Top 3 car insurance buying mistakes
Shopping for car insurance can be a daunting task because, when it comes to car insurance policies, one-size-fits-all doesn’t work. If you don’t do your homework before purchasing a policy, you can end up with too much coverage, too little coverage, or the wrong coverage altogether.
Not enough coverage — The minimum liability coverage required by most states is called “compulsory coverage”. This type of insurance covers medical, car repair, and additional costs for the driver of the other car. The problem arises when the other party’s damages exceed the minimum coverage that you are carrying. You can be held liable for the remaining damages and are in danger of being sued.
Too much coverage — If you’re financing your vehicle, your lender will more than likely require you to have collision and comprehensive coverage in addition to liability. However, once your vehicle is paid off, you may want to consider re-evaluating your current policy based upon the age, make and model of your car, to determine if you are paying for coverage that you no longer need.
The wrong coverage — Consider the term “full-coverage”. Full-coverage only refers to comprehensive and collision coverage in addition to the liability coverage you must carry on your vehicle. It doesn’t include other coverage for roadside assistance, towing, or the use of a rental car, for example. These options may be important to you in case of an accident, but you don’t have them!
Figuring out what you actually need can be confusing
So, how do you know if the auto insurance policy you’re purchasing is the right one for your particular circumstances? Consider using the services of an auto insurance broker like Daniel Fraisse. Auto insurance brokers are qualified, licensed professionals who are trained to find the type of car insurance you need at a cost that fits in your budget. They can help you to avoid the pitfalls of insurance buying mistakes because it’s their business to be knowledgeable about the different types of coverage such as collision, liability, and comprehensive as well as other add-on coverage, policy limits, and deductibles.
Dan Fraisse has formed valuable relationships with many of the nation’s big insurance companies — State Farm, Geico, Allstate, for example. In addition, he knows California auto insurance regulations, and will make certain that you’re in compliance with them. You won’t be spending your valuable time comparison shopping for insurance. He does all of that and more. He’ll put together an insurance policy that is customized for you, and with no mistakes!
Get answers from a CA insurance broker today
Save yourself the frustration of shopping for car insurance and call California car insurance broker, Daniel Fraisse. Fraisse Insurance serves customers in the Los Angeles area as well as San Gabriel and San Fernando Valley.
Don’t end with the wrong coverage for your car. Contact Daniel Fraisse and let him find the right insurance with the right coverage for you. Remember — Dan is an independent broker, so he is working for you!