Although brand loyalty can be a fantastic thing for some consumer items, sticking with the same auto insurance company for year after year can be an easy way to lose money. Should policyholders simply renew as a matter of course or should bigger steps be taken in order to secure the cheapest auto insurance quotes available?
When the validity period on an auto insurance policy is coming to an end, your carrier will usually send out a notice of renewal. To terminate the policy, a letter of cancellation must be sent, otherwise your auto insurance company will automatically renew on your behalf and continue taking money from your account.
It pays to keep a close eye on the length of an existing deal and before your renewal letter arrives, try to look through a price comparison website to see if better deals are available from other companies. Often, your existing insurer will be applying dated auto insurance rates that don’t reflect your own levels of loyalty and this often goes unnoticed by many drivers.
By keeping a constant eye on the existing marketplace and finding the best available deals, it’s perfectly possible to switch to different carriers on an annual basis so that the best premiums are always assured. If you really don’t want to make the break from your current insurer, at least make them aware of the fact you could be getting cheaper auto insurance quotes elsewhere. Often, they’ll agree to match another price just to keep your business.