Could it be Time to Leave your Car Insurance Company?

The decision to leave your car insurance company for a competitor is never an easy one to make. This is particularly true if you have been a customer for a long period of time.

While this may not be a move you are looking forward to, when everything is said and done you will look back and realize that you did what was best for you, your car, and your financial situation.

Here are five times when you may want to consider leaving your car insurance provider:

1. Premium increase. Is there anything worse than receiving word from your car insurance company that your premium is going to increase the next billing cycle? This is something you may expect if you received a speeding ticket or caused an accident. However, if there is no reason for the increase it can be extremely frustrating.

Note: if your car insurance company has increased your premium, contact your agent to discuss the reason behind this decision.

2. Poor customer service. You pay a lot of money for car insurance, and for this reason you should expect to be treated like a valued customer at all times. If your provider is overlooking the importance of a good customer service experience, it may be time for you to find somebody who values your business.

3. One or more discount was taken away. There are many ways to save on the cost of car insurance, such as through the use of discounts. If your car insurance company takes away even one discount, regardless of the reason, it is going to have a negative impact on your premium.

You should know which discounts are applied to your account right now, ensuring that any change in the future can be pinpointed with accuracy.

4. No longer cheaper than the competition. When you first purchased a policy, your car insurance company may have been one of the most affordable in your area. Over time, this has the potential to change.

The best way to determine if you are still getting a good deal on price is to compare your current premium against a quote from three competitors. This will give you a clear understanding of whether or not you are overpaying or still getting a good deal.

5. An argument when making a claim. It goes without saying that you never want file a claim related to an accident. If you do find yourself in this position, you expect your company and agent to step in and help you with the claims process.

When filing a claim it is safe to assume that you are already in a stressful situation. If your company fights with you about this, regardless of the reason, it is just going to make things worse.

If you find yourself contemplating a change, don’t suppress your feelings. Take a closer look at your current car insurance company, while also considering the benefits of making a change. Only then can you decide with confidence how to move forward.