by onlinefinancialnewsletters | Feb 22, 2018 | Personal Protection
Important Information
Most people will not argue the need to have car insurance for their cars because they know that how important auto insurance is to cover difficult situations such as theft, natural disasters, and accidents.
However, what most car-owners don’t know is how to avoid certain car insurance challenges. Some of the the most common mistakes range from paying too much, not having adequate coverage for your insurance needs, or signing up for redundant policies.
Here are some other challenges…
Not fully understanding the coverage you’ve purchased
Do not be deceived by the term “full coverage”. You might not be as covered as you think you are. Never make assumptions about the coverage you have or don’t have. Always get clarity on your insurance contract. Your agent should be happy to help you understand. And if they leave you with more questions than answers, we’re here to help!
Not asking about discounts
There are numerous discounts you may be entitled to have, such as price reductions, discounts for seniors, students, safe drivers, and lots more. Also, you could save on your premiums based on how your vehicle is equipped. Never fear of asking your insurance agent for discounts. They add up!
Neglecting to compare rates
While shopping for insurance isn’t really fun, getting multiple quotes is beneficial… comparing rates benefits your wallet and gives you peace of mind. The good news is that as an independent agency we compare rates between multiple carriers to find the best policies for our clients!
Purchasing only the state-required minimum
Purchasing state minimums for your insurance may keep your insurance premiums low. However, it will always cost you more if and when you need to make a claim. It is advisable to pay a little bit extra just for that peace of mind. That way you will be ready for anything that comes your way with complete coverage.
Avoiding these car insurance mistakes is easy and we’ll gladly help. If you have questions about car insurance, please reach out to us!
by onlinefinancialnewsletters | Feb 22, 2018 | Personal Protection
Choosing the right insurance policy can be an excruciating process for many people, and they try as fast as possible to get through it. When getting auto insurance, most people prefer to go with a company they know or one they often see on TV. Often, folks discover too late via terrible customer service or a complicated claim filling process that their auto insurance is doing more harm than good.
The smarter way to buy auto insurance
Vehicles are not assets, but a liability. They start depreciating the moment you put on your ignition and start to drive home. Right from there, your car will continue to lose value and cost you money. No one wants to lose their vehicle or overspend on the car for repairs after an accident. So it’s wise to take time and choose the right auto insurance policy suitable for you and your needs.
There are several things you can do when choosing an auto insurance plan. The first is to check all details of what is included in the package. A lot of people pay little or no attention to these details until an accident occurs. Of course by then, it’s too late. And some folks also make the mistake of opting for the lowest quote they can get. However, they fail to understand that the coverage is insufficient.
A lot of people will think that by omitting family members who drive the car “occasionally” that they are saving money. However, they may be voiding their insurance altogether. It’s best to really thoroughly discuss your situation and planned car-use to be sure you have adequate insurance coverage.
Prepare for the future
If you go to a little extra effort to protect your vehicle with the right insurance, you can significantly decrease the potential risks you face.
Always have it in the back of your mind that the cheapest insurance policy isn’t always the best option for you. You will have to consider several factors before choosing an insurance provider. Apart from the price, other factors to consider include customer service, feedback from customers, and financial stability.
Oh, and we offer an extra benefit. We secure quotes between multiple carriers to help you find the most competitive rates. That means we take care of the shopping for you.
And if you’re on the lookout for great information about insurance topics that impact health and your pocketbook, check back here often. And please contact us anytime for all insurance related questions.
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