5 Things To Avoid When Renewing Your Car Insurance

By Dave Smith

You will always have a lot of advice from folks when you are about to renew your auto insurance. That is natural of course as people are trying to help. However, the people advising will not always have all the information you require and it is important to know what mistakes or errors to avoid.

So you would be advised to have a look at this article as it has important tips to help you avoid expensive auto insurance policies. It will help not necessarily by letting you know what to do but by what mistakes to avoid. It examines five potential mistakes to avoid when purchasing or renewing your auto insurance.

You can find the list of items below:

1. Try not to rely on only one quote for your auto insurance. This is not a good idea for a number of reasons. The main one though is that it is vital to have a comparison between different insurance policies to see if the policy is value for money or not. It would be better to get as many quotes as you can.

2. Do not pay a higher fee for a low insurance excess or deductible. This is because most people do not claim on their insurance policy. It is there mostly for legal reasons and in case you are unfortunate enough to be involved in an accident but you are actually unlikely to make a claim. So it is sensible financially to reduce the cost of the insurance by opting for a higher deductible or excess. So you should select as high an excess or deductible that you think you could handle in the event of an accident.

3. Do not make the mistake of failing to read and understand the policies properly. Clearly you can end up with unsuitable insurance or options if you do not check it properly. Instead make sure that all the quotations you get are from the same set of information given to each company and then spend time to carefully compare them.

4. Try to avoid using different companies for all your insurances. This is due to insurance companies often having lower rates for having more than one policy with them so it will save you money. So find companies that will give you special deals if you have more than one insurance policy with them, such as including house and auto insurance.

5. Do not use an insurance company without looking into their claim payment record. It will be a mistake if you do not do this even if it appears like a lot of trouble. You will not want to discover an insurance company has a bad record of meeting claims when you have just had an accident and need their help.

If you follow the advice here, and ensure you do not make these errors, it should help to avoid you being charged too much for your auto insurance or ending up with a policy that is not suitable.

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