@Progressive Blog - Policy Up for Renewal Soon? Keep Two Things in Mind

renewal of insurance policy

Policy Up for Renewal Soon? Keep Two Things in Mind

Posted by Brittany Ritchey on 12/3/2009 at 9:00 AM

Recently, we responded to a tweet wondering whether a Progressive policy rate would go down if its renewed. Like many other budget-conscious shoppers, the person who tweeted had compared rates at renewal time to make sure he was still getting a good deal. So what happens if you find a lower rate elsewhere? Why keep the policy you have?

Here are two things to consider.

If you renew your current policy, you might qualify for benefits and discounts. Progressive customers who renew a policy, for example, might qualify for guaranteed renewal, large accident forgiveness, and a young driver discount. These benefits can vary by state.

Not all policies are created equal, so a lower price might not be a bette... http://auto-insurance.ucoz.com/news/renewal_of_insurance_policy/2013-06-16-3583

Renewal (Insurance Policy) | 4AutoInsuranceQuote.com

renewal of insurance policy

Renewal (Insurance Policy)

A policy renewal is simply the continuation of set and terms and conditions under an existing policy, in a similar policy usually but not always with an increase in premium to accompany the renewal.

In US auto insurance policies it is common for policies to automatically renew unless the policy holder informs their insurance company in advance that they do not wish to continue coverage. In this instance the insurance company will normally issue a new policy upon taking the first payment due under the policy without the insured party having to take any specific action to continue their insurance.

What are the advantages of having automatic policy renewal for my insurance?

The advantage of automatic policy renewal for your insurance is that you don’t have to worry about your car or vehicle ever being uninsured as... http://insure.ucoz.com/news/renewal_of_insurance_policy/2013-05-31-2761