Things to Know Before Switching Car Insurance Providers
You think it is time to switch car insurance providers, but there are certain things you should know before you do that. Here is the list of what to know before switching car insurance providers. Know what the new policy includes You might make the mistake of focusing on only one aspect of the new insurance policy and assume that it is the best deal. Often, it isn’t. You want to make sure that you compare and know exactly what the new policy exactly includes. For example, many people tend to focus on a low quote that entices them to the new insurance company to realize later that the coverage is much less than the previous one. Know your new policy inside out. Cancel old policy Canceling your old policy is what to know before switching car insurance providers. You want to cancel the old policy before the new one starts officially. Experts recommend that you get a written confirmation letter for the same to be on the safe side. If you don’t cancel your old policy, your old insurance provider can continue billing you, and when you don’t pay, your credit score will suffer as a result. Coverage gap You should ensure that there is no coverage gap.