As a driver, the last thing you want is to pay more for your auto insurance than you have to. Unfortunately, there are many auto insurance mistakes that can cost you. Here are some of the common issues you should avoid if you do not want to overspend on your auto coverage.
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.
These are some of the auto insurance mistakes that can cost you. Are you looking to find the right auto insurance to fit your needs and your budget? Then contact the experts at Mike Leonard Insurance Agency. Our dedicated team is eager to find you the right coverage from one of our many carriers including: Kemper, MetLife, Nationwide, Travelers, The Hartford, Safeco Insurance, Progressive, and American Strategic Insurance.