Have you ever made a terrible mistake due to the sheer lack of knowledge? Have you later wished someone had warned you before-hand? Well, that's exactly what we're doing today. In order to save you from unprecedented grief and debt, we've decided to explore some of the most common and costly auto insurance mistakes.
Not getting any
People pose several justifications for not doing so, ranging from "Nobody can tell me what to do!" to "I'm the safest driver in the country and will never cause an accident." to the most frequent, "I can't afford it." Are these your favorite excuses for making this mistake? Well we have news for you.
First off, the government can and will tell you what to do and it says that you have to have valid auto insurance…show more content… Yes, you can file a claim with your company and have the damages taken care of. But that is if you have adequate coverage and if your claim is approved. Also, making a claim tends to raise your insurance premiums. Furthermore, if you cost your insurance company too much money, or exhibit behavior indicating that you will do so in the future, they will not keep you around as a client. Yes, you can look for new auto insurance providers if this happens, but good luck finding someone to represent you if your driving record is sullied with DUI's or other major offences. Remember, a clean driving record will get you the best auto insurance rates out there.
Opting for a Deductible you can't afford
Many people decide to reduce their insurance premiums down by opting for a higher deductible. However, please keep in mind that in the event of a claim you will actually have to pay this deductible. While you may never have to file a claim, you must prepare for the day you might. So make sure you can actually afford to pay the deductible you sign up for.
