Update the facts
List new drivers, vehicles, mileage, garaging, renovations, roof work, home-business activity, property acquisitions and household changes. Confirm that named insureds and listed drivers are still correct.
Insurance guide · Ron Marchiani, Farmers agent
Annual insurance renewal review: a practical checklist
A renewal is a good time to verify what changed and compare offers using updated information. Do not cancel current coverage until replacement timing is confirmed.
Direct answer
A renewal is a good time to verify what changed and compare offers using updated information. Do not cancel current coverage until replacement timing is confirmed.
Start with the policy language and the facts of the property, vehicle or household. General summaries help frame questions but do not determine coverage for an individual policy.
Compare the renewal to alternatives
Put old and new declarations side by side. Highlight premium, limits, deductible dollars, roof settlement, endorsements, exclusions, discounts and fees. Ask the insurer to explain material changes and whether optional coverages were added or removed.
Avoid a coverage gap
If you switch, confirm the new policy is accepted, paid as required and active on the intended date before canceling existing coverage. Keep proof of cancellation and the new declarations. Avoid sharing policy numbers or sensitive claim details through public website forms.
What to do
- Update household, property and vehicle changes
- Compare limits, deductibles, terms and exclusions
- Check listed drivers, use and garaging
- Confirm the new policy is active before any cancellation
More ways to prepare
Quick answers
Common questions
Why might my renewal premium change?
A renewal can reflect changes in the policy, property or household, insurer pricing and underwriting, discounts, or other rating factors. Ask the insurer to explain the specific changes on your renewal.
What should I compare when shopping at renewal?
Match the property or drivers, effective dates, limits and deductibles, then compare exclusions, endorsements, roof or vehicle terms, fees and payment plans.
Should I cancel my current policy as soon as I find a cheaper quote?
First confirm that replacement coverage is approved, issued and effective, and coordinate cancellation dates so there is no coverage gap.