3 Warnings Before Changing Car Insurance Companies

We have all been bombarded with ads, emails, advertisements, and signs saying how much we can save on our car insurance by switching to another company. It is a competitive industry. The fact that another company is offering a better rate does not mean you have to rush to call and cancel your insurance and switch. There are certain things that you need to make sure before doing so.

Here are some things to consider before switching your " car insurance  " company to another.

If you have been in business for many years and offers first accident eliminate credit you have, you may want to stay or to see if other companies can match. Sometimes this is known as a pilot voucher or accident forgiveness or reduction of longevity. The company rewards you for your loyalty by releasing the first accident you have.

This reduction can be very important. Like most accidents can increase the rate by 40% for 3 years, the savings can be several hundred dollars in a period of 3 years. But when you switch carriers, this credit you've built is lost. If you have an accident with a new company how much you will regret not having accident forgiveness to see their rates go up 40%?

Another thing to consider is to ensure that the company has changed not only offers a teaser rate for the first 6 months to get your business, then at 6 months, once you have it on their books. Because car insurance is a lucrative industry, the company can offer a low ball rate to make your change and then after they had to raise interest rates at renewal. 

If the level of new business quote seems too goo really do more research. Check the insurance forums or search Google for "XYZ insurance + Reviews."

Beware of hidden costs. It is one that may surprise you. Some companies charge for monthly payments - usually $ 3 - $ 5 per month. In the year it came out to $ 36-60 $ fresh that can take a big bite out of your savings potential to be sure to take into account the level you compare .. Make sure you actually save money when switching.

Two other things to consider when shopping for car insurance and the web are the opening hours of the new company. Make sure your working hours with their hours. If you only open 8-5 and 8-5 job, when you will be able to call if you have questions or need to make a claim? 

If you do all your business online, you want to make sure that the company you are looking at a site that is able to assist you 24 hours a day.

You can save money by purchasing your car insurance around. Just be sure to remember the things that I mentioned to make sure the deal you see is really good.

" We must think well if we need car insurance or not "