You may only think about your auto insurance policy when you're paying a bill or filing a claim. However, if you haven't reviewed your coverage and personal information in a while, you could be paying for coverage that's no longer applicable to your situation, or even be missing out on potential discounts. Whether you're moving, getting married, buying a new car, or simply looking for a way to lower your monthly expenses, find out when you may want to consider updating your auto insurance policy and how to go about doing so if you're a Direct Auto & Life Insurance customer.
When to Update Your Auto Insurance Policy
Everyone's circumstances and auto insurance policy are different. Your coworker may update their policy every three months, but you may only need to revisit yours once a year. In general, though, there are a few moments when it's typically a good idea to update your policy (or at least give your insurance company a call).
There's a new driver in the household
Is your teen running through the house yelling, "Freeeddommm?" Sounds like you've got a new driver on your hands! Congratulations! Here's what you need to know. Oftentimes, your current policy will cover a young driver while they have a learner's permit without you having to add them to the policy, but it depends on your state's insurance requirements.
Once they get their driver's license, though, you'll want to officially add them to your insurance policy or help them purchase a separate policy. Insurers generally require that all drivers living in the household are listed on a policy, so adding your new driver to this list could help prevent disaster later on if your teen ends up being involved in an auto accident within the first few days of their newfound automotive freedom. Learn more about insuring a teen driver.
You're moving across town or to a new state
If you're moving (but staying within the same state) a new garaging address could mean a lower auto insurance rate. In addition to helping you qualify for lower premiums, a new location could also help you qualify for a Homeowner's Discount* of up to 15% if you're buying a home, townhouse, or condominium!
If you're moving to a new state, give your insurance company a call. You'll want to make sure that (1) your coverage meets the state's minimum insurance requirements and (2) your insurance company offers coverage in your new state. No matter where you move, keeping your personal information up-to-date (like your phone number, address, and email) is important for receiving communication from your insurance company.
You're getting married
Once you tie the knot, what's yours often becomes theirs as well. If you're looking to combine insurance coverage on your household's vehicles, you could save up to 25% on your auto insurance with a Multi-Car Discount.* On the other hand, while you may enjoy lower rates or discounts for being married, having joint policies, and insuring multiple cars, that low rate could take a hit if one of you has a spotty driving history or poor credit.
Before and after buying a new car
Auto insurance can add to the overall cost of a new car. While you're still shopping, feel free to give your insurance company a call and get a quote for the vehicle make, model, and year you've got your eye on. It may cost more to insure than you expected. Likewise, you'll want to add your new car to your policy as soon as possible once you make your purchase. Most policies have a provision setting forth a specific time frame within which you are required to notify the carrier. You can typically take care of this over the phone or online by logging into your online insurance account.
You're adjusting your budget
At Direct Auto, we understand that each of our customers is unique and they deserve more than a one-size-fits-all insurance coverage plan or payment schedule. When your budget or spending ability changes, your insurance payment schedule and coverage can change too. You don't have to feel "stuck." You can re-adjust your coverage level, your deductible amount, or your monthly payment amount to reflect your new situation.
How to Update Your Auto Insurance at Direct Auto
As a Direct Auto customer, you can update your policy online, over the phone, or at one of our more than 400 locations. Some changes, like adding or updating a driver, are easy to do by simply logging into your account online. For other changes, like increasing your deductible or adjusting your payment plan, it may be easier to talk to a real person. Call 1-877-GO-DIRECT to talk to a knowledgeable agent about updating your auto insurance policy. Or, stop by a Direct Auto location near you to do so in person! Our friendly agents are ready to answer any questions you may have!
*Discounts may only apply to certain coverages and are subject to terms and conditions and may not be available in all states or distribution channels. Price may vary depending on how you buy.