Travelers Insurance Rating
Is it best to change auto insurance companies near the end of a coverage period?
Or doesn't it make a difference?
I just renewed with my carrier, but I checked today and found that my $1,250 rate (GEICO) could be $1,050 with one carrier (Travelers) and $986 with another (Liberty Mutual).
If I change now (at the start of my new coverage period), would I lose money due to administrative fees? If so, would it only be a few dollars?
Thanks!
you can change at anytime, and there may be a small premium due from the time you renewed to the time you cancel your policy. So I guess the answer to your question is no it does not make a difference so if you can get it cheaper elsewhere go for it. But don't cancel with your current carrier until you have coverage in place with the other company.
Good Luck
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