The New Year is a great time to make New Year’s Resolutions, however it is also a great time to consider if your car insurance needs have changed. As the New Year approaches you should take the time to evaluate your current car insurance policies and decide if any changes need to be made. Here are a few things to consider.
Have Your Family Dynamics Changed?
If dynamics have changed within the family, it may be useful to make changes on the car insurance policy as well. For instance if you have a family member that is no longer driving, removing them from the policy can sometimes get you a better premium rate. If you feel that you have driver on your policy that is now posing a greater accident risk, then it might be helpful to increase the coverage on the policy in order to make sure that the individual is adequately covered.
Your Vehicle Dynamics
If you have older vehicles on the policy, which you are not concerned with replacing entirely, then you may want to change some of those vehicles to liability only. Full coverage insurance is sometimes not necessary for older vehicles which are rarely driven or which would not affect your financial situation much if lost. Changing a vehicle to liability only can save a substantial amount of money during the year.
If you will be adding a new teen driver in the New Year then you should consider locating all student discounts available. There are certain programs available for students with good grades. Many families are also postponing teen drivers as an older teen is often less expensive to insure than a young sixteen year old. Considering your child’s maturity level is often much more important than simply considering their age when it comes to determining a good driving age.
For more information on insurance changes contact Access Insurance Services servicing San Antonio, TX.