When it comes to auto insurance, there are a lot of mistakes that people make. And unfortunately, those mistakes can lead to higher premiums and even cancellation of coverage. To avoid making those mistakes, it’s essential to know what they are. We’ve put together this list of the four most common ones. Read on to learn more!
1. Getting the Lowest Price and Thinking That’s All You Need
These days it’s prevalent to see ads for auto insurance with low prices, but those low prices may not be so great. It would help if you looked at what those rates include. Often, the best rate isn’t as low as it appears because it doesn’t have all the features you need. It may not cover the kind of vehicle you have; it may not cover all the people on your policy, or it may not offer complete coverage.
2. Assuming Your Insurance Company Will Pay Any Damages After an Accident
Many auto insurance policies have exclusions for certain types of damage depending on the cause of that damage. For example, if another driver hits your car, your insurance company will pay for the damage. But if it is damaged in a flood or by hitting a pothole, they won’t cover it.
3. Not Knowing What Coverage You Have
If you haven’t read through your policy recently, you may not fully know what it does and does not cover. Every state has different laws about where the coverage starts and stops. You could be underinsured if you don’t know how much is included in your basic coverage or aren’t familiar with the exclusions.
4. Letting Your Insurance Lapse Before Renewing
It’s important to renew your insurance policy before it expires. If you let it lapse, you could be without coverage when you need it.
There are a lot of mistakes that people make when buying auto insurance, but it doesn’t have to be that way. Golden Way Insurance Services knows what’s essential, and we go the extra mile to ensure our customers are taken care of.
If you come here looking for insurance services in Garden Grove, CA, Golden Way Insurance Services is the company to call. We provide a wide range of services, including car insurance, home insurance, business insurance, etc.
