24 Jan 2019
Consider This as You Shop for Auto Insurance

Consider these things as you prepare to secure a new auto insurance policy.

As a driver, you know how dangerous the open road can be. This is why it’s important to have the right auto insurance protections in place. If you are currently looking to secure a new car insurance policy, there are a couple of things to keep in mind. Here are two important things to consider.

Avoiding Insurance Fraud

Insurance fraud occurs any time you lie to your insurer. While a little white lie might not seem like a major deal, this can have some very serious consequences. If your insurer catches your lie, they will not issue you a policy. Even if you slip by initially, your insurance can always uncover your dishonestly later on. If this should happen to you, your insurer has the right to deny you coverage and could even cancel your auto policy altogether. Additionally, after having your policy canceled, you would be flagged as high risk to insure, which would raise your future insurance rates considerably. So, when you apply for your auto insurance, be completely honest with your insurer to avoid committing fraud.

Setting Your Deductibles

When you secure car insurance, you have the opportunity to set your policy’s deductibles. A deductible is the amount of money you agree to pay towards a claim before your insurance coverage kicks in. Your deductibles and your insurance premiums have an inverse relationship, meaning that the higher deductible you set, the lower your premiums will be. While some drivers set their deductibles as high as possible to save on their premiums, this practice is risky and discouraged. This is because setting your deductible too high could prevent you from accessing your insurance coverage when you need it most. Rather than taking this unnecessary risk, insurers recommend setting your deductibles as high as you can comfortably afford. This way you will save a little on your premiums while still being able to use your insurance coverage when you need to.

These are two of the major things you need to consider when you are securing a new car insurance policy. Do you have additional questions regarding your auto insurance? If so, contact the experts at Weaver & Associates in Arcadia, California. Our dedicated team is eager to assist you with all your car coverage needs today.