There are many reasons to look for a new car insurance company.  You may want to combine your car insurance with your homeowner’s insurance or renter’s insurance policy to get a discount.  If you’re considered a risky driver, you may find a company that is more competitive for risky drivers.  For instance, Allstate is usually a little more expensive than other companies for regular drivers but may sell a policy to a slightly risky driver who might otherwise need a more costly assigned risk insurance policy.  

When comparing insurance companies, make sure you compare every item of coverage listed on the declarations page of your auto insurance policy, the page that shows your coverage and premium costs.  Make sure that all new coverage has the same limits as that listed on your current car insurance policy.  Make sure that uninsured and underinsured motorist coverage is the same as your liability coverage.  

Do not cancel your current car insurance policy until payment for your new auto insurance policy has been received by your new insurance company and your new insurance policy is in force.  You don’t want to have a gap in your auto insurance coverage.  

When switching to a new motor vehicle insurance policy, I continue my current insurance policy for at least 60 days while my new car insurance policy is in force because an auto insurance company may cancel any new personal NY automobile insurance policy for any reason within the first 60 days, subject to the insurer’s established underwriting guidelines.  If you cancel your old auto policy and your new car insurance policy is cancelled within 60 days, you will be left without insurance and may become assigned risk.   After 60 days, I send a copy of the new declarations page, showing my new insurance coverage, to my old insurance company to obtain a refund of the amount paid since the start date of coverage with the new insurance company.

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