Howto switch car insurance to another company: In order to make this change, you will first have to
cancel it with your company.
Revoke
auto insurance policy
If you hired by phone, it will be by the same means in
which you can cancel insurance; The company will provide you with a portfolio
as proof of cancellation of the policy.
If you have arranged the insurance through an agent, you
must go to a service center with a letter in which you will write your desire
to end the contract with them. You will also need to provide a copy of your
official identifications.
You need to do this before the contract ends, otherwise
it will be automatically renewed.
If I
want to end the contract before the term expires?
Likewise, the company will request a document where you
will express the reasons why you do not want to continue insuring your car with
them. Even some institutions will also require some other trade from the same
company. They will always require a copy of an official identification and the
number of the insurance policy.
Will
I get my money back if I cancel the insurance?
Yes, now the companies return what you did not use in the
insurance. The term for this is unearned premium and is used by companies to
refer to the suspension of the insurance contract before its validity.
It is the institutions that review the premium that the
contractor used until the period in which he canceled his policy and the rest,
the time that no longer elapsed, is returned to the insured.
So the term earned is what has been used and has
supported you. It can also be requested if certain coverages were removed,
another car was purchased, or for total loss.
It is the right of the insured to require the unearned
premium; However, each company has its own conditions, so you will need to ask
what the conditions are.
Likewise, the amount may be less than you have given
because administrative fees may be charged or not doing so in the required time
also reduces the remuneration.
The documents you need will be the same as those
requested when canceling the policy: official identification and format or
unearned premium letter. Some companies will require proof of address and bank
transfer details and proof of payment of compensation in the event that the
unit was declared as a total loss.
In the office do not forget to put your full name, the
coverage you had, the make, model, year, engine and series of your vehicle.
Also the Interbank Clabe with the name of the bank. Nor do you forget to
mention that you require the return of the unearned premium, as well as some
means of contact for the institution to contact you.
If you haven't applied yet, you have up to two years to
ask for your unclaimed premium. Approach an advisor so that you have all the
documents in a timely manner. You can also use that favorable balance to
purchase other coverage for another unit.
Insurance
does not warn of some changes
It is the obligation of each company to inform all
contractors of the changes to be made, such as the price, conditions and
exclusions in its terms or conditions. If the company does not take such
action, it is violating the law and with the trust of its clients.
Points
to consider before changing insurance
It is important to know that your company may offer you
some discount so that you can renew with them.
Also that the price could be a little higher when
changing policies and this happens because of your insurance history or because
the vehicle is devalued.
How
to Search for Better Auto Insurance
Do not allow yourself to be without insurance for a long
period, apart from the fact that a coverage backs you up in heritage and
security, it is mandatory in half of the country's entities, which includes
Mexico City and the State of Mexico.
Find
the best rated insurers
CONDUSEF's site has a site to evaluate adjusters and find
the best-rated insurers. The companies that carry the optimal evaluations are
in the same place with the claims and claims that they have attended.
These ratings can give you an idea of ​​which institution
to choose, however, there are companies with more evaluation reports than
others, for which it is recommended to assess other points of each company.
Compare
car insurance prices
As it is difficult to be looking for prices and benefits
of each insurer, because it takes time and patience, Rastreator has an
insurance comparator that can provide you with the necessary information about
the most recognized insurance institutions in the country.
Make
my car insurance cheaper
There are many ways to make the policy cheaper and at the
same time not lose benefits. We list some of them:
Add a person of
legal age as the holder: If there are going to be two frequent drivers,
preferably, the person over 29 years of age must sign since those who are
minors are considered high risk, consequently, the premium is higher.
Security
equipment: accessories such as GPS that demonstrate to the insurer that you are
interested in the safety of your car, will make the rate lower.
Ideal driver:
when you are a person who drives with caution, you do not have fines or
infractions, that is, having a good record will earn the trust of your company
to decrease the price of the contract.
Pay in cash:
you can save a lot of pesos by paying in cash and not split payments. Of
course, if you consider that you do not have other important expenses and you
can afford it.
Protection
measures: if your car is sheltered in some type of garage, do not skip it to
the company because it could benefit you.
It is also possible that you have not yet bought your
car, so choose the safest, that uses little gasoline and that is one of the
least stolen or its spare parts are obtained in any workshop, since this will
also help you lower a few pesos to the premium.
