Author: Unknown
•3:07 PM
By Susan Reynolds

The best time to begin comparison shopping for a new automobile insurance policy is well before your present policy is due to expire. A lapse in coverage can result in some complications when purchasing a new policy and one of these factors can be price. Insurers factor in many aspects of your personal information. Among these are your age, sex, profession, current insurance status and credit history.

Suddenly that gap in coverage, which once seemed so innocent, looms large. A new insurance company that is examining your background will wonder: Did you not pay your former insurer's bills? Did you forget just one time, or was it a habitual occurrence? Are you dependable? How often have you allowed your coverage to lapse? How long have you gone without coverage at a time? Do you often drive while uninsured? The answers to these questions may place you in a high-risk category, which in turn could cause your premiums to skyrocket.

When you have the time to shop wisely and plan your change of providers, you may be able to save a significant amount on your premium. If you are approaching the age of 25, you are aware that your rates will go down dramatically after that age.

You should be shopping for the best deal you can find in your new age bracket after you attain that age. In addition, if you are going to change jobs or move, you may be able to find better rates for your new occupation or location. One way your premium could be adversely affected would be if you were making a long-distance move.

Keep in mind that it is not always possible to save money. Difficulties may arise if you get a new job that places you in a higher-risk category, if you begin to drive your vehicle more frequently than in the past, or if you move a great distance from your previous home and therefore are not yet established in this new location. In each of these cases, be prepared to pay increased insurance premiums rather than reducing this expense.

However, in general you'll stand a fighting chance of finding an improved insurance deal. If you haven't recently moved or changed jobs, are at least 25 years old, and have a clean driving record, shop around. You might well be able to locate insurance at a lower price than you had been paying.

Inquire around with different insurance companies. There are some that might offer to match your current policy and price if you tell them straight out what you are looking for. Doing your homework and investigating different coverage rates with various insurance companies will allow you to feel secure in the knowledge that you will achieve ideal coverage at the best rate.

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