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Common mistakes people make while buying car insurance (2014-01-01)
There are a lot of common mistakes which people make in order to choose the right auto insurance. These common mistakes often make your policy a waste of money and also end up paying very high premiums. However if you would be aware about these flaws before hand, you would not end up repeating those mistakes.
All of us buy Car Insurance through various salesman and agents. These people often pretend and we the words like they are your friend and would only sell you the policy which is best suitable for your needs. But you should keep in mind that they are mere salesman and would only sell you something which is profitable for them as well. So what you should do is don’t just go by his words but also make your own research. Prepare a set of your queries and questions which the salesman would be liable to answer. Don’t make the mistake of staying under or over insured.
A lot of people get impressed by the fact of low deductibles. They try to keep themselves protected from every little dent and scratch in their Car Insurance policy. However if you keep the deductibles low the premiums are ought to get higher and become a burden on your pocket. This point can be considered if the car is very expensive as well as new. But in case your car has become old don’t choose to pay high premiums. Bothering your insurance company for covering little repairs would be risky as they would increase your premium and can also refuse to provide any future coverage.
A lot of people are confused by the fact that no matter how old or new the car is, the Car Insurance would be same for every car. Well, this is not true by any chance. If the car is new it would have a higher coverage and the premium would be low. The premium keeps on increasing year by year as the vehicle gets old and demands more services as they are more prone to getting damaged.
A lot of people think that buying one Car Insurance for one car which is used by everyone around the house is inappropriate. Insurance policy would only cover the people who are covered in that particular policy. If in case the vehicle gets damaged by someone else whose details are not mentioned in the policy the company can sue you.
There are few umbrella Car Insurance policies which provide you the coverage from the liability which is out of your reach. A very few people are aware about it and hence don’t get benefitted from it. You can choose it depending upon your need. These policies are comparatively cheap and provide better coverage options.
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