How Often Should You Review Your Insurance Coverage? - Laureate Insurance Partners How Often Should You Review Your Insurance Coverage? - Laureate Insurance Partners

You should always check your insurance policy each renewal. There could always be a discount you’ve missed out on or a better rate for a certain type of coverage. An annual insurance review is also a great rule of thumb to use, especially if you have had any life-changing events occur such as marriage, children going to college, or home improvements. Small changes could mean further savings:

  • Bundling discount (You can often get a reduced car insurance premium by combining multiple policies, like homeowners and car insurance.)
  • Safety discounts
  • Renewal/customer loyalty discount (Insurance companies like customers who are loyal. Continuing to renew with the same company year after year can save you money.)
  • Multi-vehicle discount (Insuring multiple vehicles on one policy.)

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