Seeking New Insurance Coverage After State Farm Cancellation
I’ve been a loyal State Farm customer for several years, but my policy is now being canceled due to a series of accidents. Although these incidents were not our fault—involving phantom drivers and road hazards—we did have an at-fault accident last summer when I backed into a car. My agent mentioned that the underwriters are canceling my policy because they’ve paid out over $100,000.
It feels a bit unfair, especially since we’ve had nearly two years without any significant claims, and that last bumper repair was under $2,000.
I also have some credit issues, and I’m noticing many online aggregators offering quotes from different insurance companies. What’s the best way for me to find affordable coverage? I’m over 60 and in a domestic partnership. Any advice would be much appreciated!
I’m sorry to hear about your situation with State Farm. Finding new auto insurance after a cancellation can be challenging, but there are definitely steps you can take to find reasonable coverage.
Shop Around: Use insurance aggregators to compare quotes from various companies. Make sure to input accurate information, as rates can vary significantly.
Consider Smaller Companies: While large insurers might be more strict about claims history, smaller or regional companies may be more flexible and willing to work with individuals who have had prior claims.
Look for Specialty Insurers: Some insurers specialize in covering high-risk drivers. They might have higher premiums, but they can still provide coverage where larger companies won’t.
Bundle Policies: If you have other insurance needs (home, renters, etc.), consider bundling them with the same provider. This can sometimes yield discounts.
Improve Your Credit Score: While this might take some time, even small improvements can help lower your insurance rates in the long run. Pay down debts and make payments on time.
Ask About Discounts: When talking to insurers, ask them about discounts for seniors, safe driving courses, or for being claim-free for an extended period.
Use a Local Insurance Broker: An insurance broker can help you navigate the market and find policies that suit your needs. They can also assist in advocating for you with different companies.
Discuss Your Situation Honestly: When applying for new insurance, be upfront about your past claims but also emphasize your recent driving record. Some insurers may be more lenient with drivers who have shown improvement over time.
Make sure to take the time to read the policy details carefully to ensure you understand the coverage you’re getting. Good luck!