Car Insurance And Reviewing Your Protection

If you have car insurance you probably have coverages based on a variety of factors, including the type of car you drive, mileage, your age and more. However, changes happen and it may be time to review your coverages. Here are some things to think about.

A policy review, or annual review, is something every person with car insurance should do. An easy way to manage this is to do your review when your policy is up for renewal. You can do the review with your agent or on your own.

But why do you need to do the review? Over time, your auto insurance needs may change. For example, maybe you've changed jobs and don't drive as far as you used to. Or maybe you can afford a higher deductible. Perhaps you've had a birthday that's put you into a more favorable age class for auto insurance companies. These types of changes may actually make your insurance premium lower, but if your insurance company doesn't know it you won't be saving.

You also may be able to eliminate coverages you no longer need, or qualify for discounts based on your age or if you've installed a car alarm. Check with your current company. You may also want to do some comparison shopping to make sure you're still getting the best value. Rates at other companies may have changed since you got your current auto policy, or a new company may be doing business in your state.

Since car insurance rates vary from one company to the next, you may be able to save hundreds of dollars. Just go online and do some comparison shopping. Either visit a few different company Web sites or save yourself some time and get quotes from a single insurance comparison site. These sites will distribute your information to several companies or agents so you get different, competitive quotes from one site.