How quickly do changes I make to my policy go into effect?

When I buy auto insurance, can changes I make to my policy get processed right away? That’s a question that a lot of drivers ask themselves, and the answer is, yes, all changes you make to your policy go into effect right away. You can adjust your automobile insurance policy as you see fit, and most insurance companies these days allow you to make changes to your policy at any time of day through the use of a mobile app or by calling the company’s 24-hour customer service phone number. The next question that is most likely on your mind is: Will my insurance company offer lower auto insurance rates after changes I make to my policy are processed? While you could get cheaper rates, you could also face an increase in your rates depending upon what kind of changes were made to your policy. Keep reading to learn who can make changes to your policy, when you can make changes to your insurance policy, and how to get lower rates on your insurance. Enter your ZIP code to get free insurance quotes if you’ve caught yourself wondering, can changes I make to my policy make my insurance more affordable?

Are changes to an insurance policy effective right away?

As soon as any changes are made to a policy, they go into effect right away, but who has the authority to make changes to an insurance contract? You, the owner of the policy, must give your direct consent for any changes to be made to your insurance policy. For example, if you were to call your insurance representative and ask what your rate would be if you raise your deductibles, your insurance representative would be able to change the deductibles and tell you what the new rate is without finalizing the change. This way, you can process new information without fear of experiencing buyer’s remorse and make the best insurance decision for you. Once you know what will happen to your rates if you raise your deductibles, you can approve it or say that you’ve changed your mind and keep your policy exactly as it is. Of course, once you say that you would like your deductibles or coverage options to be adjusted, the insurance representative will do as you have requested, and all the changes you asked for will go into immediate effect. Now, changing a car insurance policy after an accident is not so simple. If you happened to cause an accident where you collided into someone’s brand new Rolls Royce, you can’t hop on the phone right away and hike up your coverage limits. Your insurance company will not look up such actions kindly, and you could face some serious repercussions for trying to pull a fast one on your insurance company.

Read more:

• Can I add or remove coverages in the middle of my policy?
• Once I buy the policy, will I ever need to change my insurance coverage?

Enter your ZIP code below to compare auto insurance rates.

 Secured with SHA-256 Encryption

Can drivers switch to a new insurance company at any time?

Are there any rules that forbid drivers from changing auto insurance mid-policy? No, there are not. At any point in your policy, you can choose to switch (read our “How to Switch Auto Insurance Companies” for more information) to a new company. Now, if you’ve spent some time searching “how to change my insurance plan” on the internet, you’ll be pleased to learn that switching insurance companies is very simple. All you’ll need to do is shop online, find the best policy for your needs, and make sure that the effective date is no later than the cancellation date of your current policy so you don’t have any lapse in coverage. If you want to find a new insurance company but aren’t sure where to start, take a look at the average rates offered to different age groups by the biggest names in the insurance industry today. You can use this chart as a reference to determine which insurance company is the best fit for you:

Insurance Provider	Single 17-year-old female	Single 17-year-old male	Single 25-year-old female	Single 25-year-old male	Married 35-year-old female	Married 35-year-old male	Married 60-year-old female	Married 60-year-old male
Allstate	$9,702.39	$11,687.90	$4,498.53	$4,674.05	$3,644.62	$3,668.74	$3,595.93	$3,595.93
American Family	$8,606.74	$11,338.72	$4,508.70	$5,172.72	$3,076.88	$3,440.54	$2,918.23	$3,357.40
Geico	$5,977.56	$6,157.76	$2,937.45	$2,902.58	$2,717.10	$2,944.34	$2,638.90	$3,023.87
Nationwide	$6,664.22	$8,542.40	$2,762.74	$2,985.74	$2,350.64	$2,387.13	$2,080.17	$2,198.96
Progressive	$10,399.12	$11,605.52	$2,927.41	$2,965.04	$2,473.67	$2,345.40	$2,202.78	$2,243.60
State Farm	$5,378.84	$6,859.94	$2,421.28	$2,488.98	$2,223.31	$2,223.31	$1,985.80	$1,985.80
USAA	$4,775.09	$5,170.04	$2,235.59	$2,376.51	$1,683.17	$1,685.90	$1,619.86	$1,600.72

