When - and How - To Shop Around Again for Car Insurance

When - and How - To Shop Around Again for Car Insurance

When - and How - To Shop Around Again for Car Insurance

You probably did a lot of shopping before you bought your current car insurance policy. You may have gone online and filled out a form on an insurance comparison site. Perhaps you called the individual companies and requested rate quotes. No matter how you shopped, you probably did a lot of comparison and research before you chose the company that insures your vehicle.

Once that coverage was in place, you probably just left it renew year after year, even as that initial low rate started creeping up. If it has been some time since you shopped for car insurance, you might be surprised at what you find.

There are a number of things that should always trigger a new round of car insurance rate comparisons. These life events can have a profound impact on your rates, and shopping around is often the best way to protect yourself.

1. You Move to a New Home

Your ZIP code can affect more than just your mail delivery. Moving from one ZIP code to another could have a big impact on your car insurance rates. You should compare rates on car insurance any time you change residences. Car insurance rates within the same ZIP code can vary by as much as 100 percent or more from company to company.

Be sure to have a copy of your current car insurance policy with you when you request those new quotes. You will need to know how much liability coverage you currently have, what your collision and comprehensive status is and what kind of additional discounts you currently have in place.

2. You Commit a Minor Traffic Infraction

Even a minor moving violation like rolling through a stop sign or making an illegal right turn on red could cause your car insurance rates to jump significantly. If you have recently been issued a traffic citation, use that as an opportunity to shop around for car insurance.

Give the new companies all the information about your recent run in with the traffic laws and your previous driving record. Then compare the rates you are given to the renewal rate on your current policy.

3. The Teenager in the House is Ready to Hit the Road

Adding a new driver to your policy is never easy - or cheap. When your teenage son or daughter gets ready to hit the road, chances are your insurance rates will head north. Taking the time to shop around can reduce the pain and help you get the best possible rate for that newly minted driver.

4. Your Curiosity Gets the Better of You

You do not need a specific reason to shop around for car insurance. Merely being curious about what rates are available is enough of a reason to start calling around. It only takes a few minutes to compare insurance rates and coverage amounts, especially if you use one of those popular online rate comparison tools.

Once you have all those rates in front of you, it will be easy to compare coverage and find the company that provides the best possible coverage at the lowest possible price. No matter what the reason, shopping for car insurance could save you a lot of money.