Being insured with the same insurance company for years can have its advantages, however there are many reasons to switch insurance companies. Maybe you have found a cheaper company, moved to a new area or are unhappy with your current agent or company.
Although there are many reasons to switch, typically the main reason is price. Nowadays, checking the price of insurance policies is easier than ever. Many companies provide quotes 24 hours a day on the web or over the phone. When preparing to switch companies, the first step is to obtain a comparison rate quote from a few insurance companies. Be truthful about all your information to insure an accurate quote. The company will discover any accidents, claims, tickets or poor credit history anyway. Make sure the quote is apples to apples with the coverage you have currently.
Once you have compared the prices and coverage, decide on the insurance company. Check the financial stability of the company prior to making your decision. Then you need to place the order to get the coverage started. This means giving the agent the ok to proceed placing the coverage. Usually the agent will ask you for a copy of your old policy so he/she can handle canceling it. A cancellation request needs to be signed and then a form letter is sent to the old insurance company notifying them of the change. The insurance application needs to be signed and a deposit needs to be made. Make sure the new insurance is effective the same day your old policy terminates, thus avoiding any lapse in coverage. One very important point, never cancel the old policy until the policy is in force.
Once the new coverage is in force, the agent will provide you with an insurance identification card to place in your vehicle as proof of coverage. The typical processing time to receive the actual policy normally takes 2-3 weeks. The policy will be mailed out to your address. Review the policy for accuracy of the information, coverage and rates. If everything is correct, the next item you’ll receive of course if the invoice.
This whole process can be completed in one day. If there are any questions or problems, the agent or company should be able to handle them with a phone call. The whole process is quite easy and the agent or company normally handles most of the work.
Although there are many reasons to switch, typically the main reason is price. Nowadays, checking the price of insurance policies is easier than ever. Many companies provide quotes 24 hours a day on the web or over the phone. When preparing to switch companies, the first step is to obtain a comparison rate quote from a few insurance companies. Be truthful about all your information to insure an accurate quote. The company will discover any accidents, claims, tickets or poor credit history anyway. Make sure the quote is apples to apples with the coverage you have currently.
Once you have compared the prices and coverage, decide on the insurance company. Check the financial stability of the company prior to making your decision. Then you need to place the order to get the coverage started. This means giving the agent the ok to proceed placing the coverage. Usually the agent will ask you for a copy of your old policy so he/she can handle canceling it. A cancellation request needs to be signed and then a form letter is sent to the old insurance company notifying them of the change. The insurance application needs to be signed and a deposit needs to be made. Make sure the new insurance is effective the same day your old policy terminates, thus avoiding any lapse in coverage. One very important point, never cancel the old policy until the policy is in force.
Once the new coverage is in force, the agent will provide you with an insurance identification card to place in your vehicle as proof of coverage. The typical processing time to receive the actual policy normally takes 2-3 weeks. The policy will be mailed out to your address. Review the policy for accuracy of the information, coverage and rates. If everything is correct, the next item you’ll receive of course if the invoice.
This whole process can be completed in one day. If there are any questions or problems, the agent or company should be able to handle them with a phone call. The whole process is quite easy and the agent or company normally handles most of the work.
No comments:
Post a Comment