Reasons To Change Auto Insurance Companies

No matter how exasperated or frustrated you may be with your auto insurance company, remember you're dealing with a business; an odd business, perhaps, but one that fills a vital need.
Anyway, just like a customer of any sort of business―whether it's a cable company, auto repair shop, or bank―you have the right to walk away. Here are some common reasons why you might want to do so.

 

Top Reasons to Switch Car Insurance Providers

High Prices

This ranks as the number one reason why drivers voluntarily choose to leave their present insurer. Just because your carrier offered competitive rates when you took out the policy doesn't mean that's still true. That's why you should comparison shop among auto insurers at least annually; it's easy and fast do this online.

Inadequate Coverages

Have you discovered your coverages have plenty of holes? Or, have your needs changed and maybe your current provider doesn't have the best type of coverage for your specific requirements? If so, it's time for find a new insurer.

Negative Claims Experience

If your insurer deals with claims slowly, tosses your claim around like a hot potato, or makes it a struggle to capture the money due to you, it may be time to move on. Just make sure you investigate your options, and find carriers with high marks in the claims department. Consumer publications can be a good resource for this, along with online insurance forums and personal contacts (such as friends, family, and colleagues).

Poor Customer Service

Is it hard to reach a company representative by phone or E-mail? When you do, are your treated in a discourteous, uncaring, unprofessional manner, even if you've been a loyal customer? Poor customer service alone causes many to flee to another provider. Again, though, conduct some research in this area before signing on with your new carrier.

 

Have a New Insurance Policy in Place First

Don't leave your current auto insurer without first changing auto insurance companies and having a new policy in effect.

Make sure your application has been approved, your payment received, and the start date selected before you contact your current provider about your move. Being without car insurance for even a day can trigger all sorts of troublesome repercussions you don't want to deal with.

And, yes, you should contact your insurer and cancel your policy instead of just letting your current premium period run out and not sending your renewal payment. Failing to notify your insurer could lead to headaches for you.

Besides, if you've been unhappy with your insurer, telling them good-bye can give you a little sense of satisfaction.

 

When to Leave Your Car Insurance Company

You can leave an insurer at any time, but it's best to wait until near the end of your premium period.

Some carriers charge a minor fee if you leave early on in the period. Plus, there's the possible hassle of getting a refund on your unused premiums.