Some (not all) auto insurance companies offer you the choice between selecting a 6 month policy or a 12 month auto insurance policy. A lot of people ask me if there’s a difference, or if it is better to choose versus than the other….
The answer depends on what is on your driving record…. If you’re driving record is clean, it really doesn’t matter…. But if you have accidents, tickets or any other violations that are on your driving record, you’re better off going with the SIX MONTH policy.
For those with clean records:
Choose the term and payment plan you like best and don’t waste another thought worrying about it. If your driving record is clean, it really doesn't matter which policy you choose.
For those with accidents, tickets and violations:
Eventually, those dings on your record will fall off, as far as insurance ratings are concerned…. Some companies go back only 3 years, other companies go back 5 years, but minimize the severity after the third year. But regardless, the time will come when that accident or ticket “falls off”…. But once you reach that date, you still don’t get charged a lower premium until after the expiration date of your policy (you should see the decrease on your renewal offer)…. So depending on dates of occurrences and dates of your policy term, a 12 month policy could drag out a longer time period that you would still have to pay the surcharge for whatever violation…..
So stick with a six month policy, if you have any violations…. For all others, it really doesn’t matter.
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Dan Lyles is an Independent Insurance Agent serving Ohio, Indiana, Michigan, Pennsylvania, Virginia and West Virginia..