Have you been thinking of switching your car insurance? Auto insurance needs to be changed over time, especially if you want to try out a new low-cost policy or find the best insurance provider to protect your financial assets.

Additionally, if you have a car that has served you well for many years, then the best time to switch the car insurance could be now. Protect My Car is an auto insurance company that best serves the needs of people with older cars. They offer maintenance plans for cars that are more than a decade old helping them to cover costs such as car repair, tire rotations, and oil changes.

Besides owning an old car, here are other circumstances that may require you to switch your car insurance:

Moving to a new city or postcode

The city or country that you live in has an impact on your car insurance premium. If you are moving to a new location, we recommend you consider switching your car insurance. You may find other favourable options in your new location.

Adding a car

Perhaps one of your children just reached the legal driving age, passed their driving test, got a license, and you would now like to surprise them with a new car on their birthday. This is a great time to check out the quotes of other insurance carriers. You may come across an auto insurance company that charges lower premiums for the new car.

Nearing the renewal date

Although you can change your insurance at any moment, we highly recommend that you make the switch near the renewal date. Cancelling the old policy on its renewal date has less risk of incurring refunds or small bills on the old policy.

Helpful tips when switching car insurance

Although some insurance companies advise their clients against switching car insurance, it can actually be beneficial to you. There is no point in sticking with an insurance plan that no longer favours your financial needs. If you have been thinking about switching your insurance provider but are a bit hesitant, here are a few good reasons why you need to make the shift:

• You could come across another car insurance with a lower premium that fits your budget
• There could be another car insurance that offers you more coverage options
• You may discover a different insurance plan that provides additional discounts, which you qualify for
• Some auto insurance providers have advanced platforms like mobile apps, which your current insurance may not provide

Below are some important things to remember when switching car insurance.

Consider your coverage options

Too much insurance coverage will cost you more while too little coverage might leave you financially exposed. Do you think you may be overspending on insurance? If you do, this might be the best time to switch the car insurance.

Do you drive an older car? If so, are you aware that you may not need comprehensive and collision insurance? We recommend that you first learn about various types of car insurance coverage and determine which car insurance coverage you need. This will enable you to figure out if your current insurance meets all your needs or whether it is time to change.

Compare other available insurance providers

The highest number of people who switch their car insurance are those with cars older than a decade. If this sounds like you, do not shy away from looking for another insurance provider. Take your time and compare the premiums, coverage options, and discounts that other companies are offering. Ensure that the new insurance provider you select is offering you better quotes for the same coverage.

Check if your current insurer can reach new quotes

Before you leave your current insurance provider, check with them and see if they can offer you lower rates. Sometimes, insurance companies offer loyal customers discounts and other saving opportunities in a bid to retain them.

If the company is not willing to sweeten the deal, then go ahead and make the switch to a more favourable insurance provider. Before the switch, however, be sure to notify the insurance company that you are switching so that they can prepare the necessary paperwork.

Did you find the above information useful? Check out more details about switching car insurance on No Car No Fun.