Common, Costly Auto Insurance Mistakes Listed by InsuranceAgents.com

New article discusses the more common car insurance mistakes made by policyholders. End Quote

With your own money on the line, mistakes on your auto insurance are the last thing you want to make.

Chicago, IL (1888PressRelease) July 14, 2009 - If you’re a driver with auto insurance, you will want to steer clear from certain mistakes on your policy that can cost you more than you can afford. Major, but common, mistakes on an auto insurance policy can cost policyholders thousands of dollars, or even hundreds of thousands of dollars in bad cases, according to a recently published article on InsuranceAgents.com.

“With your own money on the line, mistakes on your auto insurance are the last thing you want to make. Too many people don’t realize the mistakes they’re making on their auto insurance until it is too late,” according to the InsuranceAgents.com article, ‘Dangerous Auto Insurance Mistakes.’

According to a recent survey from the Insurance Research Council that 28 percent of participants with a car were looking for lower auto insurance to save money. Another 9 percent had dropped their coverage.

At a time when people are trying to save money, making sure that everything is in order on your auto insurance is definitely the first step. That way, you won’t be surprised with a very expensive coverage gap in the future.

One of the biggest mistakes policyholders make is not getting uninsured/underinsured coverage.

“Not getting [uninsured/underinsured motorist] coverage can prove disastrous if you ever got into an accident with a driver who either didn’t have auto insurance or was underinsured. Because that means you and your auto insurance carrier will suffer for the other driver’s foolishness,” according to the article. “Furthermore, this coverage is relatively cheap in most cases. And it offers a variety of protection including paying for your medical bills, lost income as well as pain and suffering.” Other mistakes include not getting enough uninsured motorist coverage and also getting inconsistent liability coverage limits.

If your aim is to save money on your auto insurance, start out by making sure you have a solid and thorough policy. Also, if you’re looking for more ways to save money on your auto insurance, consider comparison shopping and looking for auto insurance quotes.

For more information, visit InsuranceAgents.com.

http://www.insuranceagents.com/dangerous-mistakes.html

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