Like most Americans, you’ve probably considered switching auto insurance providers at some point in your life. With the fact that rates can spike, and the growing list of competing insurers to choose from, there’s often incentive to look for a better deal. Or, if you’ve received poor customer service or are moving, this might also make you want see what else is out there for you.
But, choosing a car insurance company is just the beginning. Here are 3 common mistakes you’ll want to avoid when switching your car insurance coverage.
Missing Out on a Refund
If you paid for your old policy upfront, you are likely entitled to a refund. For example, if you paid for a six-month policy, but decide to switch during month three, your insurer should reimburse you for the remaining two months worth of coverage. Address this issue right away when you cancel your policy and follow up with your insurer in case of delays.
Failing to Cancel Your Old Policy
When you start a new policy, many people will forget to cancel their previous policy. In that case, your old insurer may continue to bill you or worse, report your failure to make payments, which could hurt your credit score. So make sure to cancel your old policy, and confirm (with written confirmation) that it has indeed been cancelled.
Not Confirming What’s Included
Before jumping on a low quote from the new insurance company, make sure you know exactly what you’re being quoted on. While you may be looking at a lower rate, you will want to make sure that your coverage is as good (or better) than your existing policy.
Conclusion
Your best option is to sit down with a licensed car insurance agent, that can both quote you rates on coverages, but also go over the coverage options to confirm that everything you need will be included. Contact Anderson & Associates today to speak with our Florida auto insurance agents, and we’ll treat you like family!