So, can you switch insurance at any time? Yes, you can, but if you catch yourself thinking, “Do I need to find a different auto insurance company for changes I make to my policy to be cost-effective?” you may want to pause for a moment before you do anything drastic. You must understand that you may be able to make adjustments to your current policy that could save you money.

How can changes to a policy lower insurance rates?

How can I get affordable auto insurance when changes I make to my policy go through? The answer is simple. You can all the discounts you qualify for to your policy, and by making that change, you could earn yourself some immediate savings. Many insurance companies offer a wide range of discounts that benefit new and more experienced drivers. Take a took at this extensive breakdown of different types of discounts offered by major insurance companies and see how you could save on your insurance coverage: Auto Insurance Discounts Available by Company and Discount Amount

Discount Name	Allstate	American Family	Farmers	Geico	Liberty Mutual	Nationwide	Progressive	State Farm	Travelers	USAA
Adaptive Cruise Control	✓	✓	✓	✓	5%	✓	✓	✓	✓	✓
Adaptive Headlights	✓	✓	✓	✓	5%	✓	✓	✓	✓	✓
Anti-lock Brakes	10%	✓	✓	5%	5%	5%	✓	5%
Anti-Theft	10%	✓		23%	20%	25%	✓	15%
Claim Free	35%	✓	✓	26%	✓	10%	✓	15%	23%	12%
Continuous Coverage		✓	✓		✓	✓	✓	✓	15%	✓
Daytime Running Lights	2%		✓	3%	5%	5%	✓	✓
Defensive Driver	10%	10%	✓	✓	10%	5%	10%	5%	10%	3%
Distant Student	35%	✓	✓	✓	✓	10%	✓		7%
Driver's Ed	10%	✓	✓	✓	10%	✓	10%	15%	8%	3%
Driving Device/App	20%	40%	✓	✓	30%	40%	20%	50%	30%	5%
Early Signing	10%	✓	✓	✓	✓	8%	✓	✓	10%	12%
Electronic Stability Control	2%	✓	✓	✓	5%		✓	✓	✓	✓
Emergency Deployment	✓	✓	✓	25%	✓	✓		✓	✓	✓
Engaged Couple	✓	✓	✓	✓	✓	✓	✓	✓	✓	✓
Family Legacy	✓	✓	✓	✓	✓	✓	✓	✓	✓	10%
Family Plan	✓	✓	✓	✓	✓	25%	✓	✓	✓	✓
Farm Vehicle	10%	✓	✓		✓	✓		✓	✓	✓
Fast 5	✓	✓	✓	✓	✓	✓	✓	✓	✓	✓
Federal Employee	✓	✓		12%	10%	✓		✓	✓	✓
Forward Collision Warning	✓	✓	✓	✓	5%		✓	✓	✓	✓
Full Payment	10%	✓	✓		$50	✓	✓	✓	8%	✓
Further Education	✓	✓			10%	15%		✓		✓
Garaging/Storing	✓	✓	✓		✓	✓	✓	✓		90%
Good Credit			✓	✓	✓		✓		✓	✓
Good Student	20%	✓		15%	23%	10%	✓	25%	8%	3%
Green Vehicle	10%	✓	5%	✓	10%	✓	✓	✓	10%	✓
Homeowner	✓	✓	✓		✓	5%	✓	3%	5%	✓
Lane Departure Warning	✓	✓	✓	✓		✓	✓	✓	✓	✓
Life Insurance	✓	✓	✓	✓	✓	✓	✓	✓	✓	✓
Low Mileage		✓		✓			✓	30%
Loyalty	✓	✓	✓	✓	✓	5%	✓	✓	✓
Married	✓	✓	✓	✓			✓		✓
Membership/Group	✓	✓	✓		10%	7%		✓		✓
