Almost every car owner treats his/her car as a child. The car is pampered and shown off. While we understand your attachment with your motor child, we also care for its safety. That’s why we suggest buying car insurance as soon as you buy your vehicle. Car insurance is not only an advantage in bad times like accidents but also a legal obligation in most countries. Buying car insurance is not a big deal. However, you need to be careful and avoid the following mistakes.
Running after low premium
While selecting a car insurance policy, we usually try to avoid paying huge amounts for the premium. We forget that buying insurance is not the aim. The aim is to get the policy that will cover the expenses in the time of need. So, remember that a low premium doesn’t mean that you’re being benefitted. It simply means that your insurance money might even fall short against the requirement.
Doubting the online purchase
In today’s world, almost everything is available online. While most of us basically live off of the internet, the rest still shy away from buying things online. Even car insurance can be bought online but there are a lot of people that love to doubt it’s righteousness. But this whole overthinking is pointless because the online purchase of car insurance is more profitable to buyers. Going online eliminates the agent and allows you to have the policy for a lesser amount of money.
Not selecting a high deductible
Before receiving the claim, you are required to pay a certain amount of money if you are the insured member. If you choose a low deductible, you are missing the chance of lowering your insurance premium. You don’t want that happening. However, if you select the high deductible, you are going to get No Claim Bonus while you are in your Claim Free years.
Dishonesty about age
There are people that would choose to hide the real age of the driver, his/her driving history and car accessories. While this might help them get away with paying minimum premiums, they cannot be on the upper hand when they have to actually claim the insurance. At the time of making a claim, a deep investigation goes on. So, it’s better to disclose everything correctly at the time of buying the policy.
Not comparing policy rates between insurers
We all compare the cost and quality while buying the products we use every day. Why don’t we do that with a car insurance policy as well? Your car insurance policy should be well researched and thought after. Simply going for a big name company will not help. This is the reason why you need to compare USAA and Geico car insurance in the first place. You have to consider premium rates, policy benefits, and complementary features. And once you are satisfied with a certain policy, you can make the move to buy it.