Is it worth renewing your car insurance with the same insurer?

Your policy's expiry date is approaching and you don't know whether you should renew your car insurance with the same insurer? Follow this article and discover the advantages and disadvantages of doing this.

When the expiry date of the car insurance contract starts to get closer, many doubts arise, and believe me, this is absolutely normal. At first it is possible that you can start to analyze whether it is worth continuing to have insurance.

And beforehand it must be said that yes, after all, the rates of robbery and theft and traffic accidents are increasing. That said, it is possible to continue with other questions that are common during this period, such as renewing your car insurance with the same insurer.

If this particular one has been taking away your moments of peace, follow this article and see what the advantages and disadvantages of renewing your car insurance with the same insurer are.

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Advantages of renewing car insurance with the same insurer

As with all services, renewing your car insurance with the same insurer can provide you with some advantages, the main ones being:

• You already know the company: One of the advantages is that you already know how the company works, protocols and service.
• Special discounts: most insurance companies offer special discounts for customers who decide to renew their car insurance with the same insurance company.
• Benefits: Many companies offer benefits such as special cards and loyalty programs that offer various advantages to customers.
• Less bureaucracy: renewing your car insurance with the same insurer, before your current policy expires, means that you will not need to carry out a new vehicle inspection.
• Bonus Class: a full year without claims means points in your bonus class, and the possibility of getting more discounts when renewing the policy.

Disadvantages of renewing car insurance with the same insurer

Just as there are advantages, there are also some disadvantages when renewing car insurance with the same insurer, see some below:

• Possibilities for better services and prices: by renewing your car insurance with the same company you lose the possibility of negotiating more benefits and better prices with other insurers.
• Continuing with unsatisfactory services: assuming that something has happened that you are unhappy with in relation to the insurance company's service provision, renewing your car insurance with the same insurance company could mean having headaches again.
• Loss of special benefits: Many insurance companies offer exclusive services and special discounts for customers who renew their policies. Changing insurers in these cases means losing these benefits.

What is the best way to renew car insurance with the same insurer?

If you are willing to renew your car insurance with the same insurer, know that the best time and way to do this is, before your policy expires, at least one month in advance. And being absolutely sincere.

The auto insurance renewal period takes an average of 30 days, if you choose to renew your auto insurance with the same insurer, a few days before your current policy expires, you run the risk of spending a few weeks without any protection for your car. your vehicle. Furthermore, by renewing before the expiration date, you save yourself the need to carry out another vehicle inspection.

As for sincerity, it needs to exist in relation to new information about your daily routine and the car. Any change must be notified, whether you changed parking during work time, if you installed tracking equipment or even if your child got a license and started driving your car. Everything must be specified when renewing car insurance with the same insurer.

If you are renewing your car insurance with the same insurer, negotiate

Have you decided to renew your car insurance with the same insurer? Don't miss the opportunity to negotiate. To make this happen in the best possible way and for you to gain good benefits and better discounts, it is worth getting a quote from other companies.

With competitive data in hand, it will be much easier to get excellent discounts and special benefits. Don’t be ashamed to ask for discounts or benefits, as the popular saying goes “he who doesn’t cry, doesn’t breastfeed”.

We hope we have helped with this information and made it a little clearer what the advantages are and when is the best time to renew your car insurance with the same insurer.