The best thing you can do regarding your car insurance every year is to check your policy. Bill Swymer, an adjunct finance professor at Bentley University in Waltham, Massachusetts, states that the number one reason people need to be reviewing their insurance policies yearly is because circumstances change. “You do not want to be left underinsured or paying for insurance you no longer need,” he says. Another reason to check the policy yearly is because there may be an error or two in there. Ken Davidson, co-founder of Dallas-based Eagle Independent Insurance, mentions that you may lower your premium if you regularly compare insurance quotes. “Insurance premiums can frequently change for several reasons,” says Davidson. “By comparing different policies at every renewal period, or even more frequently, can consumers ensure they’re getting the best deal at that time.”

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