How Do Auto Insurance Renewals Work?

Insurers renew auto insurance policies every six or 12 months. Renewals are typically automatic. It’s crucial to pay attention to notices you may receive from your auto insurance company.

Rates May Increase With Renewal

Numerous factors can trigger rate increases, including the number of claims in your area, rising auto repair costs and general economic conditions.

Look for a renewal notice about a month before your policy expires. There, you’ll find your coverage details and new rates. You can review your coverage with your agent to determine whether to make changes.

If Your Insurer Cancels Your Coverage

In some cases, an insurer may refuse to renew your coverage. If your auto insurance coverage lapses for any reason, including nonpayment, contact your agent immediately. Auto insurance lapses can make it more difficult and expensive to get appropriate coverage in the future.

If you’re auto renewal is coming up and you would like a FREE quote to see if better rates are available, contact our office today!