Importance of Reviewing Your MA Auto Insurance Policy Each Year

Auto insurance is probably one of those things that you don’t think about very often, aside from knowing that you need it and paying the bill. Why would you want to go through and check your policy every year? Actually, you might be surprised to learn the importance of reviewing your MA auto insurance policy annually as certain life events and circumstances can affect your policy and may even save you money! So…what’s to know?

Life Changes

Did you get married recently? Have a child? Change jobs? All of these factors can affect your auto insurance premium. Insurance companies base premiums on risk factors, and interestingly enough, you are considered to be a more responsible driver if you are married or have a child. More responsible equates to less risk, and that means lower rates on your auto insurance. Similarly, a new job may affect your insurance premium as well. Certain professions are deemed more high risk than others and this can contribute to either an increase or decrease in your rates. It’s best to check with your agent to see if any recent life changes will affect your annual premium.

Qualification for New Discounts

Many auto insurance companies offer discounts on various factors like driving history, professional organizations, age, student status, type of vehicle, and frequency of use. Again, it all revolves around risk. So if you have a safe driving record, belong to an organization like AAA, have a low-risk occupation, or your vehicle has added safety features, you may qualify for discounts. Discounts can vary widely from one insurance company to the other, so you should check your eligibility with your MA auto insurance company.

Combining Policies

Have you considered bundling your policies? Perhaps you moved into a new home this past year and had been paying for separate policies. Often, combining your auto and homeowners insurance can save you money. It’s certainly worth checking!

Reviewing Your MA Auto Insurance Policy

As you can see, an annual review of your auto insurance can be an effective and potentially cost efficient exercise. It’s as simple as making a call to your insurance provider. Keeping your policy up to date not only ensures that you are properly covered, but could also save you money – hence the importance of reviewing your auto insurance each year!