“I am so busy when my insurance policy renews! I’ll get to it next year.”
“My rate went up a month ago! I just haven’t had time to look into it.”
“It’s been over two years since I was last quoted. I’m sure my loyalty is being rewarded.”
If you haven’t had your insurance quoted in over two years, it’s time—regardless of when your renewal date is. Life moves fast, and it’s easy to put off reviewing your insurance. But what if just a quick call or text could save you hundreds or even thousands of dollars a year? At Nightlight Insurance, we’re here to help you do just that.
Why Shop for Insurance Now?
Convenience
Insurance renewal dates have a way of creeping up during the busiest times. Fortunately, you don’t have to wait until your renewal date to shop for better rates. You can shop for insurance whenever it suits your schedule. By shopping now, you can avoid the last-minute rush and take advantage of better rates before your policy renews.
No Penalties
Switching insurance providers before your renewal date doesn’t come with penalties in most cases. Plus, if you cancel your current policy early, most insurance companies provide a pro-rated refund for the unused portion of your premium—meaning you start saving immediately.
Lock in Lower Rates
By shopping early, you can lock in a lower rate before your current insurer raises prices. Given the record-high increases in auto insurance premiums—up 16.5% year-over-year—acting sooner rather than later can help you avoid unexpected rate hikes.
Risk-Free Quotes
Shopping for insurance is a no-risk way to explore your options. Contrary to popular belief, getting a quote won’t affect your credit score, and you’re not obligated to switch providers if you don’t find a better deal. Worst case? You stay where you are. Best case? You save big.
When Should You Shop for Insurance?
Shopping for insurance isn’t just for renewal periods—there are specific times in your life when it makes the most sense to get a quote:
- New Roof: If you’ve recently installed a new roof, it can have a big impact on your home insurance rate. Many insurers reward new roofs with lower premiums, making this a great time to shop around.
- Teen Driver: Adding a teen driver to your policy often results in a substantial premium increase. Shopping for a new policy can help mitigate this impact.
- Major Renovation or New Home: After a major home renovation or moving into a new home, it’s crucial to ensure you’re adequately covered. Shopping around at these milestones can help you find the right policy for your new circumstances.
- New Car: Just purchased a new vehicle? Adding it to your current policy may increase your premiums significantly. By shopping for a new policy, you could find a better deal that covers all your needs at a lower price.
- Life Events: Major life changes like growing your family or buying a new home are excellent opportunities to review and possibly upgrade your insurance coverage. For growing families, adding life insurance may also be worth considering to ensure your loved ones are protected.
Everyone Else is Shopping—Shouldn’t You?
The numbers speak for themselves. According to the LexisNexis Insurance Demand Meter, auto insurance shopping is at an all-time high, with states like Texas, Florida, Georgia, and Arizona seeing more than 50% of policyholders actively shopping for better rates in 2024. This rise is largely driven by steep increases in premiums—reaching levels not seen since 1976.
Moreover, nearly 38% of people are shopping their auto insurance annually. With such a significant number of drivers looking for better deals, it’s clear that loyalty doesn’t always pay off. If you haven’t checked your insurance rates recently, it might be time to take a closer look.
Common Insurance Myths
Myth #1: Staying with One Company Saves You Money
Many people assume that being loyal to one insurer leads to better rates. However, in many cases, switching providers can save you more in the long run—especially as rates across the industry continue to rise.
Myth #2: Shopping for Insurance Takes Too Much Time
Shopping for insurance doesn’t have to be time-consuming. At Nightlight Insurance, we do the heavy lifting for you. We work with over 20 carriers to find the best options for you, so all you have to do is pick the one that makes the most sense.
Myth #3: You Can’t Switch Insurance If You Have an Escrow
If your insurance is paid through an escrow account, you can still change providers. We’ll guide you through the process and ensure that your lender is informed of the switch.
How Nightlight Insurance Can Help
At Nightlight Insurance, we’ve saved our clients anywhere from $700 to $800 per year by shopping their policies across multiple carriers. Just last month, we saved one family $6,000 annually on their home insurance—without sacrificing coverage.
Let us do the work for you. We’re just a phone call or text away from beginning the process of shopping your insurance across 20+ carriers. Don’t wait until renewal—start saving today.
Curious if you have the right coverage at the best price? Get a free, no-obligation quote from Nightlight Insurance.
Call or text (512) 488-3586 today.
CEO
Nightlight Insurance Agency
