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Expensive Car Insurance Mistakes to Avoid

Expensive Car Insurance Mistakes to Avoid

Feb 28, 2019

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Expensive Car Insurance Mistakes to Avoid Expensive Car Insurance Mistakes to Avoid
 

Don't make these costly mistakes when it comes to your car insurance.

If you are inexperienced, then securing and managing your auto insurance can be challenging.  Oftentimes, people make car insurance mistakes that end up costing them a significant amount of money down the road.  If you do not want this to happen to you, then here are some of the most costly car insurance mistakes that you should be sure to avoid. 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. 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. Here are some of the common auto insurance mistakes that can end up costing you.  Do you have further questions about securing affordable car coverage?  If so, then contact the experts at Weeks & Associates Insurance Services in Thousand Oaks, California.  Our dedicated team is eager to assist you will all your coverage needs today.
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