When you buy a new car, one of the first things you need to do is purchase car insurance. This can be daunting, especially if you are new to it. There are many things to consider when buying car insurance, and sometimes, new car owners make mistakes that can be quite costly. Gill Insurance Agency in Plainfield, IN can help you navigate this important coverage.
Here are four common mistakes new car owners make when buying insurance and how to avoid them:
Lying on the Auto Insurance Application
This mistake is quite common, especially with new car owners. Many people think that by providing false information, they will be able to get lower rates. However, this is not the case. Insurance companies use sophisticated software to verify the information that applicants provide. If they find out that you have lied on your application, they will either cancel your policy or refuse to pay out claims.
Not Doing Your Research
Many people simply choose the first insurance company they come across without doing any research on them. This is a huge mistake as different companies offer different rates and coverage. It’s essential to compare different companies before settling on one.
Not Getting Enough Coverage
Another common mistake is not getting enough coverage. This can be a costly mistake, especially if you get into an accident and don’t have enough coverage to cover the damages. That’s because the insurance company will only pay up to the limits of your policy, and the rest of the money will come from your pocket.
Not Understanding Your Insurance Needs
Do you understand your insurance needs? If not, you’re not alone. A recent study showed that nearly half of new car owners don’t know what type of insurance they need. Do your research before buying a policy, so you don’t end up overpaying or underinsured.
Avoid the Above Mistakes and Purchase Your Car insurance Today!
Are you a new car owner? Ensure you avoid these common mistakes when buying insurance for your vehicle. If you need help, our team of experts at Gill Insurance Agency in Plainfield, IN is always here to help. Give us a call today or visit our website for more information.
