Six Assumptions About Auto Insurance That Could Be Costing You $$$
Six Assumptions About Auto Insurance That Could Be Costing You $$$
Would you save money on your automobile insurance if you had the power to do so? Most people would say yes. But we often make assumptions about our coverage that may actually be costing us money. Here are six of them.
- All Auto Insurance Companies are the Same
This couldn’t be further from the truth. While insurance companies must operate within certain regulations, they are competitive in nature and provide varying degrees of customer service. Some spend extensively on advertising and some spend little. It pays to compare.
- Insurance Premiums Are Close to if Not the Same
Automobile insurance companies use some common factors when pricing their insurance policies but they also use their own loss experience in setting pricing. This can make significant differences in the rates you may pay from company to company.
- All I Need is State Minimum Coverage
States mandate minimum automobile coverage but it is important to remember that these coverage levels are legal minimums, not logical minimums. Your financial position can dictate you carry larger amounts. Uninsured motorist insurance often isn’t mandated but most legal professionals will agree, it can be a good idea. Assuming you just need “the minimum” may cost you in the long run.
- There’s no Easy Way to Compare Insurance Rates from Different Companies
If you think you have to call multiple insurance companies or fill out detailed online forms to get quotes for automobile insurance from multiple companies, you could be making a costly assumption. A call to an independent insurance agent will put them to work comparing the prices of multiple companies for you. You can quickly get multiple quotes from several companies when you call one of our independent agents.
- I Need High Risk Insurance So I am Resigned to Paying More
While it is true that non-standard or high risk insurance will likely cost more than standard auto insurance, it still pays to compare. Like standard insurance, high risk insurance can be priced differently between providers so it pays to compare.
- All Insurance Agents Can Compare Rates
There are what are called “Captive Agents” who only represent the offerings of a single brand of insurance. This limits what they can quote you and limits your choices. An independent insurance agent has no such restrictions.
Don’t let assumptions about auto insurance cost you money. Contact one of our independent insurance agents to get a quote today.
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search All Blogs
Read More Blogs
Mapping Our Paths: The Fascinating Reasons Behind Our Road Networks
The story behind the asphalt: Explore the geographical, historical, and planning influences that shaped our modern road systems.
Neighborly Navigations: Resolving Disputes in Non-HOA Communities
No HOA, no problem? Learn how to navigate neighborly disputes effectively in communities without formal management.
Vintage Years of Vision: Four Times Hollywood Hit Cinematic Gold
Like fine wines, certain years in film history stand out for their exceptional quality and the enduring impact of the movies they produced. This article explores four such landmark years, presented chronologically, that many cinephiles consider to be among the greatest in cinematic history.
Green Means Growth: How Environmental Responsibility Can Boost Your Business
It might seem like a secondary concern when facing immediate business challenges, but embracing environmentally friendly practices can actually be a powerful strategy for improving sales, attracting top talent, strengthening your brand, and even saving money. This article explores the tangible benefits of going green for your company’s bottom line and long-term success.
The Forgotten Beauty: Unearthing the Story of the Volkswagen Karmann Ghia
Beyond the iconic Beetle and the groovy Microbus, Volkswagen produced a surprisingly elegant and often overlooked sports car: the Karmann Ghia. This article explores the history, design, and enduring appeal of this “poor man’s sportscar” that has become a sought-after collectible.
Peace of Mind at Home: Building Your Essential Supply Stockpile
Recent global events have highlighted the importance of being prepared for the unexpected. This article outlines key non-perishable food items and essential household supplies that every homeowner should keep on hand to ensure comfort, security, and resilience during unforeseen circumstances.
Faded Glory: Remembering the Sports That Once Ruled Our World
Remember when these sports were huge? Take a trip down memory lane with harness racing, bowling, boxing, and poker, and explore their shift in popularity.
Shielding Your Dream: Essential Insurable Risks Every Small Business Faces
Protect your small business! Understand key insurable risks like liability, vandalism, theft, employee injuries, and business interruption, and how insurance can help.
Finding Your Financial Foundation: Understanding the Minimum Life Insurance You Need
What’s the minimum life insurance you really need? Learn about covering final expenses, debts, and providing immediate financial relief for your family.
The Century-Long Rumble: The Epic Rivalry Between Ford and Chevy
Relive the classic Ford vs. Chevy rivalry, from the Model T era to the Mustang vs. Camaro showdown and today’s truck dominance.