10 Mistakes You Need To Avoid When Buying Car Insurance

Last Updated on March 15, 2021

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Whether it is your first ever car or your 10th, getting car insurance is extremely important for reasons that are too obvious to even be mentioned because after all, once you get on the road, you have to be sure that you, the people with you, and your vehicle are safe and secure.

While getting car insurance, we may make a few mistakes, but that’s okay since we didn’t know better back then. So if you are willing to get a new one soon, we have outlined the most common mistakes and explained them briefly. We don’t want you to waste money over an insurance that’s not protecting you as it should.

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While shopping for auto insurance, we get extremely happy finding ones that are cheap. But that’s not the bottom line because a cheaper price means not total coverage, which is bad. You have to make sure you get enough protection and your vehicle is safe.

Otherwise, the small amount of money you just gave will not be covered for almost anything.

Not understanding a policy

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The second you decided which car insurance policy you need, learn it word by word and from top to bottom. Otherwise, you will assume that many items are covered and well-protected when, in fact, they are not.

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Allowing your credit rating to slide

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There are many car insurance companies that take credit ratings’ of the drivers into account when they are preparing quotes, so before you go shopping for car insurance, make sure that you credit ratings are well-protected.

Not getting everything written down

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It doesn’t matter if you are verbally quoted a specific amount of money, there is always a chance you will get billed more. So make sure to never commit to any policy, unless you get every detail in writing, even the detailed breakdown of what you are giving money for.

Not disclosing all the previous claims

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Before you get a quote, the insurance company will ask you to disclose all the claims you have had. So make sure they are all disclosed, or your rate will be bumped up when one of them is discovered down the road.

Financing your premium

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© Car Pro

Of course, paying money on a monthly basis is convenient, but they cost more. So instead of putting your money for the premium every month, you can do it in 6-month increments. You will be able to save money easily in the long run.

Not mentioning all the drivers

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© Purves Insurance

While getting the car insurance, be straightforward about how many people will be driving the cars on your policy. The insurance company will be able to know about the unreported drivers, which will affect you with a higher rate.

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Purchasing the cheapest policy

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© Cheap Car Insurance

Those who get a cheaper policy believe that it could be the right one or the better one. But the mistake here is shopping based on the price only. You should not forget about the coverage, too, in order to make sure you are fully protected and not subjected to any high deductible.

Not asking for accident forgiveness

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© Pocket Sense

When you are at the auto insurance company requesting a quote, you have to ask them if they provide accident forgiveness. This is the only way you guarantee that your first accident will not be increasing your rate.

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Not getting the discounts you qualify for

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© King Sige

The majority of car insurance companies offer discounts for anti-theft devices that were installed in the vehicle and for being accident-free. Ask them for the complete list of everything you can get discounts for, and make sure to get each one you are qualified for in order to be guaranteed getting the best price.

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