Car Insurance Mistakes that Could Cost You

Don’t cut corners with your car insurance; these mistakes could really cost you.

While dealing with your car insurance isn’t fun, it’s still important that you handle the process carefully.  If you rush through things, then you could make expensive mistakes.  Don’t pay more for your car insurance than you have to; avoid making these costly missteps with your car insurance.

Mistake 1: Setting a Low Deductible

Many car owners set a low deductible to make sure they can afford coverage if they need it.  However, setting too low of a deductible could be costly.  The lower your deductible, the higher your premium will be.  If you avoid filing a claim, then you could be wasting money by consistently paying for your high premiums.  Avoid this issue by assuming the highest deductible you can comfortably afford.  This way you can still afford coverage while paying a lower premium.

Mistake 2: Buying Minimal Insurance

Each state requires drivers to have a minimum amount of car insurance.  To save money, many car owners only purchase this minimum coverage.  However, simply relying on minimum insurance can be a costly mistake.  If you ever get into an accident, then the state minimum insurance will do very little to help you.  This means that most of the repair costs will come straight out of your pocket.  Instead of only buying insurance minimums, a more cost-effective strategy is paying for the coverage you actually need.

Mistake 3: Not Reviewing Your Policy

Occasionally, your car insurance company misses changes in your circumstances.  This means that your policy might not be up-to-date.  That’s why it’s so important to review your car insurance policy before you renew it.  Failing to review your policy could result in you paying more for your car insurance than you need to.  Always check your policy to make sure you get all the discounts and lower rates that you qualify for.

Avoid making these car insurance mistakes and you could save some serious cash on your policy.  To find the best policy to fit your budget, contact the professionals at Stromsoe Insurance Services in Murrieta, California.  Our dedicated team is ready to assist you with all your insurance needs.

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