Compare auto insurance quotes every time your insurance comes up for renewal. That is the simplest way to make sure you are never overpaying for coverage (you can take advantage of some free auto insurance quote available online). Rest assured, sometimes you may go years without seeing a compelling reason to switch from your present provider.
But then one time it happens. Suddenly the nearest competitor to your present auto insurer offers a deal you cannot resist. You know they offer comparable service, have solid customer service, and pay out on claims with a reasonable quickness. Should you compare auto insurance quotes and find that a competitor offers a rate that is hundreds of dollars less for the same policy limits and deductibles give you two main options.
One, call your insurance company and see if they can match the price. Sometimes they can and sometimes they cannot. Make sure that you sign up for the new policy with the competition before shutting off an old insurance policy.
Option 2: Compare Quotes
If there are no great discoveries for an easy $300 savings, still look at the options before you. See if comparing quotes gives you access to some extras for the same cost. Sometimes you may find roadside assistance is super inexpensive, or that adding other drivers barely tips the scales with other insurers.
Evaluate Your Budget
Maybe you have more spending cash right now but are saving up for a new car. Pulling back on collision and comprehensive on your old jalopy could save you extra money. Take advantage of all of the savings you can get on a new car.
Look for insurance companies that seem to reward drivers with lower rates for buying a newer car. New cars have incredible safety features compared to cars from 15 to 20 years ago. If you are a holdout, you might find newer actually is better.