You can buy car insurance policies online in many cases, and it’s a streamlined process. Buying car insurance is different than renewing your car insurance, though. When you need to renew car insurance, the process can change depending on where you live in the United States and the type of car insurance you currently have. In this article, Part 1 walks you through the terms of your current car insurance policy, Part 2 helps you compare quotes for coverage, and Part 3 tells you how to complete the renewal.
Part 1 of 3: Understand the terms of your current car insurance policy
Steps for how to renew your car insurance is likely listed in your current car insurance policy. Know and understand the terms of your car insurance to prevent problematic gaps in coverage.
- Note: Gaps in car insurance coverage can result in penalties, losing valuable discounts, or even policy cancellations.
Step 1: Discover if your car insurance has automatic renewal. Most insurance companies use automatic renewals to prevent gaps in coverage.
If you don’t see it in your paperwork, check your online account for details on renewals.
Step 2: Make note of the important components in your insurance. This includes deductibles, liability coverage, collision and comprehensive coverage, and medical coverage.
Understanding your current coverage will help you decide if you should continue on with the same coverage or if you want to change your policy or insurance providers.
Part 2 of 3: Compare quotes for coverage and changes in circumstances
Step 1: Decide if your coverage works for you or if you need to change it. If your needs or situation have changed, you may want to change your policy.
For example, if you’ve paid off your car, you no longer have a lender commanding you to have comprehensive or collision insurance. While they are excellent coverages to have, your premiums can be reduced significantly if you change these components.
Step 2: Shop online for comparison quotes. If you want to save money on your car insurance, you may find a provider that has the same or better coverage for less cost.
Get quotes for at least three to five car insurance companies to determine who has the best pricing for your needs.
- Tip: Purchasing car insurance from an insurance company that holds your life insurance, home insurance, or other policies may entitle you to additional discounts.
Part 3 of 3: Complete the renewal
Step 1: Let your automatic renewal occur. If your policy is set to automatically renew, there’s nothing you need to do right now.
Your car insurance will continue with your current provider and current coverages.
Step 2: Complete your renewal online or on the phone manually. If you’ve chosen not to automatically renew, you are required to contact your insurer before the policy expires to complete your renewal.
Most companies offer online renewals through your account.
Car insurance is a necessity when you own a car. If it’s time to renew your car insurance, it’s also a good time to shop for lower prices and the right coverage.