Helpful Steps to Renew Your Car Insurance

1. Review Your Current Policy

Start by carefully reviewing your current policy. Check for any changes in your coverage needs, such as adding a new driver, purchasing a new vehicle, or making modifications to your existing vehicle. Make a list of any questions or concerns you have about your coverage.

2. Shop Around for Quotes

While it may be convenient to renew your policy with your current insurer, it can be a good idea to shop around for quotes from other insurance companies. This allows you to compare rates and coverage options to help ensure you're getting the right deal. Keep in mind that the least expensive policy may not always the best; consider the policy’s terms, including the coverage offered and policy limits, the insurer’s reputation and customer service.

3. Evaluate Discounts

Insurance companies typically offer discounts that can help reduce your premium. Some common discounts include:

Safe Driver Discount: For drivers with a clean driving record.

Multi-Policy Discount: For bundling multiple insurance policies with the same insurer, for example bundling home insurance and auto insurance.

Good Student Discount: For young drivers with good academic performance.

Anti-Theft Device Discount: For vehicles equipped with anti-theft devices.

Ask your insurer about available discounts and see if you qualify for any that are not currently applied to your policy.

4. Consider Adjusting Your Coverage

As your circumstances change, so do your insurance needs. Consider adjusting your coverage to better suit your current situation. For example:

Increase or Decrease Coverage Limits: Adjust your liability, collision, and comprehensive coverage limits based on your needs and budget.

Adjust Your Deductible: Increasing your deductible, for example, can lower your premium but be sure you can afford the higher out-of-pocket cost in the event of a claim.

Add or Remove Optional Coverages: Consider adding endorsements like roadside assistance, rental car reimbursement, or gap insurance if you believe they can provide value to you.

5. Review Your Driving Record

Your driving record plays a role in determining your insurance premium. Check your record for any inaccuracies and take steps to address any issues, such as attending a defensive driving course to remove points from your license.

6. Finalize Your Renewal

Once you've gathered quotes, evaluated discounts, and adjusted your coverage, it's time to finalize your renewal. If you're staying with your current insurer, follow the instructions on your renewal notice. If you're switching to a new auto insurer, contact them to set up your new policy and ensure there's no gap in coverage. You may also need to reach out to your old insurer to alert them that you are not renewing.

7. Set Up Automatic Renewals and Payments

To avoid lapses in coverage, consider setting up automatic renewals and payments. This helps ensure that your policy will be renewed on time, and you won't have to worry about missing a payment. Take steps to understand how to non-renew your policy in case you decide to make a change at renewal time.