Five Don'ts When Buying Car Insurance
When buying car insurance, it is important to understand the basic concepts that apply to car insurance before you go out and shop.
Don’t Purchase the First Quote
Shop around! It may be unpleasant to give out all of your information over the phone to a variety of people, but as long as you stick with reputable companies, your information should be safe.
Don’t Over-Insure Your “Beater”
If you have a car that is old and rusty, and not worth much money, do not carry full car insurance coverage. You can go with liability only insurance, which will protect you for bodily injury liability to others.
Don’t Get Scammed by Your Current Carrier
If you are a loyal customer, and have been with the same company for many years, demand an annual car insurance policy review.
Don’t File Small Claims
If you have a minor accident that does not do too much damage to your vehicle, shop around at some body shops to see what it would cost to repair the damage. If the repair estimate is lower than your current collision deductible, then pay for the damage out of your own pocket and do not file a car insurance claim.
Don’t Carry Auto Insurance and Home Insurance with Different Companies
If you have homeowner’s and auto insurance, make sure that they are with the same company and that the multiple-line discount is being applied.