1 Feb 2021 Many insurance companies gradually increase your rates over time and, if you aren't careful, you could end up paying substantially more for your coverage than you need to. Unfortunately, reviewing our insurance policies is one of those chores we often file under, "I'll do it when I get around to it." If you are like me, "when I get around to it" is easy to push off until another day. That's why it's a good idea to set a self-imposed deadline. For example, the start of the year is a great time to review your insurance policies. You can also do it on your birth month or any other time of your choosing, so long as you set a date and stick to it. But even an annual insurance review may not cover all of your needs. There are times when it may make sense to review your insurance policies more frequently.