How does a manufacturer recall affect your auto insurance? Roberto received terrible news from his insurance company: they raised his monthly premium by $60. So, he decided to shop around for a new policy. But his surprise grew when he contacted another company. After providing his VIN, the agent said, “We’re sorry, but we can’t offer you a quote right now—our system shows an open recall for your vehicle that hasn’t been addressed.”
Sure enough, a few months back, Roberto received several letters from the manufacturer urging him to bring his car for a free recall service. However, since his car seemed to be running fine, he ignored them.
The agent explained that to get a quote, Roberto would need to take his car to the designated service center and complete the recall. In his case, this was a software update for the vehicle’s safety systems.
Roberto invested about two hours at the shop performing the service. With the necessary paperwork in hand, he called the insurance company again, and this time, they offered him a rate that was $80 lower than his current monthly premium. By addressing the recall promptly, Roberto not only ensured his safety but also saved a significant amount on his insurance costs.
Recalls are a common occurrence in the automotive industry. In 2022 alone, there were about 934 recall campaigns in the U.S., affecting more than 30.8 million vehicles. So, if you find yourself in Roberto’s shoes, know that you’re not alone.
The lesson here is clear: if you get a recall notice from your car’s manufacturer, take it in promptly to address potential safety issues. As we saw with Roberto’s story, an unattended recall can affect auto insurance costs.
Remember, your safety and your wallet are at stake. To check if your vehicle has any open recalls, visit NHTSA.gov/recalls and enter your VIN. By staying informed and taking action, you can ensure your vehicle is in top condition and your insurance costs are kept in check.
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