What To Avoid When Buying Auto Insurance

What To Avoid When Buying Auto Insurance

June 17th, 2016 — Martinson Agency LLC — Chaska, MN

Americans sure have been in a car-buying mood lately. Just last year, consumers bought a whopping 17.5 million new automobiles, according to vehicle valuation firm Kelley Blue Book. And in February, the trend has continued, with new-vehicle sales up approximately 8% versus 12 months ago.

Wherever new or used cars are bought, auto insurance invariably follows. After all, when an accident happens, where else can you go to pay for the expensive repairs that so often occur?

The problem is that because auto insurance is mandated, people will buy it merely to satisfy the requirement, not as a smart investment. As a result, hasty decisions are often made – decisions that could put them in hot water when they have to make a claim.

If an auto insurance purchase is in your future, here are three things you should be sure to avoid when shopping for a policy:

Purchasing The Cheapest Option

We all want to get the best deal possible as a consumer. But as is typically the case, you often get what you pay for. In other words, if there is an auto insurance policy that’s really cheap, there’s a good chance that the coverage it provides is really meager. All too frequently, policyholders wind up learning this the hard way after filing a claim, only to learn that their policy amount is insufficient for the damage that occurred.

Fail to Research

Reams of information are literally at our fingertips, thanks to the Internet, online search engines and quote comparison websites. But these outlets go to waste if you don’t take advantage of them. The Insurance Information Institute has several tips on what to look for both in a policy and an insurance provider.

Choosing The Wrong Policy

As previously mentioned, in an attempt to save money, consumers will often buy auto insurance that’s the least expensive or only the amount that they’re required by law to have. While this may save them in the short run, it will be a different story should they ever have to file a claim. For instance, if a policyholder’s car is stolen and only liability coverage is in place, that person will have to go about replacing the stolen automobile out of pocket.

It really does pay to be a conscientious consumer when you’re in the market to buy auto insurance. Get in touch with your local agent at the Martinson Agency, who can help you navigate the selection process to ensure you get the right type and amount of coverage for your needs.

Don’t leave your insurance to luck! Call today us today!

Phone: (952) 314-4400

Email: jphagen@aibme.com