What to do when switching auto insurance policies.

Whether you have purchased a new car, moved out-of-state, or simply want to get a better deal on your auto insurance, there are many reasons why you may want to get a new car insurance policy.  Fortunately, all standard auto policies come with a provision that allows you to cancel your coverage whenever you want.  However, before you call to cancel your policy, take these steps first.

  • Research Your Policy Options

It’s not advised to cancel your auto insurance policy before having a replacement in mind.  Rather than risking a coverage gap, it’s better to know which carrier you want to switch over to before sending your current insurer a cancelation notice.  When shopping for a new auto insurance provider, get several quotes so you can compare different carriers’ coverage options, coverage limits, deductibles, discounts, and so on.

  • Activate Your New Coverage

Once you have found your new auto policy, you must sign off on this coverage before taking steps to cancel your old policy.  While your coverage will overlap for a short period of time, taking this precaution avoids any gaps in your car insurance.  Because coverage gaps result in higher auto insurance premiums, it’s actually more cost-effective to pay for double-coverage temporarily than risk a gap in your insurance record.

Take these steps for a smooth transition when switching auto insurance providers.  Do you have questions about your car coverage?  If so, then contact the experts at Weaver & Associates in Arcadia, California.  We are ready to assist you with all your insurance needs today.