There are several reasons to change an insurance policy. Maybe you are looking for a cheaper option, better services or a different level of coverage. Whatever your reasons, you have to do it the right way.
Here are some of the common mistakes to avoid when changing full coverage auto insurance companies:
Having a gap in your car insurance coverage
One of the common mistakes when changing your car insurance companies is stopping the existing policy before getting another one. Even if for a few days, driving a car without a valid insurance policy comes with a risk in case you get involved in an accident. It is also a traffic offence in UAE to drive without a valid license.
Failing to compare policies
It can be tempting to pick a new car insurance policy just because it is cheap. However, there is more to insurance policies than the premiums. You need to look into the coverage, deductibles and limits from different insurance companies.
You never want to trade valuable protection to save some money only to end up getting hurt in the end. You are better off using our tools to compare the different auto insurance options that fit your needs.
Not cancelling your initial car insurance plan
It is common for some insured to assume that failing to remit premium would mean the old insurance company drops the coverage. At times you can also get so caught up with the new plans until you forget about the earlier cover.
Inform the existing insurance company immediately you take a different car insurance policy. This will help you avoid paying for two insurance covers at the same time, most so, when you have the auto-pay billing option.
Failing to ask for a refund if it’s due to you
Most of the insured tend to pay in advance to avoid having to incur recurrent administrative fees. The insurance companies also tend to offer discounts for paying the lump sum payments. However, if you change the policy within a few months of coverage you might be entitled to a refund.
While the insurance company should refund you automatically, you should follow up if you don’t receive the funds.
Shopping for a new car insurance policy?
Do you feel your current online auto insurance policy doesn’t offer you the full package? Well, it’s time to browse through our options for the best full coverage auto insurance for you.