Car Insurance Oversights to Avoid
Car insurance can be a sticky subject. Most times people
dislike having to pay for a service they may or may not use. There are so many
misconceptions about auto insurance, that it clouds your judgment and
influences your decisions when buying insurance. Here are 4 rookie mistakes to
avoid when buying your policy.
Mistake 1: Buying coverage based on the minimum state
requirement rather than considering your needs and requirements.
While it is important to meet the state's coverage
requirements, it's more important to make sure the coverage you choose
adequately protects you, should you ever need it. Keep in mind that while it's
important to meet your state's minimum requirements, choosing minimum coverage
could leave you with additional expenses that you might not be able to afford
should you ever have to make a claim. Choose a higher limit if you think you might
not be able to pay for damages out of your pocket. Choose your coverage wisely.
You'll be glad to you did.
Mistake 2: Buying the cheapest policy, rather than giving
a thought to what you can get for the price you pay
It's always a good idea to get multiple quotes from at
least 3 different vehicle insurance companies, true. But if you decide to go
ahead with the cheapest quote, you might be making a mistake. Think about it-
yes, it's great to get a cheap deal. Who doesn't like to save money! But car
insurance is not just about finding the cheapest deal. There's so much more to
consider. Do they offer 24-hour claims service? How prompt are they with
following up claims? Is their service hassle-free? Do they pay for original
manufacturer parts? Sometimes, you might have to pay a little extra, but for
the service you get, it might well be worth the extra money, especially right
after a stressful accident.
Mistake 3: Lying about your driving history on your car
insurance application
Honesty is always the best policy. Especially when it
comes to buying car insurance. Lying to your vehicle
insurance company is never a good idea. Failure to disclose tickets, past
accidents or other moving violations on your application could result in
serious repercussions. For starters, your vehicle insurance company might
cancel your policy or even deny your claim. Going forward, other insurance
companies might view you as a high risk candidate and charge you higher rates.
So, if you're thinking about lying on your policy to save a few bucks, think
again. Insurance companies have a way of finding out about such things. They do
check your driving history, driving records, credit rating etc, so your lie is
sure to be found.
Mistake 4: Assuming your insurance provider doesn't need
to be informed about life changes.
Car insurance rates depend upon a number of factors. These
include your age, sex, marital status, where you live, credit and driving
history etc. So if there have been recent changes in your life- relocating to a
different city, marriage, divorce, retirement etc, let your insurance provider
know as soon as possible.
Make a mental note to avoid these mistakes before buying
your car insurance. You'll be glad you did.
Bethany Collins is a mother of two who works from home and
lives with her husband. She is voracious reader and always looks out for
happening topics related to personal finance. She specializes on subjects
related to car insurance and uses her spare time to write on topics related to
auto insurance and Car insurance rates and etc.
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Source: http://EzineArticles.com/?expert=Bethany_Collins
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