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How You Can Switch Auto Insurance Carriers

shanking hands with new car insurer, steps to take when changing your auto insurance provider

Steps to take when changing your auto insurance provider.

There are many reasons why a driver may want to switch auto insurance policies.  For instance, they may be moving to a new state that their current insurer doesn’t cover, they may need a policy that suits their changing needs, or they may simply want to get a better deal on their policy.  Whatever your reason, there are some things to take care of before making the switch.  Here are some of the important steps to take when changing your auto insurance provider.

  • Learn About Your Insurer’s Cancelation Policies

While the easiest time to cancel your auto insurance policy is during the renewal period, all standard auto policies include a provision that allows the policyholder to cancel coverage at any time.  However, you must give your insurance provider ample notice before your intended cancelation date.  Before contacting your insurance provider, make sure you know their cancelation policies.  This way, you can report your cancelation on time and be ready to pay any cancelation fees.

  • Research New Policies

Before canceling your existing auto insurance policy, you need to know which insurer you are switching over to.  This means that you need to research your options and request quotes from several different carriers.  Compare the coverage options, coverage limits, deductibles, discounts, and price that each insurer offers, so you can make an informed auto insurance decision.

  • Overlap Your Coverage

Once you have found your new auto policy, it’s important that you sign off on this coverage before taking steps to cancel your old policy.  While your coverage will overlap for a short period, taking this precaution will help you avoid any gaps in your car insurance.  Because coverage gaps equate to higher auto insurance premiums, it’s actually more cost-effective to pay for double-coverage temporarily than risk a gap in your insurance record. Once the underwriting process with your new company is clear you can retroactively cancel the old policy to when your new policy began.

These are some of the essential steps to take when changing your auto insurance provider.  Are you looking for a new auto insurer in North Texas?  If so, then contact the experts at Mike Leonard Insurance Agency.  Our dedicated team is eager to find you the right coverage from one of our many carriers, including: Kemper, State Auto, MetLife, Nationwide, Travelers, The Hartford, Safeco Insurance, Progressive, and American Strategic Insurance.

At Mike Leonard Insurance Agency, our goal is to serve our clients with comprehensive personal insurance solutions at affordable prices. Because we are an independent agency, we are able to prioritize our clients' needs without having to worry about confounding factors such as commissions or overhead costs.