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Is It Time To Switch To A Different Car Insurance Provider?

Oftentimes, we can get comfortable with the familiar, but what if the familiar isn’t helping you anymore? That’s exactly what can happen if you stick with an old auto insurance policy that doesn’t provide you with the coverage and value that you need. That’s why, at Stanton Insurance, we’re going to teach you how to switch car insurance providers, so that you can get the best coverage for the best price. 

Key Takeaways:

When you are considering switching to a different car insurance provider, there are multiple steps to take to make sure you get the policy you want. 

  1. You need to consider why you’ve decided to switch insurance providers whether it be because you’re in a new phase of life or you’re no longer satisfied with your current provider. 
  2. The next step is to review your coverage needs and determine what is important for you in a car insurance policy. This allows you to prioritize what you want and ensure it’s a part of your new policy. 
  3. You should contact multiple insurance agencies to get different quotes. This allows you to see and evaluate the different options to find the best one. 
  4. One option you should consider is whether or not you can bundle your car insurance with other policies.
  5. Finally, you will be able to make the switch to a new car insurance provider. At this point, it’s critical that you avoid a gap in coverage, so you should make sure that your new coverage is working before canceling the old policy.

Reasons To Switch Insurance Providers

There are many different reasons that people feel like they should switch their insurance providers. They may switch insurance providers because they are entering a new phase of their life, or they are unhappy with their current insurance provider. In fact, there may be several times in your life when it can become necessary to switch your car insurance provider. Some of these moments might be when you move to a new location, your marital status changes, or you gain or lose dependents. These are all natural times for you to think about shopping around for a different car insurance provider. 

If you are not satisfied with your provider, you should feel free to switch to a different one that will better satisfy your needs. Some of these reasons can include:

  1. Cost: Car insurance can be expensive, and if your coverage rises to a price you’re uncomfortable paying it could be time to switch to a different provider. A different insurance agency may be able to offer you a policy for less than your current one. 
  2. Change in coverage needs: Over time, it is natural that a person’s coverage needs may change. A different insurance provider may be able to more adequately cover these new needs. If this is the case, you should consider switching insurance providers. 

These are just some of the reasons that people may feel that it is necessary to switch providers. Insurance is meant to protect and provide you with the type of coverage you want and can afford. If your current policy is no longer doing that then you should consider switching to a different insurance agency

Review Your Coverage Needs

One of the first steps to switching to a different insurance provider is to review your coverage needs. You can begin by taking some time to examine what your current insurance policy covers. You can do this by making a list of the different coverages that are currently being offered to you including comprehensive, collision, and liability insurance.  Once you have created this list, you should consider if this is still what you want in your insurance policy, and if not what changes would you like to make in a new policy. This is an important piece as you should always carefully consider your coverage needs, and how an insurance policy can best cover them….it is best to discuss this with your agent at Stanton Insurance. 

Get Quotes From Multiple Providers

Once you have determined your coverage needs, you should begin to shop around for different car insurance quotes. It is important to look at multiple different car insurance quotes to determine which one will have the best policy for the best price. Different car insurance agencies will have varying factors of different importance, and they may have multiple options available. 

The different factors that can affect your car insurance quote are;

  • Make and model of the vehicle, 
  • Driver’s age and gender,
  • Place of residency,
  • And if you have any traffic accidents or violations on record. 
  • Your insurance credit score 

There are also some other conditions you need to consider when choosing an insurance company. They can include;

  • Car insurance discounts,
  • The price of the premium,
  • And any additional fees. 

These different factors are all important aspects of how the price for your car insurance policy is chosen. When looking at the different car insurance quotes be sure to check over them carefully so that you are able to make an informed decision. 

Check Bundling Policies

While looking for a new car insurance policy, you should consider the idea of bundling it with your other insurance policies. If you have an insurance policy with a different insurance agency, you may be able to bundle them together to get a better price on both of them. You are able to bundle multiple different types of insurance policies with your car insurance, and they can include homeowners, renters, motorcycle, RV, Life, or boat insurance. You can even bundle together multiple car insurance policies. Bundling together your insurance policies will save you money on all of the policies that are placed together. Because of this, it’s so important to ask how you can bundle your car insurance with other policies with the same provider.

Make the Switch

Once you have chosen the best insurance company, it is time to make the switch. But wait! Do not let your coverage lapse! One factor you should consider while switching plans is that you should never go without car insurance leaving yourself uncovered in the case of an accident. Risking coverage may mean you are breaking laws as well as possibly affecting your insurance rates. This means that you should not cancel your old insurance until your new one has gone into effect. When you have successfully completed this process, you will have successfully switched to a new car insurance provider. 

At Stanton Insurance, we understand that you’re looking for the best policy for the best price. That’s why we make sure to cater our services to each unique client because you deserve a car insurance policy that suits your requirements and needs. So feel free to call us now for a free quote at (309)734-2171 or visit us at our website!