Most people have to renew their car insurance policy every year. When your enrollment period rolls around, this is a great time to examine your coverage.

If your needs have changed, your policy might need changes as well. Cars are sensitive. They have changing values and uses. Therefore, car insurance is often a complicated item. You need to frequently make sure it still meets your needs. Therefore, before you renew, review. Here are some tips to help you do so.

1. Update Your Policy Information

Maybe you moved to a new house, gotten new registration or bought a new car in the last year. Ideally, you need to update your policy as soon as you make these life changes. It’ll help your coverage remain active at all times.

However, when renewing your policy, verify that the information remains correct. Don’t let spelling or numerical errors go unchecked. Doing so might cause problems if you ever need to file a policy claim.

2. Increase or Decrease Your Coverage Limits

Most car insurance policies come with limits to how much protection you can receive. For example, if you have $25,000 in collision coverage, you will receive, at most, $25,000 to repair your car after a wreck. Other limits, like your deductible, might also reduce the amount you receive when you make a claim.

Therefore, the limits on your policy should reflect the value of your car and your own solvency. Think about how much money you might need to make car repairs, settle lawsuits and more. Add or reduce the value to your coverage, as needed.

3. Research Savings and Payment Options

You’re going to have to pay a premium price for your coverage. However, many insurers have mechanisms to make your policy more affordable. Take the time to ask your insurance agent about what options you have to do so.

Many companies offer payment plans, some of which might result in policy savings. For example, if you choose to pay a lump sum for your premium, you might actually receive a policy discount. Other plans might allow you to pay monthly, semi-annually or quarterly for your policy. As a result, you can work out a schedule that works for you.

Furthermore, many insurers also offer a variety of other discounts. You might qualify for savings by taking driver safety courses, signing up for auto-payments or being a student. As a result, you likely have a lot of different ways to save.

So, when the time rolls around to renew your coverage, talk to your insurance agent. They can likely help you update, adjust and pay for your policy in the ways that work best for you.