Many drivers purchase car insurance and never review their coverage. Regularly updating your car insurance to ensure it provides appropriate financial protection is crucial for several reasons.
Life Changes Can Trigger the Need to Update Auto Insurance
Numerous life changes can affect your car insurance needs, including the following:
- If you move, especially to a different state, your insurance rates could change due to variations in risk and insurance laws.
- Adding or removing drivers from your policy is essential as your family grows or changes.
- As your car ages, its value changes, and you may want to adjust your coverage.
Ensure Adequate Coverage
Your current coverage might need to be increased due to lifestyle changes, new vehicle acquisitions or changes in financial status. Regular reviews help you assess whether your coverage limits protect your assets adequately.
Your agent can help determine when to reevaluate your car insurance coverage. After a significant life change, contact them to determine if adding or removing coverage is appropriate.
Get Car Insurance Discounts
Insurance companies often change their discount offers. You could be eligible for new discounts based on your safe driving record, installation of new safety features, or bundling your car and homeowners’ or renters’ policies with the same insurer.
Your agent may have access to numerous auto insurance discounts. Ask about discounts for attending a defensive driving course or getting good high school or college grades.
Periodically reviewing your auto insurance with your agent allows you to compare rates and possibly find more affordable coverage. The insurance market is competitive, and better deals may be available than what you currently pay.
Auto Insurance Laws Are Subject to Change
California requires that all drivers maintain auto liability insurance coverage to help cover third-party accident-related injury and property damage claims. The minimum dollar limits can change anytime, so check in with your agent annually to verify that your policy complies with California’s insurance requirements.
Contact Us
Shop around for auto insurance for the best possible combination of coverage and price. Your agent can help you get appropriate auto insurance coverage after a significant life change and review your current coverage to help you get favorable rates.
Contact Churchill Insurance Inc. in Yreka, California, to start comparing auto insurance quotes.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.