If you’ve started driving less … check with your agent about discounts that may be available for low-mileage drivers. In 2020, most insurers issued refunds to policyholders because so many drove less due to lockdowns and work-from-home situations. If your policy still reflects a long commute that you no longer make, be sure to let your agent know.
If you use your car for job-related tasks … you won’t be covered if you’re in an accident while on the job—unless your policy classifies your vehicle as a business vehicle (for real estate agents, for example). Most policies don’t include coverage for delivering pizza or driving for a ride-sharing service like Uber.
If you rent a car after a wreck … you’ll want your insurance to pay for a vehicle similar to yours while it’s in the repair shop. Research that cost and compare it to the per-day rental coverage on your policy. Say, for example, you drive a minivan to ferry your children around. If the van is in a crash and spends several days in a shop, you’ll want your insurance to pay for a similar-size vehicle.
If your pet loves to come along for the ride … check your policy to see if it covers injuries to Spot while he’s riding in the vehicle.
If you buy a new car … most auto policies include a 15- to 30-day carryover of coverage from your previous car when you buy a new one.
If you’re tempted to delay making a claim after a crash … don’t. Most policies have a window of time after a crash to make a claim. More importantly, you might jeopardize the investigation, which could affect how much of the damage is covered.
If you waive uninsured motorist coverage … you risk having to pay your high medical bills from your own pocket, because this coverage provides protection if you’re seriously injured by a driver without insurance. The odds of that happening are greater than you might think, as 12.6% of drivers on U.S. roads have no insurance, according to a report published by the Insurance Research Council in 2021.