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Switching Car Insurance Companies Farmington NM

Why would you shop around if you were happy with your insurance company? Well, the fact of the matter is that exactly the same coverage can cost you widely different amounts, depending on your insurance company.

Allstate Auto Insurance
(888) 355-7971
216 N 1st St
Farmington, NM
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Sebastian- Christopher Mark
(505) 326-6200
2600 Farmington Ave
Farmington, NM
 
Sheppeck- Shelley Lynn
(505) 327-0447
800 E 30th St Ste G
Farmington, NM
 
New York Life Insurance Company - Guffey Lyle
(505) 326-5064
3001 Northridge Drive Suite C
Farmington, NM
 
New York Life Insurance CO
(505) 325-0060
1607 East 20th Street Suite A
Farmington, NM
 
Allstate Auto Insurance
(888) 355-7971
216 N 1St St
Bloomfield, NM
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Allstate Insurance-Ramos Agency
(505) 327-9667
2400 E 20th St
Farmington, NM
 
Wilson- Kent D - State Farm Insurance Agent
(505) 327-6117
4251 East Main Street Ste G
Farmington, NM
 
Cross Ii- Richard R
(505) 327-6016
2017A E 20th St
Farmington, NM
 
Jack- Nathan LeGrand - State Farm Insurance Agent
(505) 327-7771
623 West Broadway
Farmington, NM
 

Switching Car Insurance Companies

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Switching Car Insurance Companies

Have you discovered a better deal? Are you unhappy with your present insurer? Maybe you've been thinking about changing insurance companies for a while. It's never been easier to find out if you are getting the right insurance at the right price. You can get quotes online with some companies 24 hours a day. Many other companies have toll free information lines where you can find out more. You can even talk to your states Department of Insurance for information on getting the right insurance.

So, why would you shop around if you were happy with your insurance company? Well, the fact of the matter is that exactly the same coverage can cost you widely different amounts, depending on your insurance company. How does this happen? Well, reasons vary, but a common one is that a particular insurance company may have experienced higher than expected claim rates for a particular coverage group. A coverage group is a group of clients who all share similar characteristics like age, number of accidents or type of vehicle. If this happens, better overall pricing and discounts could be available on the same policy at another insurer, who hasn't had the same spike in claims.

While it may seem intimidating, once you decide on a new insurer, switching companies is easy to do.

First, you'll have to cancel your existing policy. Usually, this will need to be done in writing. Be sure to specify the date when you want the insurance cancelled. You will have to have your new policy in force for this same date. In some states, your new insurance agent must notify your previous agent of the change. You may even have to send back the actual printed policy, depending on your insurance company. Regardless of any other details, your insurance company should send you a cancellation request form for you to sign and return. If you do not receive such a form, you should contact the company or your previous agent, to find out the status of your cancellation. Always be sure that your old policy has been properly cancelled; otherwise, your insurance company may terminate your coverage for lack of payment and this could adversely affect your credit rating.

Ideally, the best time to switch your coverage is just before your current policy comes up for renewal. In this way, you don't pay any penalty for cancelling. Most insurers will not refund the total amount of your premium if you cancel early. How can you be sure to switch at the right time?...

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