Military		✓	✓	15%	4%	✓			✓
Military Garaging	✓	✓	✓	✓	✓	✓	✓	✓	✓	15%
Multiple Drivers	✓	✓	✓	✓	✓	✓	✓	✓	✓	✓
Multiple Policies	10%	29%	✓	10%	20%	10%	12%	17%	13%
Multiple Vehicles		✓	✓	25%	10%	20%	10%	20%	8%
New Address	✓	✓	✓	✓	5%	✓	✓	✓	✓	✓
New Customer/New Plan	✓	✓	✓	✓		✓	✓	✓	✓	✓
New Graduate	✓	✓	✓	✓	5%	✓	✓	✓	✓	✓
New Vehicle	30%	✓	✓	15%	✓			40%	10%	12%
Newly Licensed	✓	✓	✓	✓	5%	✓	✓	✓	✓	✓
Newlyweds	✓	✓	✓	✓	5%	✓	✓	✓	✓	✓
Non-Smoker/Non-Drinker	✓	✓	✓	✓	✓	✓	✓	✓	✓	✓
Occasional Operator	✓	✓	✓	✓	✓	✓	✓	✓	✓
Occupation		✓			10%	15%	✓	✓		✓
On-Time Payments	5%	✓		✓	✓	✓	✓	✓	15%	✓
Online Shopper	✓	✓	✓	✓	✓	✓	7%	✓	✓	✓
Paperless Documents	10%	✓		✓	✓	5%	$50	✓	✓	✓
Paperless/Auto Billing	5%	✓		✓	✓	$30	✓	$20	3%	3%
Passive Restraint	30%	30%		40%		20%	✓	40%
Recent Retirees	✓	✓	✓	✓	4%	✓	✓	✓	✓	✓
Renter	✓	✓	✓	✓	✓	✓	✓	✓	✓	✓
Roadside Assistance	✓	✓	✓	✓	✓	✓	✓	✓	✓	✓
Safe Driver	45%	✓		15%	✓	35%	31%	15%	23%	12%
Seat Belt Use	✓	✓	✓	15%	✓	✓		✓	✓	✓
Senior Driver	10%	✓		✓	✓	✓	✓	✓	✓
Stable Residence	✓	✓	✓	✓	✓		✓	✓	✓	✓
Students & Alumni	✓	✓	✓		10%	7%		✓	✓	✓
Switching Provider	✓			✓	10%	✓		✓	✓	✓
Utility Vehicle	15%	✓	✓		✓	✓		✓	✓	✓
Vehicle Recovery	10%	✓	✓	15%	35%	25%	✓	5%
VIN Etching	✓	✓	✓	✓	5%		✓	✓
Volunteer	✓	✓	✓	✓	✓	✓	✓	✓	✓	✓
Young Driver	✓	✓	✓	✓		✓	✓	✓	✓	$75

As you can tell, making a small change to your policy, like adding a discount, could earn you some pretty big rewards. What’s even more exciting is that when a discount is added to your policy, it goes into effect immediately so you will see the effect of your efforts right away.

Making Changes to an Insurance Policy: The Bottom Line

After learning all this new information, you may find yourself wondering if you should make changes to your policy, or compare rates online before you do so. When you shop online, you can have all the information you need to make the best decision for your insurance needs right in front of you within minutes. You can adjust coverage levels, and your deductible amounts to find the insurance company that has the right policy for you. And remember, any changes that you want to make to your current policy will become effective as soon you give the word. While you consider how changes you make to your policy might make your insurance cheaper, consider what other companies have to offer. Enter your ZIP to get free quotes right away.

Read more: Add or remove coverages.

Enter your ZIP code below to compare auto insurance rates.

 Secured with SHA-256 Encryption