Making These Auto Insurance Mistakes Could Cost You

Don’t make these expensive car insurance mistakes.

For many car owners, securing and managing their auto insurance is a challenging task.  As a result, they often make mistakes when it comes to their coverage.  Because these missteps can result in losses, it’s important that you do not make these expensive car insurance mistakes.  Here are some of the common errors that you should watch out for.

Lying or Omitting Information When Applying for Insurance

While telling a little white lie or concealing certain pieces of information from your insurer might not seem like a major deal, this actually constitutes insurance fraud.  If you get caught lying, then you may experience an increase in your auto insurance rates.  In some cases, your deception can actually result in an insurer denying you coverage.  If this should happen, then you would be flagged as high-risk, making it extremely difficult to find an insurer willing to cover you at an affordable rate.

Failing to Use Discounts

Finally, if you are not applying for every discount that you qualify for, then you are overpaying for your auto insurance.  This is why it’s so important to do some research and learn about all the discounts that you may have access to.  You may be surprised to find out that you are eligible for considerable auto insurance savings.

Canceling Your Previous Coverage Too Early

If you want to switch from one insurer to another, it’s important that you do not cancel your existing policy too early.  This can create a coverage gap that can leave you vulnerable.  For instance, if you canceled your policy a couple of days before you new one started and you got into an accident during this gap, then you would be responsible for all the costs associated with the accident.  So, to ensure that significant costs do not come out of your pocket, make sure that you do not create dangerous coverage gaps.

These are some of expensive car insurance mistakes that you should be careful to avoid.  Are you looking to secure the right auto insurance to fit your needs and your budget?  If so, then contact the experts at CIA Insurance and Risk Management to get covered today.

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