Auto insurance rates are not static—they can change based on your circumstances, the insurer’s policies, and market conditions. Knowing when to shop around for better rates ensures you’re not overpaying for coverage and can help you find a policy that better suits your needs.
After Major Life Events
Significant life changes often warrant a reassessment of your auto insurance policy. Moving to a new location, getting married, or adding a new driver to your policy can all impact your rates. Shopping around during these times allows you to compare offers and ensure you’re getting the best deal.
When Your Policy Is Up for Renewal
Renewal periods are an excellent opportunity to evaluate your current policy. Insurers typically reassess your risk profile at renewal, which can result in rate changes. Use this time to compare quotes from other providers and see if switching could save you money.
Following Changes in Your Driving Habits
If you’ve recently reduced your mileage—perhaps by working from home or carpooling—it’s worth shopping for a new policy. Some insurers offer discounts for low-mileage drivers, and switching providers could help you take advantage of these savings.
After an Increase in Your Premium
If your insurer raises your rates without a clear reason, it’s a good time to explore other options. Even if the increase is small, comparing quotes from multiple providers can help you find a more competitive rate.
When You’ve Improved Your Credit Score
In states where credit scores impact insurance rates, a significant improvement in your credit score could lead to lower premiums. Shopping around after boosting your credit allows you to benefit from more favorable pricing.
Regularly comparing insurance rates ensures you’re not paying more than necessary for your coverage. By staying proactive and reassessing your policy during key moments, you can secure better rates and maintain the protection you need.