Archive for July, 2012
Many experts stress the mistakes made by many policyholders who stay with their current insurer without looking at their alternatives. While you like the comfort of a company you know, savings offered by others can be worth the efforts. If you are not paying a fair premium you are not getting a good deal. Besides, alternative insurers can be as good as your current provider.
One thing you should keep in mind that there will be some people who will try to discourage you. Your current insurer or their agents may come up with some scare stories about moving away from the company. Naturally, they will think that their company is the best in the world and may not appreciate the fact that you have many options.
Nonetheless, you should take time to investigate your options. You should chase after big savings being promised on TV or reply to unknown e-mails. You should go about it in a safe and sound manner with reasonable expectations. If you can get a great quote and save hundreds of dollars it is great. Otherwise, you have been a good consumer and looked at your options
Timing is important when switching auto insurance companies too. You want to get out of your current contract with minimum hassle and save some money. Therefore the best time is when the current policy is due for renewal. This is the time you can walk away without any penalties, fines or fickle premium re-adjustments. A simple call to notify them of the fact that you are not staying with them would be enough.
Normally, most companies have no issues with the customers who are leaving. Some may try to offer you a sweater deal to keep your business. They may surprisingly find a way to cut the premium. This would give you a chance to think it again and you might as well stay if the price was the only issue.
There are certain benefits to being with a company for some time. One of them is to qualify for accident forgiveness. This option is offered once you are with the company about five years. Some companies offer this great facility as a kind of reward and thank you. They charge a very little additional premium. Others may use it as a chance of an up-selling.
When you realize that your current insurer is playing tricks on you and you have a better deal somewhere else you may be better off walking out. Many companies offer great deals to new customers including accident forgiveness from day one providing you haven’t had any claim in the last five years.
One thing you shouldn’t do is to go with any company. You should check them carefully before even asking a quote. There are constant e-mails and messages from questionable people to offer you auto insurance quotes. Be careful with them. There are many reputable providers you can talk to or get quotations that you don’t need to look at dubious sources. Hopefully, all go well for you and you can get additional coverage as well as low prices.