Changing your insurance policy is not as hard as you might think. All you need to do is contact your insurance company and let them know what kinds of changes need to be made. If you are adding another driver to the policy, the insurance company will need to know some information about that person, but if all you want to do is change your deductible, or add or subtract a coverage plan, you wonâ€™t need to have anything but your policy number.
Adding a new driver will require you to have that personâ€™s driver license number. With that, the insurance company is able to determine how to assess the risk of that person, and what changes, if any, need to be made to your premiums. Keep in mind that your insurance company reserves the right to refuse adding a person with an extremely bad driving record, and your premiums could increase dramatically if you add a person under the age of 25.
Changing your deductibles can help you save money on your premiums, and it takes to make the change is a phone call to your insurance company. Raising your deductible means that you have to pay more out of pocket when a claim is filed, but it also means a lower premium. On the other hand, lowering your deductible means that you donâ€™t have to pay as much cash to get a claim settled, but you will have to pay more for your premiums.
While you are making changes to your insurance policy could be the best time to shop around for a new insurance policy. You can find attractive prices and many different types of coverage plans by getting a free online car insurance quote. Not only can you customize the policy exactly the way you want it, but you can compare that policy with more than one company to find the best price.