What Changes Should You Make To Your Auto Insurance Policy
Reader’s Question:
What do I have to know before I make any changes on my auto insurance policy. How do I go about doing it? I’m thinking of contacting my auto insurance company in Brandon Florida.
Christian
Brandon, FL
If you purchased your auto insurance policy from a broker, go to your broker’s office. The broker will make the change request in writing and faxes or mails it to the corresponding insurance company. Your broker can also process the change request through the company’s website or can call the insurance company directly and request the changes on your behalf.
If you’re making changes to your policy that will generate additional premium, you may have to leave a premium deposit. Some brokers may charge an endorsement fee which is charged as a fee for the broker’s assistance.
Always make sure you know when the changes will take effect. If you do not receive instant proof of insurance, your changes will most likely not going to be in effect until the endorsement request is processed by the insurance company. That may take up to 30 days depending on your auto insurance carrier.
If you purchased your policy directly with an insurance company in Brandon Florida, you can possibly make changes by phone, by fax, or in person. Most direct companies will process your changes immediately since there is no middle man required between the insured and the auto insurance carrier.
If you purchased your policy online, chances are that you can request your policy changes without having to visit a local office location. Normally you can make your changes online in “real time” which means your changes are processed instantly.
Cheap SR22 Car Insurance Coverage For Teen Driver
Reader’s Question:
My teenage daughter is required to have SR22 auto insurance. Can she also get full coverage on her car, and not just the liability that SR22 provides?
Jack
Lawrence, MA
Yes, your daughter should be able to obtain car insurance coverages above the SR-22 minimum limits the state is requiring her to carry on her car.
The SR22 limits are just the minimum she must get and maintain to comply with the state’s mandate to show proof of insurance with this financial responsibility filing. She can raise the liability limits and add full coverage meaning physical damage coverages of comprehensive and collision to his insurance policy. The state wants to make sure that she has proof of car insurance for at least the minimum coverages they are mandating her to carry however the state would not discourage an individual from obtaining more auto insurance coverages that would protect both the policyholder and those that she drives her car around.
Your daughter should talk to her insurance agent about carrying the required insurance for the SR-22 and the physical damages coverages that she wants to carry on her car. She should be able to get both types of coverages.
One of the best ways to lower your annual premiums is to have a higher deductible amount.. Like a $1,000, is what I carry personally.
Now, if you are a claim free and safe driver like I am, you could be saving a ton of money each year on your premiums. People fail to realize that the deductible amount is only paid when they file a claim and their insurance company pays that claim.
Ask for discounts, you never know what you might be able to get and how much you can save by asking. Some popular discounts can be given for:
1. Military personnel
2. Good grade students
3. Union membership and bank member affiliations
4. Safe drivers with no claims in last 7 years
5. Defensive driving school attendance
6. Clean credit history – used by many carriers to determine payment risk
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