3. Studies say that an average American pays about 80.000 USD in his entire
life, on car insurance. The question is: are there things a person can do in
order to cut down this cost? In this article we are going to talk about the
mistakes that people do when they decide to get car insurance.
First, there are people who make wrong decisions. For example, there are
many people who choose the smallest, less expensive car insurance. But
this can show to be a big mistake because if you are insured for 10.000 USD
but you get involved in a car accident and the damages exceed 15.000 USD,
you will need to pay the difference.
So, in order to avoid this problem, it is better to pay few dollars more every
month but have an insurance policy that covers you no matter how costly
the car accident is.
Another mistake that people do is to keep some info from the car insurance
agency. Eventually the insurer will find out about those hidden info and you
will be the one held responsible and penalized. So, it is simpler and fairer to
just mention every fine or accident you have been involved in.
Honesty is and should be highly valued by any reputable car insurer. If you
choose to hide info, when the truth is found out, you will begin to be seen as
a not so trustable individual and you will be refused insurance or any
possible discount.
Speaking about discounts, it is wise to know that major car insurance
agencies usually offer special discounts and you should ask about them and
try to qualify for them. When you benefit from a discount, the monthly
4. premium will be the first to be influenced. If you, for example, have certain
security devices installed in your car, you should mention them to the car
insurer as they will certainly get you a legitimate discount.
Also, if you have a clean driving record, tell the agency about it. This record
will tell that you are a good and correct driver that may deserve a price cut.
If you have two cars that you want to insure, ask for a discount as well.
Another mistake is to refuse to pay up front. When you do pay, it is very
possible you get a substantial discount. Insurance companies want to get
your money at once and so they try to persuade you offering a substantial
discount. If you choose to pay a big amount of money at the beginning, the
monthly premium will be a much smaller.
There are many other mistakes that people make when getting an insurance
policy. The wisest decision would be to get the help of an insurance broker,
which is much more knowledgeable than the average insurance broker; in
fact, this document was put up by a professional working at Millenium
Insurance RCA in Bucharest, Romania. The professional brokers will take
care of your personal interest and will show you the advantages and
disadvantages of each and every policy existing on the market.
When you give the insurance broker all the information he needs and if he
is well trained and has a good reputation, his help would prove to be
extremely valuable.
