Automobile Insurance 101

There comes a time when we all face the same dilemma, satisfaction with current services and rates have become so high they are not being receptive to your needs. As we all know, the recession is biting hard yet we always love bargains and insurance companies are not always on the negotiating side if you get the picture. Changing providers or insurance companies is an option but you’d have to time your shift to within a few weeks of your current policy’s expiry date due to the waste of double policies.
You have to formally inform the provider that you would not be renewing your contract with them for whatsoever reasons, not doing so, would result in automatic forfeiture of your old policy due to unpaid premiums. This can have an undesirable side effect of making obtaining a new policy a bit harder. It should be indicated in plain black and white (email is not a formal letter so go the extra mile and print it out, sign it and send the mail to your provider’s office for their reference).