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.

  1. 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.

  1. 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.

  1. 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.

  1. 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.

  1. 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.

  1. 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

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Search All Blogs

Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Want to learn more about our blog writer?

Read more about KayLynn's background.

Click Here

Search All Blogs

Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt

Pimp My Ride… Responsibly: How to Insure Your Customized Car

Custom Rides, Covered Costs: Protecting Your Upgraded Car with Insurance

Home Sweet Secured Home: Why Homeowners Insurance is Your Superhero, Not a Villain

Home is Where the Heart (and Coverage) Is: Why You Need Homeowners Insurance

Cabin Fever Blues Got You Down? 8 Fun Ways to Bust Out of Your Boredom Bunker!

Stuck at Home? Beat Cabin Fever with These Fun (and Easy) Activities!

Business Buddies or Insurance Experts? Why BFFs Aren’t Always the Best for Biz Coverage

Friend in Insurance? Consider These Before Mixing Business with Pleasure

No Needles, No Problem: Unveiling the Secrets of Life Insurance Without a Physical Exam

Life Insurance Made Easy: Skip the Physical, Get Covered Today!

Speeding Tickets and Insurance Rates: Myth vs. Mayhem (and Where We Can Help!)

Worried a ticket will skyrocket your car insurance? Let’s clear the confusion! Learn which violations affect rates, why it matters, and how to find affordable coverage – even with a less-than-perfect driving record.

Rain, Rain, Go Away! Don’t Let Roof Repair Ruin Your Day: A Homeowner’s Insurance Guide

Leaky Roof? Relax! A Homeowner’s Guide to Roof Damage and Insurance Claims

Cash: A History Lesson (and Why It’s Still Relevant Today!)

We swipe, tap, and click, but cash persists!

Sole Proprietor? Don’t Risk It All! Business Insurance for Your Peace of Mind

Running a solo business? Don’t let a lawsuit or disaster wipe you out

Beyond Million-Dollar Contracts: Why You Need Athlete-Level Protection (Even Without the Millions!)

Health is Wealth: Why You Need Insurance Protection, Even Without a Pro Athlete’s Salary