Car Insurer: Should I Stay or Switch?
Key Points
- You are able to switch your insurers whenever you want.
- If you are satisfied with the current insurer, stick with them.
- Switch the insurer if you are not satisfied with them.
If you’re a car owner, it’s essential to renew your insurance annually so that the coverage and legalizations are still current. Everyone knows that getting car insurance is very important. There is no shortage of insurers who provide various coverages with exciting offers and benefits to attract consumers!
However, things are always better when advertising. Once you get the insurance plans, you might realize not all insurance company give their word. For example, the slow claiming process and unfriendly customer service. You might be thinking, ‘Am I choosing the right insurance company? Should I change it?’
Many people will ask if switching to a new insurer is possible while bound by the previous policy. We will tell you that you CAN change your insurer anytime you like! Well, in this article, we will provide insight into whether or not you should switch car insurance companies!
Should I switch or stay?
Now, here’s the main question, should you stay with the current insurer or not? If the current insurer cannot satisfy your needs, it is best to switch to another insurer. However, suppose you currently receive the best rates and enjoy a high level of service from your current provider. In that case, there’s no doubt that sticking with them will be beneficial for both parties involved.
When should you switch car insurance?
Previous insurer does not meet your expectation
There is nothing more unacceptable than unsatisfactory service. You trust your insurer with their words, stating that they will provide the best service experience you will ever have. The reality is terrible customer service, a slow claiming process, and an expensive premium.
Therefore, you should look for a company that provides excellent customer service, always being prompt with their responses and giving accurate information.
Better plans
If you find that your needs are constantly changing, then consider switching insurance companies. Your car’s coverage should reflect these changes to protect yourself as well!
You can’t just buy car insurance without doing some research. You should reassess and estimate potential risks to your vehicle throughout the year to be more prepared in case anything happens!
For example, suppose you move into a location that has flood risk. In that case, you might need to consider getting a policy with special perils add-ons. Therefore, finding one that provides it will be the best. One bonus you can look for is the free towing service, and some insurers offer this service for free with terms and conditions.
Other insurers provide cheaper premium
We were raised to be money pinchers, and it’s only natural that we want the best prices for ourselves.
If you’re choosing car insurance, don’t just go by the price of premiums alone. Make sure your current provider is offering at least as much coverage and better benefits than what’s available from other companies before deciding to switch over altogether!
There are many different plans to choose from regarding car insurance. You should compare the features and benefits of each one equally so that you can find a plan which will meet all needs without any gaps – such as paying extra because they offer roadside assistance as well!
Easier renewal and claiming process
It can be difficult to renew your car insurance plan. The process might seem like a hassle, but you should consider whether it’s worth the time and money before choosing the insurance company. Check how many ways to renew your car insurance with them.
The claims response is one of the most critical parts of your insurance process. You must ensure that you’re getting a great company that will always have faith and support when things go wrong, like with any kind of accident or emergency situation!
How do you know if your insurer has an easy or difficult claims process? There are many reviews online that will tell the tale. Listen closely to what others say about their experiences with this company and how they had trouble filing a claim because it might not be as straightforward as expected!
Extra benefits provided by other insurers
It is essential to remain open-minded when considering the different car insurance plans available. Some are better than others, so it’s best not just stick with what you have!
When shopping for a new car, take the time and make an organized list of all that is needed. Arrange your choices from most important at the top back down through every last benefit until you have them ranked in order just how they come up during research!
For example, do you require an easy payment plan or a free towing service included? List it all down, from the most to the least important. This will help you get your desired plans at an affordable price.
How to switch insurance companies?
If you are switching car insurance, all that’s needed to do so is get a new policy and contact your current insurer. Your old company will likely give back some or even most of the remaining balance on their term following cancellation. However, some might charge a small cancellation fee.
Once you change insurance providers, it’s important to make sure that your new policy starts as soon as possible. If, for some reason, the opposite happens and an old one expires before a new one can be issued. In that case, there could potentially be costly lapses in coverage.
Verdict
Know the pros and cons of renewing your car insurance with each insurer. The best way to find an excellent company is by researching which ones offer the coverage you need, not just what they can provide cheaper than others! Choosing one good car insurance is the responsibility of you, your family and a third party. Click here to understand how to choose the best car insurance.
Once you’ve done your research, look around and still find that the current insurer is best for YOU – stick with it! However, if you are unsatisfied with your current insurance company, you should choose the one that best suits your needs!
Related: Best Car Insurance Company in Malaysia | Choosing the Best Car Insurance 101
