Most people drive their usual routes and have routine uses for their cars. Once they choose an auto insurance policy that covers their needs, they may forget to update it when changes are made. And even though people depend on insurance protection, they may also forget the particulars of their policy coverage. That’s why it’s a good idea to regularly review your auto insurance policy – especially if there have been lifestyle changes or alterations to work schedules and locations.
Muller Insurance Agents serving the Tri-State area can review your auto insurance policies with you to make sure they fit well with your current circumstances. Here, we’ll discuss the changes that may necessitate an auto insurance re-evaluation and why it’s important.
Things to Consider About Your Policy
Cars play a big part in everyday life. They’re used for driving to work, shopping, or school, and for transporting friends, family members, pets, and belongings. Many factors are taken into consideration when creating auto policies. It’s common for insurance companies to examine the following:
- Whether the vehicle is for personal use or business
- Average annual mileage
- Type of vehicle
- Commuting patterns
- Driving record
They also look at the age of the driver and even your credit score. Lifestyle changes, such as marriage, children, retirement, and relocation often warrant a review of coverage for you and your loved ones.
What Kind of Changes Affect Auto Insurance Coverage?
If you live in an area with reliable public transportation, traveling by bus or train might make more sense to reduce stress and the monthly fuel bill. Whether you’re taking fewer commuting trips in your car or just driving fewer miles, check in with your insurance agent to find out if this affects your auto insurance rates. Other changes that may affect auto insurance coverage include:
Switching Jobs
If you change job locations and your commute differs in the number of miles, routes taken, or the timing of your drive to work, don’t forget to review your personal auto insurance policy then, as well. This helps ensure your new commuting route is safely covered with up-to-date information.
Remote/Hybrid Work
Changes to the work environment don’t always result in a different commute. With more employees working full time from home or in hybrid situations where they rotate in and out of the office, reduced commuter miles are typical.
New Business Opportunities
Entrepreneurs are starting new businesses, sometimes as side gigs, and are using their personal vehicles for work in new ways. You may transport goods or people for a fee or provide services that necessitate travel. In these cases, it’s a good idea to check in with your insurance agent to determine whether a commercial auto insurance policy is required.
New Vehicles and Drivers
Households with multiple vehicles – especially if there are several drivers – may experience changes that affect both the amount and kind of auto insurance needed. For example, do you use one car for winter driving and store another? Is your teenager learning to drive? Did your college-age child drive a car to school or leave their car at home for use during semester breaks? Any changes of this kind are good reminders to review your auto insurance policy, consult with your insurance agent, and make sure you have the best coverage for you and your family.
Review Your Auto Policy With Muller Insurance
With a 115-year history of dedication and service, Muller Insurance provides policies as independent agents. We’re not tied to any one company, and you receive personalized service and advice based on your individual needs. Our goal is to find options for both personal auto insurance and commercial auto insurance that are cost-effective and meet the demands of your busy life. When driving habits change for you and your family, consult with an agent. We’re always available to review policies and you’ll benefit from the independent advice we offer.
Muller Insurance provides auto insurance for clients in Hoboken and Jersey City, NJ. Let our agents find the right coverage for your cars, boats, motorcycles, and RVs. Contact us today to get a quote.
