Is there any cost associated with switching car insurance companies?

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Asked June 18, 2012

1 Answer


Car insurance rates are calculated using a number of pieces of information. When you switch companies your costs could go up or down, depending on those factors and such things as the deductibles and specific coverage you have in the policy. Since the rates vary between insurance companies, whether yours will increase or not is impossible to determine without a great deal more information, but there is a way to find out.

Some of the information that determines your premiums are things such as your credit score, driving history and CLUE report. If any of these return an unfavorable result, your premiums could be higher. On the other hand, you can lower your premiums by adjusting your deductibles upwards, taking a driver improvement course, or trading in your sports car on a 4-door sedan. These are only a few of the factors considered in your application, but they should give you an idea of how much variation there can be.

To get a current, accurate idea of how the cost of insurance will change, get online car insurance quotes. The information you include in the form will define the type of policy you need, and then compared to multiple competing insurers. This will allow you to find out how much the cost of coverage will change, and allow you to adjust the parameters to bring the costs closer to what you were expecting to pay.

Answered June 18, 2012 by Anonymous

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