Empire Fleet Solutions

- Why change to a new Vehicle Insurance Company?

Reviewing your vehicle insurance coverage on a regular basis will ensure that you are receiving the best insurance value for your money.  You will find that it is worth looking around first before making a final decision.  Depending on your location, premiums for identical policies vary widely among various vehicle insurance companies.  The reason for this price variation is due to the fact that a company’s claims experience with policyholders in a specific coverage group (such as people of similar age, number of accidents, and type of vehicle).  For example, if a large number of people in a specific coverage group files claims during a given year, chances are good that their rates will go up.  When this happens, better discounts and lower overall premiums may be available at rival insurance companies.  When you decide to switch your vehicle insurance to another company, you will find that it’s fairly easy to do so.

- How to cancel your old Vehicle Insurance Policy

Generally, all you need to do to cancel your vehicle insurance policy is to inform your insurance company in writing, specifying the date you want the policy canceled.  The normal procedure is for the new company to notify the previous company of the policy change.  Some vehicle insurance companies require the policyholder to send back the actual printed policy.  After this is done, the insurance company will send a cancellation request form that will need to be signed and returned.  Careful examination of the form will ensure that all information regarding the policy is correct.  You need to follow up on the status of the cancellation.  Never simply walk away from the old policy without formal cancellation.  Most insurance companies require that vehicle insurance policies be cancelled with notice; if not, it could hurt your credit rating and ability to get a new policy.

- Get a new Vehicle Insurance Policy first before canceling the old one

It is of the utmost importance to have a new policy in place before canceling the previous one.  If this is not done, you might have a gap in protection for a few days.  Most insurance companies require policyholders to present proof of new coverage before they will cancel an active policy.  The new company will be able to time the beginning of the new policy to coincide with the cancellation of the prior coverage.