Four Times to Change Auto Insurance

When talking to an insurance agent or provider, you may have heard the term “major life changes”. These are times in your life where there are dramatic changes to your life that change not only yourself and others, but also your statistically probability of risk. When these things happen in your life, you need to inform your insurer (or you could be committing insurance fraud). This is a great time to check with your current provider on how these life changes change auto insurance for you, and also might be a good time to look around at other insurance options. Below are four of the most common changes that will affect your auto insurance.

Buying a New Car

Every time you get a new car, it’s a new experience. How it handles, its needs, and the value you see in any new vehicles (brand new or used) is not only in your own mind. Since cars have to be covered under insurance when they roll off the lot, before buying the new cars is a good time to talk to your current insurance provider as well as the competition about how your new policy should be. A more expensive car should have higher coverage and might be worth spending more to include uninsured drivers and comprehensive to your insurance policy.

College Graduation

Graduating from college is definitely a major life change. Not only does this mark the start of your journey to a career, but also marks the end of you being a student. Depending on your auto insurance, you may be enjoying “student” discounts on your policy – a discount that no longer applies to you and could land you in hot water with your provider in the case of an accident. Check around for new policies after graduating: depending on age you can find equal or better premiums.

Newlywed

While most people aren’t thinking about in up to and after they say “I do”, marriage brings with it many side benefits. Not only does this change your taxes and legal status, it also makes you statistically safer as a driver (assuming you or your spouse doesn’t have a very poor driving record). Make sure to inform your insurer of the good news, and to also look into combined policies.

Children Left for College

Kids off to college? If they don’t take the car and are going out of town, this could save you some serious money on your premiums if you have your children currently on the policies. Likewise if your child is taking a car with them, it’s a good time to tell your insurer: depending on where they are going to school, there might be a change in rates for better or for worse.

Whenever your priorities or vehicles change, it’s time to talk to an insurance agency to make sure your policies are still the right fit. Here at H&K Insurance Agency we can help you find the right auto insurance policy for you and your family. Contact us for more information on our auto, home, life, and business insurance.