When to Change Your Insurance Provider in MN

Changing your insurance provider is perfectly within your rights, but before you do so, you should think about the possible consequences of taking such an action. Perhaps the most important thing to consider is to make sure that you do not create a situation where you are uninsured – even for just a few days.

Before you cancel your old policy and change your insurance provider, make sure you have your new policy in place. If you just let your present policy lapse and then go out to buy a new policy, you might find it takes longer than you thought to obtain a new policy at a satisfactory rate. It is easy to coordinate a change in insurance provider. The best way to do so is to shop for a new policy and tell the agent the date you need coverage to start. If your old policy has been paid-up in advance, once you cancel it, you will get a refund for the unused portion of the premium.

There are many reasons why you might want to switch insurance companies. For most people, the premium is the driving factor. If your current insurance provider hikes up your rates after a small claim that was no fault of your own, you may get angry enough to take your business elsewhere. Before you do so, let your insurance company know that you are unhappy with the rate increase and maybe they will reconsider to retain you as a loyal customer.

Of course, many insurance companies will simply tell you that there is nothing they can do. You should then contact your independent agent and have them get quotes and compare policies from a number of different insurance companies. If you are not happy with your current insurance company, for any reason, don’t ignore the matter. There are plenty of insurers out there who really do want your business.