by Administrator
7. July 2016 11:28
Buying auto insurance for the first time can put you at risk of committing certain mistakes. The myriad options offered by the insurance agencies in Killeen further increases this possibility. You need to choose an auto insurance policy depending on the type of coverage that will be sufficient for your vehicle. Therefore, proper consideration is required so that you don’t end up losing money on auto insurance.
Below are some common auto insurance mistakes that you need to avoid:
- Shopping without prior preparation: Before venturing out to request auto insurance quotes, you need to be fully prepared so that you can make an informed decision. You must possess complete knowledge about the car insurance coverage requirements in your state. You also need to know if you require comprehensive or collision coverage and how much insurance premium you can afford to pay every month.
- Not consulting various insurance companies: One of the most common auto insurance mistakes is consulting only one insurance company and not making an effort to shop around. It is important to consult at least 4-5 insurance companies in order to compare the premium rates and finalize the one that suits you the best. Getting quotes from multiple insurance companies can help you save a lot of money in the long run.
- Not being aware of the coverage you require: Most of the customers buy auto insurance just to fulfill the legal coverage requirements in their state. However, depending on the type and model of vehicle you own, your driving record and other such parameters, you may require certain additional types of coverage to keep you fully protected. You need to have a detailed discussion with your insurance provider to know the most suitable coverage options for you.
- Buying unnecessary coverage: Considering the extensive coverage options available, you may end up buying the ones that you actually do not require. For instance, you need to calculate if it will be cost-effective for you to pay for comprehensive and collision coverage. If you are paying a premium that is more than 10% of the total cost of your car, it is better to consider dropping optional coverages.
- Choosing a wrong deductible: Deductible is the amount of money you are required to pay towards the claim amount. You need to choose your deductible after a thorough consultation about your budget. While a higher deductible can assist in lowering your insurance premiums, it could end up burdening your pocket in the event of an accident or damage.
To buy auto insurance in Killeen, TX, consider Shawn Camp Insurance Agency, Inc. We will help you find the most suitable and affordable insurance policy. For details, call us at (254) 526 – 0535 or visit 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542.
