7 Steps When
Switching Car Insurance
When renewal time for your car insurance rolls around, it's very easy to just go ahead and pay the premium and stick with the same insurer year after year. But that could be a costly mistake, because you might do better by switching car insurance companies.
When renewal time for your car insurance rolls around, it's very easy to just go ahead and pay the premium and stick with the same insurer year after year. But that could be a costly mistake, because you might do better by switching car insurance companies.
"A lot of us are creatures of
habit. I've been with the same company since 1983. But if you shop around, it
literally could save you anywhere from 5 to 50 percent a year," says
Melvin Butch Hollowell, a Detroit attorney and former insurance consumer advocate
for the state of Michigan.
Many industry observers suggest
shopping for a new policy every two or three years. If you find a rate that
beats what you're currently paying and you decide to change carriers, you need
to be careful so you won't wind up with a gap in your coverage. Follow these
steps to a successful switch.
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