Making the Switch After Utilizing an Online Car Insurance Website
Wednesday, October 15th, 2008 7:14 pmAfter looking using an online car insurance comparison website, you may realize that you could save yourself a great deal of money if you switch to a different car insurance company. If you are ready to make a switch to a new car insurance company, you will be glad to know that making a switch to a new company is not as difficult as you might think. At the same time, it is important to follow the proper procedures so you do not find yourself going for a period of time without having coverage in place.
Canceling Your Policy
Of course, when you get a new car insurance policy, you will need to cancel your old policy. Canceling your old car insurance policy is a simple process, as it usually only requires sending a letter to the company that specifies the date you want the policy to be cancelled. Depending upon where you live, your new car insurance agent may be required to notify your previous agent about your change. In either case, your previous insurance company may send a cancellation request to you for you to sign and return. If you don’t receive this letter within two weeks after sending out your initial letter of cancellation, you should contact the insurance company in order to check on the status of your cancellation.
It is important for you to make certain your insurance policy is cancelled before you simply walk away from it. Otherwise, the insurance company may report you to the credit reporting agencies and to the Department of Motor Vehicles when you stop paying on your insurance policy.
Getting a New Policy
Before you send a letter to your old insurance company, however, it is important to have a new policy in place. With the help of online car insurance comparison websites, you can more easily find a policy that will meet your needs while also saving you money.
Once you have found the insurance policy that you want to purchase, you can set it up to start on a specific day. This way, you will have time to notify your old insurance company and to make certain you are not paying on two policies at the same time. At the same time, you don’t want to have a gap in coverage either. So, make sure you are clear with both insurance companies about when the switch is taking place and you will be sure to be thrilled with the final results!
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