Why You Need an Auto Insurance Review at Renewal Time.
When you get your auto insurance renewal notice, what’s your process? Do you just verify that the amount is similar to last year's and call it a day? You’re not alone. Many people do exactly that, simply because it’s easier. Likely a lot of time was spent up front finding your current insurance policy, and the thought of doing it all over again holds little appeal.
Here are five reasons it (quite literally) pays to review your policy before renewal:
1. You may not have the right coverage anymore.
Driving needs can change. If your commute has gotten longer, your policy should reflect that. If you’re driving less, you might be paying too much for insurance. Or if you mostly drive on weekends, you could save with CAA MyPace®*; Canada’s only auto insurance payment program designed for low-mileage drivers. It’s well worth looking into.
2. There are ways to save on car insurance.
Are you leaving money on the table? Consider the following ways to save:
- Bundling discounts.** Consider having your auto, home, and life insurance with one provider for maximum discounts. Just about every provider will offer this.
- Member discounts.*** CAA Members save up to 20% on auto insurance.
- Winter tires help navigate through Canadian roads, many insurance companies offer a discount for having them.
- Safe driving rewards. Want to be rewarded for being a good driver? CAA Connect®, CAA Insurance Company’s usage-based insurance program monitors driving habits and rewards you with an insurance discount for safe driving.
3. You could be getting a bunch of perks.
There are perks beyond saving on your insurance premiums. For instance, CAA’s Forgive and Forget® helps to protect your driving record. CAA Members also have access to great savings with 126,000 retail and service partners across North America to choose from with CAA Rewards.
4. You may not be getting the best value for your dollar.
While it’s natural to look at the bottom line for your auto insurance cost, remember to factor in all of the perks and discounts you could be getting. That will show the true value of your auto insurance.
5. Policy reviews are easy – especially when someone else does them.
We hear you, it can feel overwhelming. The good news is that a CAA Insurance Agent will evaluate your current policy for free, even if it’s with another provider.
So, what do you have to lose? Have our Licensed Insurance Agents do the heavy lifting for you, find out how to get more out of your auto insurance.