3 Tips for Renewing Your Car Insurance Policy

3 Tips for Renewing Your Car Insurance Policy

Find Cheap Auto Insurance Quotes in Your Area

Currently insured?

If you're like most drivers, you don't think about your insurance policy more than once or twice a year when it's time to renew.

But by shopping around, adjusting your coverage and looking for discounts, you stand to save hundreds of dollars a year.

Don't assume your company has the lowest rates

Before you take a look at your policy, check whether your company is known to offer the cheapest car insurance rates.

In any city across the U.S., you'll find several car insurance companies vying for your business — and their policies might differ by hundreds of dollars a year.

The competitiveness of the auto insurance market makes it so no one company is the best priced in every town and city. For example, Geico is one of the cheapest insurers in nearly 60% of all cities we surveyed — but in many others, it's a more expensive option. The only way to know where you can save money is by comparison shopping.

Even if you're happy with what you're paying, there's a good chance another company can offer you an even better rate. Simply start comparing car insurance quotes online.

Make sure you have the right coverage

You might want to stay with your insurer if you have a good relationship with your agent or you receive nonmonetary perks. Luckily, you can still save money by adjusting the coverage you have. Agents can steer you toward the right coverage, but some companies — such as Esurance, Geico and Progressive — simply show you options online. Your car insurance needs can be tricky to gauge, but getting the right coverage can help you save hundreds or thousands a year.

Look for car insurance discounts

Most major insurance companies offer car insurance discounts. Some actions, like having anti-lock brakes or going accident-free for several years, may get you an automatic discount. With others, like the good-student discount, you might need to request the discount and show proof.

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