It’s nearing the end of my auto insurance coverage and I don’t know if I should find another insurance company or stick with my current insurance company. What advice can you give me that I should do when the time comes that I have to renew my policy?

Carmen

Coconino, AZ

If you are renewing your auto insurance policy, your first alternative is to not pay your renewal once it arrives. The auto insurance company would think that you will not take time to look for other auto insurance provider so your renewal quote is probably not competitive. In this case, you should shop around for the best deal available because you may save as much as 50% is you review policies from other insurance providers. It’s also not true that the smaller companied would give you the best rates, large companies could also be competitive.

Moreover, if you have an older car that doesn’t have too much value, collision coverage is may be a waste of your money so you can just go with the basic insurance. You must also inquire to your insurance agent about diminished value because your auto insurance provider could think that the value of your car is less than what you know it is. You must be sure to also inquire about the state’s legal statutes for diminished value.