6 Severe Errors Patrons Make When Shopping for Automobile Insurance – EconoTimes

Today's auto insurance failure will cost you hundreds and even thousands of dollars tomorrow. Your mission as someone looking for the right auto insurance provider is not just looking for insurance. Your mission is to search well and do a lot of research. It can take time, but it is important to find the best insurance company. Make sure that you don't make any of these common mistakes when looking for an insurance provider.

1. Buyers forget to poke around

One of the first mistakes buyers make is choosing the first company that gets in their way. This is a big mistake because company one may have given you $ 250 a month for your car insurance premium. You may think this is such a bargain and you hurry up and make the decision. However, then the mistake is made. If you make a rash decision based on your emotions, you will miss out on future opportunities. If you had received offers from a few more companies, you might have received an offer for $ 175 from companies two or three. Don't run into the first company, take your time and get quotes from multiple insurance companies.

2. Buyers forget to check on site.

Getting a quote online can be quick and easy, but you are doing yourself a disservice by not checking out your local auto insurance company. The reason this is so important is so that you can speak face to face with an agent if you have any concerns about your insurance plan. Also, you may be able to get discounts from your local insurance provider that you would not otherwise have received. Let me share my experience. I bought a new car and saved nearly a hundred dollars by driving down the street to a State Farm insurance agency in Fort Lauderdale, FL. Originally I wanted to buy from GEICO, which usually gives me better deals. However, this time I was able to save by going on site and taking advantage of their benefits for local customers. You may think that shopping online is your best choice, but don't discount the importance of local shopping. You could end up getting a theft.

3. Buyers forget to create bundles

Most buyers leave so much money on the table forgetting to bundle insurance policies. If you take out your home and car insurance from the same provider, you can save between 5 and 25% with the multipolice discount. At State Farm, for example, you can save up to 20% with this discount. Progressive helps you save 5% with this discount. Allstate can help you save up to 25% on home and auto insurance. I encourage you to do your research and choose the company that makes the most sense for you and your family.

4. Buyers forget to take advantage of discounts.

Every insurer is wired differently. Some offer insurance discounts that you can't find anywhere. State Farm, for example, offers their Drive Safe & Save program, which helps good drivers save up to 30% on their premium. Farmers Insurance offers a youth driver discount for drivers under the age of 25. Nationwide offers an accident-free discount for drivers who have an accident-free record. Nationwide is also offering their SmartMiles discount. Why Pay More Than You Should Pay? SmartMiles helps you save on your monthly payments based on how many miles you drive. With any insurance company you choose, make sure that insurance discounts are one of the factors that helped you make your decision.

5. Buyers forget to get correct coverage.

We have all heard of many cases where someone has been involved in an accident and is not insured for vehicle damage or personal injury. Always remember to get auto insurance for protection. Let me say again, you get auto insurance for protection! If liability is all you can afford, then I understand. However, if you can afford it, I strongly recommend that you get the right amount of insurance for your car, yourself, your wife, and your children. Don't wait until it's too late. Make sure you do it now.

6. Buyers forget that their creditworthiness is important.

Don't make the mistake of losing your credit rating. We can all get lazy with our creditworthiness thinking we won't have to make any major purchases in the future. However, we tend to forget that auto insurance is another important purchase. Over 90% of auto insurance providers use a buyer's creditworthiness to consider auto and home insurance offers. Start building and maintaining your creditworthiness now. Make sure that your credit history is in order and make sure that you pay your bills on time.

This article does not necessarily reflect the opinion of the editors or management of EconoTimes.

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