Getting Car Insurance? 3 Mistakes You Should Avoid Making
If you're driving in the US, you need some form of car insurance to be able to take your car out onto the open road. Unfortunately, it can be confusing when it comes to what kind of insurance you should get. You don't want to spend a small fortune on an insurance policy that is overkill, but also want to make sure you are covered if an accident happens. As long as you avoid these mistakes, it will help you decide on the best policy.
Lying About Previous Driving History
When you are getting a quote for auto insurance, chances are that you will be asked about your driving history. You may think that you will be getting yourself a deal on your premiums by lying to the insurance agent, but it will eventually be discovered.
Insurance companies use the info you provide to get a basic quote for auto insurance when shopping around. Once you get a policy written for you, a search will be done to see what kind of accidents or tickets you have had in your past.
If you lied about your previous driving history, it will be difficult to get an accurate price quote because the cost will most likely go up in the end.
Getting Bare Minimum Insurance
Many states have minimum requirements when it comes to the policy you get. They are typically used to cover the other driver and their vehicle, not your own medical expenses and vehicle damage.
The problem is that the minimum amount of coverage may not be enough if you actually need to use your insurance. For example, you may have a requirement of at least 10K for personal injuries, but hospital bills can cost much more than that. The 10K your insurance company pays out may not be enough to cover all of the damages, leaving you to pay the rest out of your pocket.
The small amount you tried to save on your policy could end up costing you thousands of dollars more if an accident occurs.
Assuming Insurance Providers Are Identical
It's important to shop around for more than just the price of the policy. You should know how a company does business when it finally comes time to submit a claim with them. For example, are you aware of the type of parts that will be used to fix your car? Your policy may only cover generic parts instead of OEM parts, which means if you feel the need for the official part from the manufacturer, you'll be paying the difference out of pocket.
Compare providers to ensure that their policy meets your needs. For more information, contact a professional in your area or visit a website like http://www.unitedsecurityagency.com.
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