Not assessing your specific coverage requirements can lead to either over-insurance or insufficient protection, impacting your financial safety and expenses.
Concealing facts like recent traffic tickets can lead to application rejection or higher premiums, as honesty is crucial for accurate risk assessment.
Skipping the comparison of insurance quotes can result in missing out on better rates and coverage, as prices and terms vary significantly among providers.
Forgetting to update or renew your insurance policy can lead to lapses in coverage, especially important for changes like adding a new driver.
Opting for just the bare minimum insurance coverage might not suffice, especially if you have valuable assets or a new car to protect.
Many insurers offer discounts for bundling policies, safe driving, or using monitoring systems, and missing out on these can lead to higher premiums.
Inexperienced drivers cost more to insure, so not being ready with appropriate discounts or information can lead to higher rates.
Hiding information such as new drivers or tickets may lead to back-charges or policy cancellation, making honesty the best policy.
Not having sufficient UIM coverage can leave you vulnerable to high costs in accidents where the other party is underinsured.
GAP insurance covers the loan-vehicle value gap in case of total loss, and Umbrella insurance offers additional liability protection beyond standard limits.