Switching auto insurance providers can be a wise decision to ensure you have the right coverage at the best possible price. Whether you’re dissatisfied with your current policy or simply looking to explore other options, switching auto insurance can save you money and provide you with better protection. However, navigating the process of switching can seem daunting at first.
This blog will break down the process into five simple steps, guiding you through seamlessly switching auto insurance. Following these steps will give you the knowledge and confidence to smoothly transition to a new auto insurance provider that meets your needs and budget. So let’s dive in and discover how to switch auto insurance in 5 easy steps!
How to Switch Auto Insurance in 5 Steps?
Before you start the process of switching your auto insurance, make sure that you check with your current insurer and find out if there is any cancellation fee.
- Purchase the Best Policy
Buy a new policy at least 1-2 days before the expiry of your ongoing policy so that the coverage is maintained even by a day. A small gap of a day might increase car insurance rates in the future as insurance companies consider that period as uninsured. However, if the policy is in the middle period, schedule the new policy any time you like.
- Cancel Your Previous Insurance
Once you have finally bought the new auto insurance policy, don’t forget to cancel the old one. In case of open claims, your old company will be responsible for checking and closing those claims. If you have made advance premium payments for the policy at the beginning of the period, you will get a refund of the unused part.
- Get Your Proof of Insurance
Print your insurance ID card. You can also download an app for accessing the ID card. You can show the digital card if you are pulled over. Keep provisions for offline access in case internet connectivity is unavailable.
- Let Your Lender Know
If you have a lease or car loan, do not forget to inform your lender about the new auto insurance coverage. The lender will have your old car insurance unless you inform them about the new policy.
Why Switch Car Insurance Companies?
There are many reasons why you might switch auto insurance companies, including:
- Lower premiums
- Life-altering events like marriage, divorce, etc
- New car
- Changing pin code
- Significant increase or decrease in credit score
- Change in driving profile
- Poor claim settlement and customer service from the previous insurance company
When Can You Switch Car Insurance?
As mentioned, you can switch auto insurance at any time. You can change even with many open claims. There are no penalties for switching multiple times in a year. However, before you switch, make sure to carry out due diligence.
When Not to Switch Car Insurance Providers?
Though you can switch auto insurance at any time, there are certain times that experts ask to avoid, such as:
- Switching too soon might make you ineligible for a loyalty discount
- If there is a cancellation fee
- If there are open at-fault claims
Switch to Superior Auto Insurance with Family Financial Insurance Group!
When it comes to switching your auto insurance, look no further than the Family Financial Insurance Group. We understand the importance of finding the right coverage at affordable rates. Our team is dedicated to assisting you in securing the best auto insurance policies from top providers. Whether you need comprehensive coverage or specialized options, we have you covered. Contact us at 972-270-1488 today and let our experts guide you through the process of finding the perfect auto insurance solution for your needs.