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Every year most Americans go to the dentist and pay their taxes. However, most Americans do not take the time once a year to evaluate and adjust their car insurance policy. The policy you purchased three, five or even ten years ago is most likely not the same policy you need today. Evaluating and adjusting your car insurance policy can save you money and ensure that you have the necessary coverage you need.Adjusting Your Auto Insurance Policy 

A good time to evaluate your policy is the same month your policy renews. When you receive your policy renewal in the mail, take the time to review these key points you may want to consider adjusting:

1. How much are you driving? Perhaps you have a different job, you quit your job, or you relocated. Any major changes to your annual miles driven should be reported and updated to your agent. 

2. Uninsured motorist coverage. In order to reduce the risk of getting stuck with someone else’s bill after an accident, consider adding uninsured or underinsured motorist coverage to your policy if you don’t already have it.

3. Adjust your limits. Consider the rising cost of medical care, cost of your car, and changes in your driving habits. You may need to adjust your limits to reduce your exposure.  

4. Budget for deductibles. Review your budget for the year and adjust your deductible accordingly. You may have received a raise, or you might be living on less. Regardless, your deductible needs to fit in your budget. As the years go by, your ability to support your deductible may change so be sure to evaluate and keep your deductible at an accurate level for your budget.  

5. Additions/Upgrades to your car. Sometimes, you can get discounts when you add anti-theft devices such as alarms or steering wheel locking devices to your car. In addition, if you add any upgrades or additions to your vehicle, you may want to increase your coverage.  

The next time your car insurance policy is getting ready to renew, take the time to go over your policy and adjust it so that it works with your current life—not the one you had the day you bought your first car.


By Matt Reynolds - Google+
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Claude Reynolds Insurance Agency Inc.
6801 Dixie Hwy Suite 232
Louisville, KY 40258
Phone: 502-933-2255
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