To manage your auto insurance effectively, it’s a good idea to periodically review your policy. Your agent at S & S Insurance Services Inc. in Oklahoma City, OK, can handle this for you.
Routine adjustments may be made annually to account for factors such as a vehicle’s declining value due to depreciation. But certain "trigger" events can warrant a review at any point during the year. Here are a few situations worth considering.
Adding or Removing an Authorized Driver From Your Policy
Review your policy’s terms regarding occasional drivers. Be sure to add anyone who drives the vehicle more frequently, or get them a separate policy if needed, and remove anyone from your policy who no longer drives the vehicle at all.
Moving to a New Location
Moving is one of the most common reasons for an auto insurance review. Some areas have a different risk profile than others, which can directly affect your premium and coverage.
Changing How a Vehicle Is Used or Parked
If a job change means a longer commute, it’s worth getting a review before that change takes effect. The same goes if your usage decreases significantly. Also, let your agent know if you plan to carpool, as that use may require commercial auto insurance, depending on the circumstances.
Paying Off an Auto Loan
Once you pay off your auto loan completely, you’ll want to have the lender removed from your coverage and the lien removed from your title.
Customized Upgrades
If you make customized upgrades, such as installing a new stereo system, let your agent know so your policy can be adjusted to reflect that added value.
Reach out to us at S & S Insurance Services Inc. in Oklahoma City, OK, for all your auto insurance needs.
