Purchasing car insurance is a necessity. However, purchasing just anything is not the route to take. Before renewing a policy, it is important to consider all of your options, including various providers. You may want to avoid these common mistakes as well.
#1 - Choosing Limits Based on State Minimums
A common problem associated with purchasing car insurance is buying the state minimum. State minimum coverage provides liability protection for the other driver. Should you be in an accident, for example, in which you are at fault, the other driver's vehicle damage, medical bills, and property loss is covered. Your vehicle and needs are unmet. Choose insurance based on your needs, not requirements.
#2 - Choosing Based on Price
Selecting an insurance policy based on price alone can lead to complications. What you may not know is that the price is lower because:
- The coverage is reduced
- The deductible is incredibly high
- The policy has numerous exclusions and limitations
In short, you get what you pay for, but you do not have to overspend. It's best to select the right policy based on what you could lose in the event of an accident.
#3 - Your Driving History
As you go through the process of answering questions about your insurance needs, one will ask about your driving history. Be honest. Every insurance company will check what you report. If you have three tickets over the last year, state that. Otherwise, you are just wasting your time. It's best to be upfront so that agents can work with you.
#4 - You Have Not Compared Policies
It's essential to compare policies closely. This includes looking at each of the features of the policy and determining what is right for your needs. Things to look at include:
- The insurance deductible, or amount you have to pay out of pocket first
- The premium
- The types of exclusions on the policy
- The amount of coverage offered
- Any specific discounts available to you
Compare companies and policies to ensure you have the right coverage. This ensures you are getting what you need but also getting an affordable price with it. That can make all of the difference overall.
#5 - You Did Not Ask for Discounts
A big mistake consumers make when buying auto insurance is not asking for discounts. Discounts are not automatically given. Most require asking for them to get them. Some may include:
- Good driver discounts
- Discounts for multiple policies
- Anti-lock brakes or anti-theft devices
Ask your insurance company what discounts you qualify for and don't accept no for an answer.
Avoiding these mistakes will save you money and ensure you are working with the best company available. For more information or to get a Fredericksburg Car Insurance quote, contact Tabitha E Walker Insurance Agency at 540-657-5633 today. We will help you to find the right policy for all of your needs.