Whether you are looking to buy a new car insurance policy or already have a policy, car insurance is something that most of us would rather avoid. After all, it costs money and is one of those services that you hope you will never need to use. Further, car insurance policies can be complicated as coverage for several things depends on the type of policy you purchased and the decisions you made at that time. Sadly, many people make simple mistakes when buying insurance for their vehicle that can end up costing them in the long-run. Fortunately, if you can identify these mistakes, you can avoid them. This article describes 4 costly car insurance mistakes that you should watch for and avoid.
Only Shooting For the Minimum
Each state mandates the minimum amount of coverage that you need in order to comply with that state’s laws. Many people, in trying to save money on their monthly premiums, make the mistake of buying only enough insurance to meet these minimum requirements. While complying with the law is important, buying only the minimum amount of coverage can expose you to larger expenses if you are involved in an accident that results in a lot of damage. If...
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