Make Sure All Vehicles Are Properly Listed
The first thing that you should do is make sure all your vehicles are properly listed. It is easy to make errors during the process of adding and removing vehicles from a policy. Be sure to check whether the vehicles are properly listed. If you come across an error, be sure to notify your car insurance agent as soon as possible.
Review All Possible Discounts
The next step that you should take is reviewing all possible discounts. Most auto insurance carriers have a long list of discounts that you can take advantage of.
In general, you can find a list of all discounts offered as well as a list of the discounts you're taking advantage of in your packet for auto insurance renewal. If you're not sure what a discount means, you should reach out to an auto insurance agent.
While reviewing your auto insurance policy, you should make sure that you're receiving the following discounts (if eligible):
- Financial stability discount: Most insurance companies will use your credit score to serve as a rating base for your auto insurance rate. If you think your credit score has increased recently, you should ask the insurance company to take your new credit score into consideration. Any beneficial impact will be reflected by your insurance rate.
- Multi-car discount: You are eligible for a multi-car discount with most auto insurance companies if you have more than one vehicle. In general, this discount usually isn't missed unless there is a computer or human error.
- Multi-policy discount: This discount for having more than one policy is frequently overlooked, unfortunately. When you add a second policy, like a motorcycle or homeowners policy, your auto insurance agent will need to add this discount manually.
You should take the time to review your auto insurance policy on a yearly basis. For more information about how to review our auto insurance policy before 2020, don't hesitate to contact us.