, of a variety of leading insurers. The benefits of comparing rates are clear. Why pay more for the same coverage when you can be paying less.
The problem many people face is the lack of variety. By asking for a quote or two from a limited amount of companies, they may be leaving out a quality insurer offering the exact coverage for less.
When shopping around for competitive premiums, keep in mind the different discounts to help you get lower auto insurance rates and keep saving year after year. Some discounts may not be automatically offered to you so be sure to ask or suggest any savings you believe you qualify for…