Everyone knows the cost of car ownership has gone up in the last few years. As if the high price of a gallon of gas was not enough, there are the added expenses for tires and maintenance and car insurance. According to AAA, it now costs 3.4 percent more to own a vehicle than it did in 2010.
While you cannot control the cost of gas or tires, you do have some control over how much you pay for your car insurance. Many people simply do not want to be bothered to compare auto insurance quotes, but if they knew how much they could be saving, they might consider doing a little comparing of insurance quotes.
Since most policy periods are for six months or a year, you could conceivably change car insurance companies every time your premium is due. You could also change any time that you wished, although there may be some penalties or short-rate cancellation fees for any time you changed after you paid your premium. For more information on short-rate cancellation fees, please see this article. [insert Are there Penalties for Changing Insurance here]
You can change car insurance companies as much as you like. You just need to be aware that there may be a cost to doing a lot of switching around. Between possible fees and the time spent to compare auto insurance quotes, you may end up costing yourself more than you will save by changing companies.
This does not mean that reasonable auto insurance comparison is a waste of time. It is quite the opposite. When you take the time to compare auto insurance quotes, you are taking control of your financial future.
Not only should you compare auto insurance quotes regularly, you should also include your own current insurance company and you should compare many different companies in your auto insurance comparison. You should get as many different insurance quotes as you can get, keeping in mind, that they all need to be for the same coverage, deductible and vehicle.
Just because you can change your car insurance company as often as you like, does not mean that it is a smart way to save money. It will depend upon your current car insurance company, but there may be a discount for your loyalty.
Even though the car insurance company cannot do discounts randomly since the government regulates them, they may be able to give you a discount for the length of time that you have been insured by them. Customer loyalty does have rewards attached to it, and a small discount may make the difference between a cheap car insurance premium and a cheaper car insurance premium.
By comparing rates from several different companies and talking to your current car insurance agent, you may be able to get your car insurance premium the cheapest possible.
Keep in mind that when you do your auto insurance comparison that you have your current policy in front of you so that you can get the same coverage, the same limits and the same deductibles included in your new insurance quotes. Sometimes quotes are not quite the same coverage and that can make all the difference in the premium amount.
It is easy to get a new quote; you can get it online or by calling your insurance agent and telling them that you are shopping around for rates.
Online quotes are quick and available to you 24/7 and they will give you a starting point towards saving money on your car insurance.
If you have not done anything to compare auto insurance quotes lately, it does not cost you anything to get a new quote and you may find that you can save a lot of money on your car insurance.