Guide to Shopping for Car Insurance

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Shop their policy did not cover that additional driver. There are many factors to consider when shopping for car insurance, including your state’s laws, your driving record and the price of insurance in your area. Because of all these factors, there’s no universal answer to when you should shop for car insurance; rather, the best time to shop will vary depending on your specific circumstances. If you’re trying to figure out when you should start comparing rates from different insurers, then read on to learn what situations are the best times to buy car insurance.

 

Best Time To Shop For Car Insurance

The best time to shop for car insurance is when you get a renewal letter. This allows you to shop around and see if you can find cheaper rates. It’s not uncommon to find great discounts or extra incentives that are only available if you apply within a certain timeframe. That being said, shopping around for quotes is usually pretty simple–All you need is your current policy number and any information about existing discounts, along with some personal details such as age, gender, driving record, and location.

 

Best Time To Shop For Accident And Collision Coverage

Accident and collision coverage is a major factor in determining your car insurance premium. While you may think that any time of year is a good time to shop, there’s actually a specific window when it makes sense to purchase coverage. Experts recommend shopping from August through October. During these months, you’ll likely find yourself shopping for annual auto insurance quotes and comparing prices from different insurers. Make sure you call around and get estimates from at least three different companies or agents before deciding on a plan that works best for your needs. In addition, keep an eye out for insurer-specific discounts offered by some companies during certain months of each year; some insurers will give credit toward your annual premium if you secure coverage before December 31st.

 

Best Time To Shop For Liability Coverage Car Insurance

When shopping for car insurance, it’s important to review your policy on a regular basis. Liability coverage protects you in case you injure someone or damage their property while driving. The best time to shop is when you are renewing your policy. This allows you to keep track of how much your rates will increase as well as determine if there are better options out there.

 

Best Time To Shop For State Minimum Limits Car Insurance

When you’re first starting out in life, it’s a good idea to opt for a state minimum insurance requirement, which usually provides around $25,000 of coverage. Since you’ll be driving an older vehicle that probably won’t sell for much, it makes sense not to go overboard on insuring your car. You can always increase your policy later if you need more protection.

 

Best Time To Add Additional Drivers Or Vehicles

Sometimes, in order to save money on your car insurance, you may be tempted to add additional drivers or vehicles. While it may seem like a great way to save cash, adding extra drivers or vehicles is never advisable. Especially when you’re still paying off debt on your primary vehicle. If anything were to happen and your car was stolen or totaled (or if you had an accident) . And your insurance company realized you’d added a driver but hadn’t informed them about it? They could immediately void your coverage since technically their policy did not cover that additional driver. So what should you do instead? Shop annually during open enrollment times when rates are locked in.

Check Out 5 Ways to Shop Auto Insurance

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