Common Car Insurance Mistakes
May 13th, 2009 | By Hot News Reporter | Category: Insurance Today(WLTX) – When was the last time you checked out your auto insurance policy?
If you can’t remember, it may be a good time to review your policy, because you may notice a mistake.
Insurance experts say there are some common mistakes that could cost you in the long run. Without uninsured motorist coverage, officials say you will be required to pay for repairs out of pocket it you’re hit by an uninsured driver or a hit-and-run driver. Keep in mind, uninsured driver coverage could raise your premiums by as much as 10 percent, but it may be worth the cost.
Also, if you’re shopping for a new car, check with your insurance company before signing off on the deal. Things like safety features, reparability and even the likelihood of your dream car being stolen may affect your rates.
Another mistake is having an older car that you could be paying too much collision coverage. Also, officials say to make sure you check your vehicle’s blue book value to see what it’s worth.
