When it comes to saving money on car insurance premiums, there are many options available, but the best opportunity might be when you are renewing your car insurance coverage. Insurance companies understand that they must satisfy their clients, because when it comes time to renew your policy, you always have the option to choose a policy with a different provider. In order to keep you as a client, they will often give you special rates, especially if you are a driver with a good record. By following a few simple tips, you can lower your car insurance quotes during coverage renewal.
Obtain Several Quotes
First of all, if you are thinking of switching providers, you should obtain auto insurance quotes from several companies before making a decision. If you can provide proof of better insurance deals to your current provider, they are more likely to negotiate with you, because they don’t want to lose you to a competing company. They will be more likely to reason with you to retain your business.
Ask for Lower Rates
Don’t be afraid to ask about lower rates when you renew—you can end up saving a lot of money! Insurance company representatives will probably ask you questions regarding your commute, and any changes that you may be making in commuting, and if you have added any safety features to your car. They may also ask if you have been driving less, or if you have added an anti-theft device to your car. All of these things may factor into your qualifying for a special discount on your premiums, which will lower the cost of your insurance greatly.
Ask About Discounts
In asking your provider questions about lowering your insurance, you may realize that you qualify for discounts that were not even mentioned during the initial coverage period. You have to remember that insurance companies are businesses, just like any other. They want to make money, and they make that money through their clients’ customer contracts. They are not going to volunteer information that will result in the loss of money if they can avoid it. However, they will often offer discounts to retain existing customers, because in the long run, it is better to keep you as a client than to lose your business.
Save When Renewing
If you have been with the same car insurance company for a long time, it can be beneficial to find out if you can save more when you renew your insurance policy. The simple truth is that once a company has your business, they will often go to great lengths to keep it.
Find the Best Policy
When it comes time to renew your insurance, make a careful evaluation of whether or not your insurance company is able to deliver the promises that they made when they first signed you onto their policy. If you feel that you can honestly find a better policy with another company, you may want to go ahead and do so, even though it can mean doing more research. If you are complacent about your rates, policy providers can pick up on that, and may use it as a way to keep your rates the same.
About the author: Jenni Sunde is a freelance fashion writer and pop culture junkie. Jenni specializes in all things lifestyle-related. From home and design to health and beauty. With her love of art and all things beautiful, she delights in sharing her sense of style from her life to your computer monitor. Her title pegs her as an editor at a website that specializes in fashion careers and another that focuses on providing people with car insurance quotes, but her passion leads her into writing with a little more substance and a lot more heart.