If you want more from auto insurance, you’ll benefit from updating your auto insurance policy. There are a lot of great reasons to do this, and one of them is saving money on the cost of premiums. By updating, you may be primed to pay less for the level of coverage that you need… or be primed to get more coverage for the amount that you currently pay.
Let’s take a closer look at why you may need to update your auto insurance policy.
Why Updating Your Auto Insurance Policy Matters
Providing accurate information to your car insurance provider and keeping your policy up to date is crucial—failing to report changes in your life situation can be considered misrepresentation, which may lead to denied claims or even policy cancellation.
Make sure to update your auto policy about the following changes:
- Your address changed.
- Your personal details changed, such as your legal name, gender, or marital status.
- Your driving habits changed, for instance, if you start working from home or begin using the car for business purposes.
- New drivers are added to your household, whether it includes your children, roommates, or caregivers.
- You purchase or sell a vehicle.
- Your payment information changed.
The Financial Benefits of Updating
People update so that their coverage needs are at a great price. When you update your auto insurance policy, you will usually be able to get more for your money.
By informing your insurer of changes, such as driving less, bundling multiple vehicles, or qualifying for group discounts, you may unlock new benefits you didn’t previously qualify for. Regular car insurance updates also ensure that you are not overpaying for coverage you no longer need, whether that’s for a car that has already been sold or for add-ons that don’t apply to your vehicle.
The Broker Advantage
When you utilize the services of an insurance broker, you’ll be able to access expert guidance from an impartial insurance expert who is also able to gather quotes for insurance policies on your behalf.
This is great, as an insurance broker will do the hard work of comparison-shopping for you, and they won’t charge you for the work. Instead, your insurance broker will receive a commission from the insurance company with which you update your auto insurance policy.
Since an insurance broker works with an array of auto insurance companies, rather than just a few, the broker is truly working on your behalf. They work for you to get the best rate and most complete coverage possible. They also take advantage of relationships with lenders and use group discounts to get a better rate for you.
What Makes Brokers More Effective Than DIY Shopping
It’s possible to comparison-shop on your own. However, you’re probably not an insurance expert, and this is why it’s best to let an insurance broker do the virtual legwork for you. This type of expert will talk to you, discern which level of auto insurance coverage you want, and look for a policy with the perfect level of coverage, for an ideal price. This takes time and energy.
If you want someone to recommend truly affordable policies that are right for you and give you the peace of mind that you need on the road, connecting with an insurance broker will be very smart! It’s possible to reach out to these pros online, over the phone, or in person.
How the Process Works
There’s no right or wrong way to connect – it’s all about making contact, giving out important information about you and your vehicle, as well as your budget and preferred level of coverage, and then letting an insurance broker do the comparison-shopping for you.
Once your insurance broker has the necessary details, they will shop around with various insurers, review their offers, identify the best options, and walk you through the pros and cons of each. During your conversation, your broker will explain coverage terms, answer any questions you may have, and help you choose the right policy to suit your needs. Whether you prefer texting, calling, or meeting face-to-face, the entire process is designed to be flexible, easy, and geared toward finding the best value for your money.
Why Choose a Local Brokerage?
When it comes to choosing the right car insurance brokerage to work with, it is always best to choose a local company. That way, you’ll have access to expertise and regional knowledge to find the best insurance deal.
Here are a few reasons to go with a local brokerage like Rowat Insurance:
- Local expertise. Ottawa brokers have in-depth knowledge of provincial insurance regulations and requirements that out-of-province or national agents may overlook.
- Access to more discounts. Local brokers can find special regional or company-specific discounts, helping reduce your insurance premiums.
- Insurance education. An Ottawa-based broker will help you understand changes in provincial laws and policies, ensuring that you are always informed about how these updates could affect your rates and coverage.
Reach Out to an Insurance Broker Today
So, why not reach out to an insurance broker today? Rowat Insurance has been insuring Ontario & Quebec since 1955. With convenient locations throughout the Ottawa-Gatineau region, contact us to learn more about your auto insurance and home insurance coverage options.