When is best time to shop for car insurance?

Begin with the current insurer. Confirm your policy's renewal date, and ask about discounts or other ways to lower pricing. Find out if there are hidden fees or service charges for canceling coverage midterm.

You can price replacement coverage online or contact local agents. Other insurers market products through direct call centers. An accurate quote depends on truthful information about yourself (tickets and accidents, vehicle use, mileage, household member driving records, garage location, etc.), your vehicle, and the coverages you want. Be familiar with current limits on bodily injury, property damage, medical payments, uninsured and underinsured motorist coverage. Check deductibles on comprehensive and collision if you have physical damage insurance on your vehicle. Note add-ons like towing, rental car, new vehicle replacement, uninsured motorist property damage, gap coverage for leased vehicles as well.

Hundreds of insurance companies operate in Illinois, and rates can vary significantly. Get quotes from at least three companies, but avoid switching on price alone. Do some additional research, and then make an educated decision. Evaluate coverages as well as each insurance company's financial rating, complaint record, and licensing status. Insurers not licensed to operate in Illinois are not subject to state insurance laws.

Review the new policy to confirm it has the right coverages at the price you are looking for. Cancel coverage with the prior insurer to avoid billing issues.