Auto insurance is a requirement if you wish to enjoy driving privileges, but it also plays an important role in providing you with financial security. Although you should never sacrifice the quality of your coverage just to pay a lower premium, there are plenty of ways to save money on your policy. One of the best steps you can take to ensure you’re getting the best deal on your coverage is to shop around every six months. This may seem more often than necessary, but it can turn out to be quite beneficial. 

3 Reasons to Shop for Auto Insurance Bi-Annually

1. Insurance Rates Fluctuate

It’s common for insurance companies to adjust their rating system throughout the year based on various factors. This means the cost of coverage can fluctuate as often as day-to-day. There may be times of the year when rates are higher due to an increase in certain risks, while at other times they’ll be lower. Checking back in every six months will allow you to capitalize on any significant rate changes that occur.

2. Life Events Can Lead to Savings

There are also many life events that can happen over the course of six months that significantly change how auto insurance companies view your level of risk. Having a birthday, getting married, buying a home, moving to a new neighborhood and adding a teen driver to your household are all reasons to review your current policy and see if there’s a better rate available. In addition, improving your credit score can lead to substantial savings.

3. Traffic Violations Go Away 

If you have any traffic violations or car accidents on your record, you’ll pay more for your premium. Fortunately, they will only impact your cost for a certain period. Once these go away, you may be eligible to receive a considerable discount. It’s essential to understand when your violations should be coming off your record, so you can time it right to start looking for new rates.

Going over your auto insurance policy every six months will help you maximize discounts and continue being adequately protected. It’s a good idea to do this with an experienced insurance agent who can properly assess your coverage needs and knows how to find all the savings you qualify for. With our expert guidance at Steven Hall - Farmers Insurance Group, Mountain Grove, MO, residents can be confident in their insurance selection. We provide high caliber products backed by one of the industry’s most reputable brands. Call us today at (417) 926-7900, or visit us online to request a quote.