Is it a bad idea to switch car insurance companies?
My car insurance increased by $20 this month. Should I shop around for a cheaper policy or will switching insurance companies hurt my credit?
Answer provided by
Answered on May 27, 2021
“There are few downsides to switching car insurance companies. Getting new car insurance every year won’t hurt your credit, and you could find significant savings by switching over to a new carrier that offers a cheaper plan.
Granted, switching policies too often may signal to insurers that you aren’t a loyal customer. So, for example, they might be less likely to forgive accidents, but still, the savings you get by switching may outweigh the downsides.
Shop around to find the best car insurance company for your needs and budget.
If you’re hesitant to switch plans or insurance providers because you’re worried about the work involved, don’t be. Jerry does all the paperwork for you. You’ll never have to print out anything, go to the post office, or get on the phone. Jerry handles it all. Really! “
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Browse by topics
What others are asking
Do I need a single-family or multi-family policy for my property?
I'm looking to buy a house with an attached efficiency unit. I'll probably rent out the efficiency, but not for another year or so. When I'm shopping for home insurance quotes, do I say that my property is single family or multi-family?
Mar 08, 2021
Is my teenager a covered driver, even though he only has a permit?
My son has his permit, but can only drive if other licensed adults are in the car with him. Since he isn't listed on the insurance yet, will we be covered if he is in an accident?
Apr 29, 2021
"Can I spend the leftover money from an unsecured car loan to repair my car? "
"I recently took out an unsecured loan to purchase a used car. The final cost ended up being less than the loan amount by over $1,000. Do I need to return that money to the bank or can I use it to fix up the car? "
May 11, 2021