It is a somewhat typical situation for Australian road users to automatically renew their existing auto insurance policy the moment a reminder arrives through the post. In many instances, policyholders rarely examine the auto insurance rates that are being applied for the following year. They naturally assume that they will have received discounts by maintaining a further year of accident-free vehicle use.
Somewhat surprisingly, this is not necessarily the case. Indeed, there are many Australians who continue to drive their vehicles responsibly yet suffer the burden of increased auto insurance rates because of the actions of other drivers. Auto insurance companies tend to increase their rates as a means of recouping their losses from previous years. These losses tend to be spread out throughout the entire customer base rather than through drivers with a series of accident-related claims.
It is essential that all auto insurance quotes, especially renewals, are carefully reviewed. If your auto insurance rates have increased, even though you have had no accidents in the previous 12 month period, it may be advisable to look for new auto insurance quotes elsewhere. This can be done through the use of a price comparison website so that a multiple number of policy offers can be applied for simultaneously and compared to the deal that is currently being offered by your existing carrier. Indeed, there are many motorists in Australia who automatically apply for online auto insurance quotes a regular basis anyway. Many different companies implement promotions and discounts over the course of the year and apply these money-saving offers on every website where their products are sold.