Major Mistakes To Avoid When Buying Auto Insurance

Carrying at least liability auto insurance is a law in many states, but choosing the right auto insurance coverage is essential in order to protect yourself financially. Purchasing an auto insurance policy seems simple, but in many cases it is more complicated than it seems. If you're planning on buying a new auto insurance policy in the near future, avoid the following mistakes:

Neglecting to Get Multiple Quotes

There are so many insurance companies that offer auto insurance, and in this day and age you can get quotes in just a couple of minutes by filling out an online form. Take the time to explore your options and get quotes from several different companies-- auto insurance premiums can vary greatly, so spending an hour or two seeing what types of rates are available can save you a lot of money in the long run.

Not Reading Your Policy

There are so many auto insurance policies available and it is important to know exactly what you are buying. Before purchasing an auto insurance policy, actually read all of the paperwork so you understand exactly what is covered and what is not. The last thing you want is to have an issue with your vehicle and then learn that the policy that you purchased doesn't provide the coverage you need. The more you know and understand your auto insurance policy, the better off you are.

Lying About Your Driving Record

Since so many auto insurance policies are purchased online, it can be tempting to fib about your driving record and past accidents and moving violations. However, doing this is a waste of time- you insurance company will review your driving record and may cancel your policy or rescind their offer when they discover that you were not truthful. Don't bother lying about your driving past-- it won't do any good and will most likely cause trouble for you when trying to buy a new auto insurance policy.

Being Under Insured

When buying an auto insurance policy, don't look for the minimum required by law for guidance. It is essential to purchase an auto insurance policy that provides complete protection in the event that you cause an accident, injure a passenger in your vehicle, or your vehicle is stolen. If you're confused by the different levels of auto insurance protection available, speak with an insurance agent or insurance broker, such as at Koski & Co,who can help you buy the auto insurance policy that will provide the financial protection that you need.