The Importance of Annually Reviewing Your Auto Policy

Do you annually review your insurance policies? The idea might sound silly, foreign, or even overwhelming (if you have a wide variety of insurance coverage), but it’s actually very important when you seek to get the best deal while still meeting the needs of yourself and your household. No one wants to pay more money than they have to for monthly premiums; however, no one wants to be left owing a deductible they can’t afford either in the case of an accident. There is certainly a balance when attempting to choose the best policies for each individual type of insurance coverage, and that’s where you insurance advisor is a huge ally.

When it comes to auto insurance, these annual reviews are especially important, since the value of your vehicle changes from year to year, and therefore could affect your deductible, compensation in the instance of a collision, and more. Not only that, but if you add any other drivers to the household (teen or otherwise), move to a new home, put an excessive amount of mileage on your car, etc., these factors could all alter your coverage slightly, and your current policy might not actually be the best fit. By selecting a time each year to sit down with your insurance advisor and compare your current circumstances (income, place of residence, drivers in the home, type of car, etc.) with those of the previous year, you can then compare and contrast policies across multiple providers and find the perfect fit for your family, rather than just continuing on with your current, ill-fitting plan because it’s “comfortable” and already set up.

Carroll Marshall Insurance is skilled in reviewing various factors in your budget, your household, and your driving history and then using those to formulate the best types of coverage for you. Since we offer all types of insurance, from auto and homeowners to recreational vehicle coverage and health policies, your annual review could encompass all of your coverage plans so you can make sure all are up to date and you’re truly getting the best possible deal on protection for you and your family. Give us a call or stop by our Winter Haven office to find out more, or to make an appointment to go over your own coverage!