What to Consider When Looking for Auto Insurance

Here are some of the things to consider when you are shopping for car insurance.

As a responsible driver, you know how important it is to have the right car coverage in place. As you’re shopping around for car insurance, there are a couple of things you should keep in mind. Here’s what to consider as you go through the process of securing auto coverage.

Avoiding Insurance Fraud

While you might be tempted to fudge the truth when applying for auto insurance, it’s important to understand that even a seemingly harmless lie constitutes insurance fraud. If the insurer were to discover your dishonesty, they would not issue you a policy. Even if your lie slips through the cracks initially, you are still not in the clear. If your insurer discovered the fraud down the line, they would have the right to deny you coverage for a claim, and could even cancel your policy completely. If this happened to you, you would be deemed high-risk in the eyes of all insurers; resulting in significantly higher rates. So, it’s always safer to simply be truthful when you are first applying for your car insurance.

Setting Your Deductibles

When you secure auto insurance, you will have the opportunity to set deductibles for your policy. A deductible is the amount of money that you agree to pay out of pocket towards a claim before your insurance coverage kicks in. Your deductible and premiums have an inverse relationship, meaning that the higher the deductible you assume, the lower your premiums will be. While many drivers set the highest deductibles possible as a means of saving money on their recurring insurance payments, this is risky and not advised. If you get in an accident and cannot afford to pay your deductible, you will not be able to access your insurance coverage. Rather than taking this risk, drivers are advised to set their deductibles as high as they can comfortably afford so they can save a little on their premiums while still being able to access their coverage when they need it most.

Lowering Your Rates

While many drivers look at their auto insurance rates like they are set in stone, there are actually a lot of things you can do to lower your premiums. First, always ask about the discounts that you qualify for and make sure your insurer is applying them to your rates. You can also lower your rates by maintaining a clean driving record, bundling your auto insurance with your other existing policies, and so on.

These are some of the things you should consider when securing auto insurance. Do you have additional questions regarding your car coverage? If so, contact the experts at Duane Weber Insurance, Inc. in Kent, Washington. Our dedicated team is eager to assist you with all your coverage needs today.