Many people make the mistake of purchasing an auto insurance policy and never reconnecting with their agent again to make sure it’s still providing adequate protection. Lifestyle changes and other adjustments can significantly impact the type and amount of coverage you need, making it important to review your policy on an annual basis. This will ensure you’re properly covered and could save you quite a bit on your premium.

The team at Michael E Glick Insurance is proud to provide the residents of Boerne, TX with high-quality insurance products and personalized customer service. Below, they discuss a few factors that will affect your coverage needs and how much you pay. 

Reasons to Go Over Your Auto Insurance Policy Every Year

Increase in Age/Addition of a Teen Driver

As you continue to get older, your insurance company will start to view you as a more experienced driver. This can reduce your premium as long as your driving record remains free of traffic violations and accidents. In addition, if you’re adding a teen driver to your policy, you will want to explore your options and make sure you’re getting the best rate possible.

Credit Changes

Credit scores typically play a role in how auto insurance companies decide to rate their drivers. Higher scores tend to show less risk of filing a claim and are rewarded with premium discounts. This means there’s a good chance you can capitalize on additional savings if you’ve seen a substantial increase in your credit rating over the last year.

New Occupation

Getting a new job can be good for your financial health in more ways than one. Providers often offer discounts to drivers who hold certain occupations. They will also take into consideration if you have a shorter commute, have joined a carpool, or have started walking, biking, or taking public transportation. Any of these will mean you’re putting less miles on your car, which can decrease your premium.

Relocation/Home Purchase

Moving to a new neighborhood or city, or buying a home for the first time can also make a considerable difference in the cost of your coverage. Providers are generally inclined to give discounts to those who live in an area with low crime rates and offers a safe place to park. You can also bundle your policies for more savings if you purchase home and auto insurance from the same company.

If it’s been more than a year since you last examined your auto insurance policy and updated your information, it’s essential not to put it off any longer. It’s best to go over everything with an agent who can easily identify if you have any gaps in coverage or if you’re paying for something you don’t need anymore. Contact Michael E Glick Insurance by calling (830) 816-9488 to schedule your complimentary policy review, or visit the website to request a quote.