People are always saying that there's very little downside to shopping around for the cheapest insurance price. It's definitely true, but, when's the best time to change insurance or do some shopping around? The answer could be simple, when there're some changes in your life, there should be some changes to your car insurance. Generally, you'd pay attention to the following timing:
1. Your current policy term is about to expire.
It's the most common reason for people to decide to switch their insurance. Remember, start your shopping around at least one month in advance. And when you decide to change an insurer, it's important to let your current insurer know.
2. Your marriage status changed.
If you're married or divorced, you should update your information for a new quote. Married people always pay less than single ones in insurance premiums. So after you get hitched, don't forget to see some other options for your insurance.
3. You bought a house or moved.
If you're a homeowner, congrats, you have a chance for getting policy discounts. Just contact an agent for further communication. And if you moved to a new place, your premium will also change according to where you live.
4. Your credit improved.
Credit-based insurance scores are one of the crucial factors for insurers to determine the policy rates. If your credit has improved since you paid for the last coverage, you may be able to purchase the coverage at a lower price.
5. Your vehicles changed.
The insurance companies will take how many cars you have as an important factor to evaluate the rate. If you bought a new car or will not drive a certain car, you might need to re-submit your information for new comparable coverage.
6. The drivers changed.
The number of drivers is larger, the insurance price is higher, and vice versa. And the exact change of the premium depends on the exact company. Especially when you need to cover a teenage driver under your insurance, seeing some other companies for the best price will be a sensible option.
7. Not sure if your current quote is the cheapest.
The ZUS app has already carried the quote tool for you to get a car insurance quote that gives you the right protection at an affordable price. So you can make a comparison.
Go to the Safety Center page > Settings > Start Saving Now, then get a quick start on the comparable quotes. And you will also have the chance to earn up to $5 Bucks as a reward. Tap here to learn more.
However, if nothing has changed in your life recently, it's always wise to regularly keep renewing your quotes every six months. And, more importantly, getting the quote is free anyway, so why not give it a try RIGHT NOW?