Expensive Car Insurance Mistakes

Avoid these costly auto insurance mistakes.

No one wants to pay more for their auto insurance than they have to.  Unfortunately, when it comes to your auto insurance, certain missteps will end up costing you significantly.  If you don't want your car insurance to break the bank, then here are some of the costly mistakes that you should avoid.

Canceling Your Previous Coverage Too Early

If you want to switch from one insurer to another, it's important that you do not cancel your existing policy too early.  This can create a coverage gap that can leave you vulnerable.  For instance, if you canceled your policy a couple of days before you new one started and you got into an accident during this gap, then you would be responsible for all the costs associated with the accident.  So, to ensure that significant costs do not come out of your pocket, make sure that you do not create dangerous coverage gaps.

Lying or Omitting Information When Applying for Insurance

While telling a little white lie or concealing certain pieces of information from your insurer might not seem like a major deal, this actually constitutes insurance fraud.  If you get caught lying, then you may experience an increase in your auto insurance rates.  In some cases, your deception can actually result in an insurer denying you coverage.  If this should happen, then you would be flagged as high-risk, making it extremely difficult to find an insurer willing to cover you at an affordable rate.

Failing to Use Discounts

Finally, if you are not applying for every discount that you qualify for, then you are overpaying for your auto insurance.  This is why it's so important to do some research and learn about all the discounts that you may have access to.  You may be surprised to find out that you are eligible for considerable auto insurance savings.

These are some of the costly auto insurance mistakes that you should avoid.  Do you have additional questions regarding your car insurance needs?  If so, then contact the experts at the Scavone Insurance Agency Center LLC in White Plains, New York today.