To efficiently complete this process, there are also some key pieces of information you will need to have on hand. These are comprised of: your provincial drivers’ licence number, and the date-of-birth for each driver listed on your policy.

Additionally, should any drivers included in your policy not have BC driver’s licenses, you will want to have the following information for each driver with you: the name of the driver, their driver’s licence number, as well as the region (province) where the licence was issued.

 Furthermore, in instances where you may be eligible for any discounts on your insurance, these are also typically included in your renewal reminder. For example, if you qualify for the low-mileage discount, then at the time of renewing your insurance, you will want to have an up-to-date odometer reading with you to demonstrate your eligibility.

 Finally, as you look to renew your car insurance, there are online tools and resources available to help with this process, as well as an option for obtaining an estimate of your upcoming car insurance costs. It is also recommended that you contact your insurance provider for extra clarification whenever necessary.

While in-person insurance renewal is often an option as well, with COVID-19 still being a presence in our lives, the renewal process as well as other insurance services have also continued to be provided through phone and online channels.

With virtual renewal especially, the timeframe for renewing your insurance can conveniently be done as early as 44 days prior to your expiry date, which can allow you to get a head start on your insurance renewals.

It is also worth noting that there are many advantageous to renewing your car insurance directly through your insurance company.

First and foremost, your insurance agent can provide additional assistance as you navigate this process.

Also, whether you are thinking about or ready to make changes to your insurance coverage, then this is a good opportunity to reach out to your provider and discuss your options.

Not only can this be an extremely beneficial step when it comes to getting clarification and adjusting your vehicle insurance, it can also be an opportune time to discuss and review all of your options for other types of insurance you may require.

An insurance renewal is the standard length of time an insurance policy is in effect without an insurance company adjusting your rate. Of course, there are exceptions to every rule, and it is possible – on rare occasion – for your rate to change shortly after purchasing a new policy if you do not meet underwriting guidelines.

The renewal date of your insurance policy is based on the date your policy took effect. So, it could actually take place on any day of the year depending on when you originally started the policy. The other factor in determining your renewal date is the length of your policy period. Policies usually renew annually or semi-annually. The start of the year is a perfect time to take stock of when these renewals are coming due so you can plan ahead.

Renewal information is usually mailed or emailed to you 45 to 30 days in advance of your renewal. You will receive a declaration page along with other information explaining your policy. A new proof of insurance is usually enclosed with the declaration page.

Look at your existing rate and see if you qualify for any further discounts. When you get your renewal reminder, this will help prompt you to do this review as sometimes insurance is easy to forget if you haven’t had the need to use it recently. It is a good time to contact your insurance agent to review your policy.

It is possible for every person insured with a given carrier to have a rate increase. Insurance rates can rise due to increased claim activity. If an insurance carrier is losing money, rates can increase. Also, if there appears to be a higher level of risk, an insurer will increase the value of the insurance on the policy to protect them from further exposure. Insurance policy renewals are a standard part of insurance. All policies renew and insurance companies have the ability to recalculate your insurance rate. Use this time of year to mark your renewal dates in 2020 so you know when to review your policy and think about possible changes.

When looking for insurance coverage, you want to partner with an insurance agency that has access to a wide network of insurers. This is key to getting the best coverage and the most competitive rates.

At Leaders Insurance, we can often source competitive insurance coverage where other agencies can’t. Our team has a wealth of expertise and we service clients not only in the Tri- Cities but also across the Lower Mainland and BC as a whole. As you plan out your year, please feel free to reach out to us so we can provide you with a quote for all your insurance needs. Let’s make 2020 your best year ever!