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Asking Your Insurance Company to Defer Payments

There are going to be some times in your life when things are not going to go your way. Bills, including your car insurance, may end up piling up, and you may be struggling to pay all of them at once. If this happens to you, you will want to try to take charge of the situation. Don't try to avoid the situation and just miss your payments, as this could have a negative affect on your credit score. See if you can work out another solution to the problem.

One thing that you may want to try to do to alleviate some of the financial pressure in your life is ask your insurer to defer some of your payments and to reduce your overall insurance costs if you have a fuel efficient used car. A lot of drivers out there don't even know that this is an option that they could have. There are going to be some companies out there that will consider giving customers a deferment if they cannot pay their bills on time. Don't be afraid to ask about this option, as it may end up saving you a lot of time and money in the future.

Who to Ask

If you are going to ask for a deferment on your insurance payments, then you're going to need to contact someone at your company's office. The first point of contact that you should focus on should be your agent. Out of everyone at your provider's office, this is probably the person that you have had the most contact with. If there is a procedure or protocol that needs to be followed, then your agent is going to have knowledge of this. Speak with him or her as soon as you can about this to find out what your options are.

In the end, it may not be your agent who has any say in the matter. While he or she may be able to direct you to the right forms or to the right person to speak to, you may end up having to speak to someone else at your insurer's office. If this is the case, make sure that you can find out as much information about the process as you can before you make the call or begin your plea. If you have all of your facts in order, then you have a much better chance of getting things done the right way.

Make Your Case

If you want to get a deferment on your car insurance payments, then you're going to have to follow whatever procedure that your insurance provider has laid out. This may be a really complicated process of filling out lots of forms, or it may be something that is a lot more informal. Whatever you required to do, make sure that you are doing it with care. You don't want to make the mistake of getting one thing wrong and being denied or having to start all over again.

Asking your insurance company to defer payments is likely to be much more successful if you can make your case successfully. If you can present your provider with facts and details, then this is going to have a much better chance of a yes. If you do want to defer your payments, make sure that you say for how long you want to do so. If you can provide some concrete dates for your insurer, then this is really going to boost your case in a good way. Think everything through and provide as much information as you can throughout the process.


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