-
Step 1
Jot down the relevant facts and figures of your current insurance: the yearly premium, liability coverage, deductible and any other information that is important to you when thinking of switching. This is the chance to tweak your coverage and adjust things even if you decide not to switch.
Using the wrong company for your insurance is just wasting money.
-
Step 2
Find out the exact date your coverage expires. You'll find the date in your policy, which you should receive annually. If you don't have a copy of your policy, contact your agent for a copy.
-
Step 3
Shop around for the best deal. Every insurance company offers quotes online, which will make comparison shopping a snap. Try different scenarios, including different levels of coverage, a higher deductible or multi-driver discounts. Find out if you get a discount from your job or any professional associations you're a member of.
-
Step 4
Meet with an agent of the company you've chosen to switch to. Explain exactly when your previous policy ends and when you want the new one to take effect. Allow the policies to overlap by no more than 1 day, but don't allow there to be a period of no coverage. Sign the paperwork and pay for the first term of insurance, if required at the time of signing.
By using the same company for home and auto insurance, you may be able save money.
-
Step 5
Cancel any auto drafts or debits from your bank account that pay for your previous policy. You may have to contact both the insurance company and your bank. Make sure you have sufficient funds available when the premium is due on your new policy.
How to Change Auto Insurance Companies
