Avoid these car insurance mistakes when picking your policy.
The cost of car insurance is a major expense for most people, and rising rates often seem unavoidable. We all want to pay less for it, but misunderstanding car insurance can end up costing you a whole lot more. There are a lot of half-truths, rumors, and pitfalls when it comes to car insurance – and they could mean we end up paying more each month for our coverage.
Avoid making these car insurance mistakes that could drain your wallet in the future.
Mistake #1: Keeping it quiet
It may save you money in the short-term to keep quiet about things like a new driver or to not mention a ticket when you shop for quotes. However, in the long run, it could cost you even more. Insurance may decide to back-charge you for the new driver, or worse, drop you from coverage. More often than not, they’re going to find out anyway, so in this case, honesty really is the best policy.
Mistake #2: Understating your mileage
You should try to be accurate on how many miles you expect to drive in a year. There’s no point claiming that you will do 3,000 miles a year when your commute means you do 11,000. This could come back to haunt you if you intentionally state it as lower than average but actively do average or above average miles.
Mistake 3: Under-insuring
If you are underinsured, it could mean that you are left with little protection in the event of an accident, and you might have to face a high out of pocket expense should you need to file a claim. We can help you with options that work best for your budget while maintaining the right level of protection.
You can help keep your rates as affordable as possible by being careful to avoid these car insurance mistakes! If you’re unsure what coverage and rate is best for your needs,visit Tompkins Insurance for help!