How often should a driver review their insurance policy?

Reviewing an insurance policy annually or after significant life changes is essential for ensuring that coverage remains adequate and appropriate. Insurance needs can change over time due to various factors such as marriage, purchasing a new home, acquiring additional vehicles, changes in driving habits, or significant life events like having children.

By reviewing the policy regularly, a driver can assess whether their current coverage limits, deductibles, and types of coverage align with their current circumstances. This practice helps identify any gaps in coverage, potential savings on premiums, or necessary adjustments to meet new risks. Regular reviews also allow drivers to stay informed about any changes in policy terms, discounts available, or developments in state insurance regulations that could impact their coverage.

In this context, choosing to review the policy only during specific times, such as when renewing or infrequently, would not be proactive in managing risks effectively. It can jeopardize adequate protection and might lead to unexpected financial burdens in the event of an accident or claim.