How to Renew Car Insurance in the Second Year for a New Car?
1 Answers
For renewing car insurance in the second year of a new car, you can directly go to the insurance company's business hall to handle the car insurance. Alternatively, you can choose telephone car insurance or online car insurance methods. Generally, car owners purchase "full coverage" in the first year, but in the second year, they can freely customize their car insurance based on the previous year's experience. Important considerations for the second-year renewal: 1. Avoid filing claims at the end of the first year: Many car enthusiasts are aware of this rule—after purchasing insurance in the first year, the premium may increase by about 20% in the second year, which is not a small amount. Although the exact figure may vary, it generally won't be lower than this base. 2. Bypass insurance intermediaries and handle it yourself: Nowadays, more and more car dealerships offer insurance services for car owners. Many male car owners find it convenient to have someone assist them, but they may not realize that different insurance companies charge different fees, and dealerships may add a 20%-30% service fee. Therefore, it's essential to bypass the dealership and handle it yourself, as the process is quite simple. Moreover, you can compare different options when handling car insurance on your own. 3. Renew proactively without delay: When renewing in the second year, it's recommended to stick with the same insurance company, as they often offer discounts of around 10% to loyal customers. Frequently switching insurance companies might lead to worse deals. Proactively renewing in advance makes you a preferred customer for the insurance company, significantly reducing claim processing time.
