From time to time, drivers may want to check their car insurance coverage to make sure they are not paying too much. Part of monitoring household expenses is to keep looking at things like an auto insurance policy to see if there are extras that a family or individual can do without. Getting car insurance costs off of your policy involves a few basic steps.
Do a Quick Online or Document Check – The information that you will use to determine unnecessary car insurance costs is going to be in your initial agreement. Look for specific items that you don’t need any more, from extras like roadside assistance and rental car insurance to partial coverage on older vehicles, or collision and comprehensive coverage on vehicles that have depreciated.
Identify Your Extra Costs – Make notes of these items that you intend to drop, and do a quick double-check with all of the drivers on the policy to make sure that your steps to reduce car insurance make sense.
Call Up the Insurer – Although some insurers have online options for removing unnecessary auto insurance coverage, the most reliable way to communicate your desire is through the phone. You should be able to reach an auto insurance representative with the power to change your policy, who can offer a customer service ID or confirmation number as a way to verify that you have changed your policy. Keep this information on hand, as it could be important if the desired changes are not correctly made.
Look for the Difference on Your Auto Insurance Statement – After you drop these extras, you should see your policy payments dip. If you have made up-front policy payments, you may receive a pro-rated refund. If you can’t see the changes through your billing cycle, look at your online account to make sure the changes have been made.
These basics steps will get you closer to your household financial goals with lower car insurance rates.