Seeking New Auto Coverage After State Farm Cancellation
I’ve been a State Farm customer for several years, but unfortunately, my policy is being canceled. About three years ago, we experienced several accidents caused by phantom drivers or road hazards, which weren’t our fault. Last summer, I did have a minor at-fault incident where I backed into a car’s bumper, but my agent informed me that the underwriters decided to cancel my coverage due to over $100,000 in claims.
It seems a bit late to make this decision, especially since we’ve gone nearly two years without any significant incidents—just the bumper damage, which was under $2,000.
My credit score isn’t great, and I’ve come across various aggregators that provide quotes from multiple insurance companies. What’s the best way for me to find affordable auto insurance? I’m over 60 and in a domestic partnership.
I’m sorry to hear about your situation with State Farm; that can be really frustrating, especially after being a loyal customer for so long. Here are some steps you can take to seek new auto insurance coverage at a reasonable cost:
Shop Around: Use insurance comparison websites to get quotes from multiple providers. Sites like NerdWallet, Compare.com, or The Zebra allow you to input your information and receive various quotes, which can give you a sense of what’s available.
Consider Insurance Brokers: Sometimes it’s helpful to work with an insurance broker, who can help you find the best coverage for your situation. Brokers understand the market and may have access to plans not available through standard channels.
Look for High-Risk Insurance Providers: Given your history, you may need to look for companies that specialize in high-risk insurance. These companies understand that accidents happen and may offer coverage at better rates than traditional insurers.
Improve Your Credit Score: While it may take some time, improving your credit score can significantly impact your insurance rates. Focus on paying off any outstanding debts and making timely payments.
Ask About Discounts: Don’t hesitate to inquire about discounts for senior drivers, safe driving programs, or bundling policies (like home and auto insurance).
Consider Increasing Your Deductibles: A higher deductible can lower your premium. Just make sure it’s an amount you can comfortably cover if an accident occurs.
Check Coverages: Review your current policy to see which coverages you really need. You might find opportunities to reduce your premium without sacrificing necessary coverage.
Contact Local Agencies: Sometimes local or smaller insurers can offer better rates than larger national ones. Reach out to local insurance agencies to see what they can offer.
Be Honest and Accurate: When applying for quotes, provide accurate information, including your driving history. Misrepresenting yourself can lead to denied claims or future policy cancellations.
Stay Patient and Flexible: Finding the right coverage can take some time. Be open to different providers and options as you compare what’s out there.
By taking these steps, you should be able to find a new insurance policy that fits your needs and budget. Good luck, and don’t hesitate to reach out to friends or family for recommendations as well!