Your auto insurance is one of the most important parts of your life. In fact, Raleigh residents have to be covered – North Carolina law requires that you have auto coverage just to have a license. But while there’s no way to avoid having auto insurance, there is a way to make sure that your vehicle insurance does everything it should for you – regular reviews.
You don’t have to dive into your policy every month by any means, but at least once or maybe twice a year, taking a good look at your policy could help you identify whether or not it’s providing the coverage that you need and whether or not you’re saving money on it as well. The best way to do this is to do a review with your auto insurance provider, of course. Either way, here are a few of the things to look at when you do your review.
- Do You Only Have Liability? – Start by figuring out what your policy covers. Liability is the bare minimum and just having that could save you money, but it translates into much less coverage. If you’re in an accident with only liability, you’ll have to pay for repairs to your vehicle. That could add up big, so it’s worth considering whether or not you need more coverage.
- What Does Policy Cover? – Are you protected against hail damage, for example? Or just how much are your premiums as compared to your deductibles? These are basic things you’ll want to pay attention to – sometimes your coverage may not be everything you think it is.
- Do You Qualify For Discounts? – Look into whether or not you may qualify for things like safe driver or loyal customer discounts. Sometimes these are automatically applied, but sometimes you may get overlooked. Just asking your auto insurance agent could help you get a lower rate.
- Can You Bundle? – Finally, can you bundle coverage? Bundling auto and homeowner’s insurance, for example, could lead to a better deal on your insurance policy and help you save in a big way.
As mentioned above, just taking the time once a year could be all it takes to improve your current policy and take advantage of potential special offers from your insurance company. It will usually only take a few minutes, but it’s really time well spent when you consider how big of an impact your insurance has on you.
We can help. Contact us at Amistad Insurance Services to review your current policy and see if we can help improve it.