More often than not, Americans sign an insurance policy with a trusted company, then forget about the nitty gritty details and prices that come with it. Paying the monthly fee becomes a habit.

However, this might not be the best way to reap the benefits of your contract. Experts recommend re-evaluating your policy every year to make sure it’s still the best fit for your budget and vehicle. Why? Check out the following reasons.

There Might Be New Discounts Available

 Over the course of a year, your insurance provider might introduce new savings opportunities that you are unaware of. Don’t let those slip by; stay in contact with your company so that you are always ready to pounce on the discounts you qualify for. They might not save you hundreds each month, but every penny saved counts.

 You May Need to Change Your Coverage

 When you’re young, signing an auto insurance contract that offers minimal coverage for your assets might be okay. After all, your vehicle probably isn’t worth a whole lot, and your net worth isn’t as high as it might be later. However, as you age, you’ll need to revisit your original policy to make sure that your coverage is high enough based on your age, income, and vehicle.

 It Gives You a Chance to Get to Know Your Agent

Establishing a rapport with your agent can benefit you in several ways. First, they will know you and your policy very well, so if you ever have questions or concerns, they’ll be quick to handle them. Secondly, if you’re on a friendly basis with them, they might even give you a heads up when discounts you’re eligible for come along. They might also give you good advice on how you can change your policy to save you money or provide better protection.